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516 N Wilke Road Unit 205

Palatine, IL 60074

1 bed
1 bath
850 sqft
$229 per sqft
1973 build
– on site

Welcome to Unit 205 at 516 N Wilke Rd-a freshly painted, clean, and completely move-in ready 1-bedroom, 1-bathroom condo in the desirable Lake Louise community. Nestled in a quiet and peaceful area near a local elementary school, this home offers a perfect blend of comfort, convenience, and serenity. Step inside to find an open-concept living and dining area filled with natural light-ideal for relaxing or entertaining. The kitchen is functional and well-maintained, offering ample storage and workspace. The spacious bedroom includes a generous closet, and the bathroom is clean and ready to go. Fresh paint throughout gives the entire unit a bright, updated feel. Enjoy access to community amenities including a fitness center, swimming pool, and secure entry. 2 unassigned parking spots are included, and the building is pet-friendly-welcoming both cats and dogs. Conveniently located near highways, the Metra station, shopping, parks, and just steps from an elementary school, this home offers easy access to everything you need.

Listing courtesy of MRED / Compass as distributed by MLS GRID

Last checked: Checking… • Last updated May 15, 2025 •

MLS# 12345840 —

The Building

Year Built:

1973
Rebuilt:

No
New Construction:

false
Construction Materials:

Brick
Model:

CONDO
Basement:

None
Disability Access:

No
Stories Total:

2
Living Area Source:

Other
Entry Level:

2

Interior

Room Type:

No additional rooms
Rooms Total:

4

Room Dimensions

Living Area:

850

Location

Directions:

PALATINE RD WEST OF 53 TO WINSTON NORTH 1 MILE
Location:

6596
Location:

6596

The Property

Parcel Number:

02132020051119
Property Type:

Residential
Lot Size Dimensions:

COMMON
Zero Lot Line:

No
Rural:

N
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

3224

Beds

Bedrooms Total:

1
Bedrooms Possible:

1

Baths

Baths:

1
Full Baths:

1

The Listing

Virtual Tour Unbranded:

Virtual Tour
Special Listing Conditions:

None

Heating & Cooling

Heating:

Natural Gas, Baseboard
Cooling:

Wall Unit(s)

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Range, Microwave, Dishwasher, Refrigerator

Schools

Elementary School:

Lake Louise Elementary School
Elementary School District:

15
Middle Or Junior School:

Winston Campus Middle School
Middle Or Junior School District:

15
High School:

Palatine High School
High School District:

211

The Community

Subdivision Name:

Lake Louise
Pets Allowed:

Cats OK, Dogs OK
Association Amenities:

Exercise Room, Pool, Security Door Lock(s)
Association Fee:

260
Association Fee Includes:

Heat, Water, Gas, Parking, Insurance, Pool, Lawn Care, Scavenger
Association Fee Frequency:

Monthly
Master Assoc Fee Frequency:

Not Required

Parking

Parking Total:

2
Parking Features:

Unassigned, On Site, Owned

Monthly cost estimate

Asking price

$195,000

Expense	Monthly cost
Mortgage	$1,044
Taxes	$268
Insurance	$53
HOA fees	$260
Utilities	$104 See report
Total	$1,729/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
5/15/25 May 15, 2025	Sold Subject To Contingencies	MRED	$195,000
4/25/25 Apr 25, 2025	Listed / Active	MRED	$195,000	271.4% (18.9% / YR)
12/21/10 Dec 21, 2010		MRED	$52,500

39% of nearby similar homes sold for over asking price

Similar homes that sold in bidding wars went $6k above asking price on average, but some went as high as $24k over asking price.

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This condo located in Heatherstone, Palatine, IL 60074 is currently for sale for $195,000. 516 N Wilke Road Unit 205 is a 850 square foot condo with 1 bed and 1 bath that has been on Estately for 23 days. 516 N Wilke Road Unit 205 is in the Heatherstone neighborhood of Palatine and has a WalkScore® of 22, making it car-dependent. This condo is in the attendance area of Lake Louise Elementary School, Winston Campus Junior High School, and Palatine High School.

Listing courtesy of MRED, Compass, and Kim Alden as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of May 15, 2025, 04:44 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.