About Downtown Palatine
Quick Facts
Current Prices: $94,900 to $650,000
Closed Prices: $60,000 to $825,000
Median Sale Price: $279,700
Average $ per sq ft: $242
Association Fee Ranges: $100, $100 to $572/mo, $0
Type: Attached Home (Condo, Townhouse, Loft, etc.), Single-Family Home
Age: 1861 to 2021
Sq. Ft.: 700 to 4256 Sq. Ft.
Bedrooms: 0 to 7 Bedrooms
Bathrooms: 1 to 5 Bathrooms
Around Downtown Palatine
Downtown Palatine is known for its restaurants, nightlife, and entertainment venues. The city as a whole is popular among families who are looking for housing in a suburb with superb schools and an easy commute to employment in the Golden Corridor. Its history is typical of most towns in northeastern Illinois in that it began as a small farming community in 1866 and had the advantage of being a stop on the railroad. Palatine's biggest draw is its feeling of small town living with easy access to employment in the region.
The cost of living in Palatine is significantly higher than the state and national averages, mainly due to housing. The town's location in Cook County means that property taxes are higher than average due to various factors that result in frequent tax increases. However, residents see the benefit of their taxes returned to them in the form of excellent schools, policing, and well-maintained roads. Downtown residents may pay a bit more for convenient access to trains, a grocery store, and the city’s entertainment venues. However, many condos in the downtown area relatively affordable on a smaller budget.
Palatine is a car-oriented suburb when it comes to getting to nearby destinations. It does have access to Route 53, which terminates at Lake Cook Road to the north and turns into 290 on its south end. Route 53 also has access to the Jane Addams Memorial Tollway (I-90) which travels east and west. There aren't many public transit options in Palatine outside of the Metra station on Wood Street. The Metra line travels eastwards to Chicago, making the town a good option for those who want to work in or near Chicago. Pace operates two bus routes, one that takes passengers to the Northwest Transportation Center in Schaumburg and the other travels to major destinations in the area.
Children attending elementary school in Palatine are part of the Palatine Central Consolidated School District 15 and can attend any one of the 20 schools located in the district. Three elementary schools receive a rating of 9 on GreatSchools with a fourth receiving a rating of 8. However, there are no high schools in District 15 and children who reach high school age switch over to District 211 which is home to Palatine, Conant, Fremd, Hoffman Estates, and Schaumburg High Schools. Fremd High School regularly ranks in the top 20 high schools in the state and is a great school for parents who want their children to get into good colleges and universities.
There's something going on in Palatine almost every month. The summertime sees the annual Hometown Fest put on by the Palatine Jaycees as part of Palatine's Fourth of July Celebration. It's an opportunity for local artists and bands to showcase their work as well as a place for families to have fun. Downtown also hosts the annual Streetfest, which brings food vendors to the area for an outdoor feast accompanied by live music and games.
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