Palatine Homes under $200,000

Welcome to Palatine, Illinois – a charming suburban gem nestled in Cook County, just 30 miles northwest of downtown Chicago. Known for its vibrant community spirit and rich history, Palatine offers a perfect blend of small-town charm and modern convenience, making it an ideal place to call home.

As you explore the real estate landscape in Palatine, you'll be delighted to discover a variety of homes available for under $200,000. This price point opens the door to an array of options, perfect for first-time homebuyers, young families, or those looking to downsize without compromising on quality of life. From cozy condominiums to quaint single-family homes, you’ll find properties that provide both comfort and affordability.

Living in Palatine means enjoying an array of amenities, including beautiful parks, top-rated schools, and a bustling downtown area filled with shops, restaurants, and entertainment options. The community hosts numerous events throughout the year, allowing residents to connect and celebrate the vibrant local culture. With convenient access to public transportation and major highways, commuting to Chicago or neighboring suburbs is a breeze.

Whether you’re seeking a starter home or a charming retreat, Palatine’s real estate market has something for everyone. With homes under $200,000 available, now is the perfect time to explore your options and become part of this welcoming community. Discover the possibilities that await you in Palatine, where comfort, convenience, and community come together seamlessly!

Newest Palatine Homes under $200,000

$185,000

2 Beds ⋅ 2 Baths ⋅ 12774512 MLS ⋅ NEW Status

This spacious third-floor Palatine condo features 2 bedrooms, 2 full baths, approximately 1000 sq. ft., and a versatile bonus room, perfect for an office, den, or guest space. Enjoy a large living room, dining area, stainless steel appliances, newer furnace 2024, and views of the community pool, patio, and clubhouse. Community amenities include an outdoor pool, clubhouse, and assigned parking, with convenient access to shopping, dining, schools, and major roadways. Tenant occupied through January, 2027; property is being sold subject to the existing lease. Great opportunity for a future owner-occupant or investor.

1462 Carol Court Unit #3B, Palatine

$199,900

1 Beds ⋅ 1 Baths ⋅ 12775466 MLS ⋅ PRICE CHANGE Status

Move right into this beautifully renovated 1 bedroom, 1 bathroom Condo. The thoughtfully updated kitchen features stylish, modern cabinets, upscale tile and fresh contemporary design. The entire condo has been renovated with attention to detail, creating a clean, comfortable and move in ready. Perfectly situated in a desirable community, this condo offers an ideal combination of modern updates, convenience and lifestyle. One exterior parking space, #110 included. There is plenty of additional guest parking. The building lobby has been recently updated. The association allows rentals however, the building is currently at its rental cab. Enjoy the pool and clubhouse. Storage is on the 3rd floor (3E)

950 E Wilmette Road Unit #121, Palatine

$179,900

2 Beds ⋅ 1 Baths ⋅ 12775071 MLS ⋅ NEW Status

Move right into this beautifully updated 2-bedroom, 1-bath condo in a desirable Palatine community! This bright, well-maintained home features an updated kitchen with quartz countertops and stainless steel appliances, a remodeled bathroom, newer laminate flooring, and all new windows (2025). Stay comfortable year-round with two window A/C units, and enjoy your private balcony for morning coffee or evening relaxation. Includes two parking spaces and a storage locker for added convenience. Ideally located near shopping, grocery, restaurants, parks, Metra, and major highways. Don't miss this move-in-ready home-schedule your showing today!

1311 N Baldwin Court Unit #3A, Palatine

$200,000

2 Beds ⋅ 2 Baths ⋅ 12763832 MLS ⋅ ACTIVE Status ⋅ Long Valley BLDG.

Welcome to this spacious 2-bedroom, 2-full bath condo in Palatine's desirable Long Valley subdivision! Situated on the top third floor, this bright and inviting home offers a functional layout with generous living space and laminate flooring throughout. The kitchen features modern white cabinetry, plenty of counter space, room for an eat-in breakfast area, and direct access to the private balcony-perfect for enjoying your morning coffee or relaxing outdoors. The expansive living and dining room combination offers plenty of room for everyday living and entertaining. Both full bathrooms have been tastefully modernized and updated, while the two spacious bedrooms feature ample closet space. Additional conveniences include one assigned exterior parking space just steps from the building, plenty of visitor parking, common laundry on the first floor, and a dedicated storage space. Enjoy even more with community amenities including an outdoor pool and clubhouse. Ideally located near shopping, dining, and expressway access, this move-in-ready condo offers the perfect combination of space, updates, amenities, and convenience in a prime Palatine location. Welcome home!

1472 Carol Court Unit #3B, Palatine

$153,900

2 Beds ⋅ 2 Baths ⋅ 12762578 MLS ⋅ ACTIVE Status ⋅ Renaissance Towers BLDG.

Welcome home to this beautifully updated end unit offering expansive treetop views, an open concept layout, and an abundance of natural light throughout. Rich hardwood flooring flows through the spacious living and dining areas, creating an inviting space that is equally suited for everyday living and entertaining. Oversized windows frame peaceful green views while filling the home with sunlight. The updated kitchen features granite countertops, sleek cabinetry, a glass tile backsplash, breakfast bar seating, and generous prep space, all opening seamlessly to the main living areas for effortless entertaining. The spacious primary suite serves as a relaxing retreat with room for a king sized bedroom set, waterproof luxury vinyl plank flooring with a cork underlayment for added comfort and sound reduction, a thoughtfully reconfigured walk in closet that maximizes storage, and a private ensuite bath. A generously sized second bedroom and an additional full bath provide flexible space for guests, family, or a home office. Newer HVAC units were recently installed for peace of mind. Enjoy full service living with outstanding amenities including a doorman, outdoor pool, sundeck, fitness center, party room, elevator, and convenient coin laundry. Two exterior parking spaces are included. Perfectly located near shopping, restaurants, parks, public transportation, and major commuter routes, this move in ready home combines low maintenance living with exceptional amenities in one convenient location.

1 Renaissance Place Unit #517, Palatine

$165,000

2 Beds ⋅ 1 Baths ⋅ 12759367 MLS ⋅ ACTIVE Status ⋅ Baldwin Court BLDG.

Welcome home to this bright second-floor condo offering 2 bedrooms, 1 bathroom, and a convenient Palatine location! Move-in ready and filled with natural light, featuring an open living and dining area with direct access to the private balcony, perfect for enjoying your morning coffee or relaxing at the end of the day. The kitchen offers tile flooring that continues into the dining area, while wood-laminate flooring adds warmth and easy maintenance throughout the living room and bedrooms. Enjoy community amenities including an outdoor pool, sundeck, and clubhouse. Additional conveniences include laundry in the building, private storage locker, and secure building entry. Ideally situated near shopping, grocery stores, restaurants, Palatine High School, and Route 53, with both the Palatine and Arlington Park Metra stations just a short drive away. Great opportunity for an owner-occupant with future investment potential. Move right in and make it yours!

1319 N Baldwin Court Unit #2B, Palatine

$173,800

1 Beds ⋅ 1 Baths ⋅ 12743954 MLS ⋅ ACTIVE Status

Prepare to be impressed by this beautifully remodeled eighth-floor residence, set within a secure, full-amenity building and showcasing scenic water views. This move-in-ready one-bedroom, one-bathroom condo has been completely remodeled throughout, featuring new flooring, fresh paint, a custom kitchen, and a fully remodeled bathroom. The kitchen showcases sleek high-gloss cabinetry, quartz countertops, a stylish new backsplash, and updated appliances. The bright and spacious living room offers plenty of room to relax or entertain, while a separate dining area provides a dedicated space for everyday meals and gatherings. The generously sized bedroom features ample closet space, while an additional oversized in-unit storage closet provides even more room to stay organized. Concrete construction between residences contributes to enhanced privacy and a quieter living environment. Building amenities include 24-hour door staff, an outdoor pool and sundeck, fitness center, sauna, library, game room, party room, bike room, elevators, and on-site management. Ideally located next to the Palatine Trail System and just steps from the Palatine Public Library, shopping, dining, and everyday conveniences, with downtown Palatine and the Metra station only minutes away. Just move in and enjoy the view! Investor friendly!

1 Renaissance Place Unit #816, Palatine

$199,900

2 Beds ⋅ 2 Baths ⋅ 12745266 MLS ⋅ ACTIVE Status

TWO-CAR GARAGE, CENTRAL AC, AND SEPARATE LAUNDRY ROOM are rarely found in condos in this price range. Conveniently located on the ground floor, this unit is the largest non-penthouse condo in the building. It has 2 bedrooms, 2 bathrooms and boasts a 2-car garage conveniently located mere steps from the property. Also nearby is access to a scenic walking/biking trail that takes you to the library or Mariano's. Inside, you'll find a huge kitchen with new Corian countertops, new backsplash, new flooring, a new faucet, a new microwave, and brand new refrigerator (not pictured). The kitchen opens to the dining area which has new carpeting that you'll find installed throughout the unit. The living room is also spacious and has been recently painted along with most other rooms. Both bedrooms offer plenty of space and double closets with the primary boasting an en suite bathroom with a refinished vanity, walk-in shower and large linen closet. The hall bathroom is also spacious and located just outside the second bedroom. Another rare feature is the laundry room, which has a full-size washer and dryer as well as abundant storage space. Central AC is an additional asset that sets this property apart from other units for sale in the building. Aside from the unique offerings of this particular condo, the building boasts many amenities like an inground pool with an expansive patio area, a party room with a full kitchen, an exercise room with a sauna, and a library/game room. Rest easy with soundproof walls that keep the condo quiet and security in the lobby to keep unwanted guests out. Speaking of guests, the parking lot offers plenty of spaces for any of your visitors. With all these amazing attributes, this condo is sure to go fast!

1 Renaissance Place Unit #3G, Palatine

$142,900

1 Beds ⋅ 1 Baths ⋅ 12741717 MLS ⋅ ACTIVE Status

Palatine's finest! 1bdrm, 1bath condo in great condition. Clean and ready to move in. Owner occupants and investors welcome! Unit features a galley kitchen, nice dining room, large sunny living room and a good size bedroom with a large closet. Additionally, there is a large storage room in the unit. Bathroom has been remodeled, one heating unit replaced! This is a full service building, with security/doorman, outdoor pool, gym, party room and the management on-site. Plenty of parking! Don't miss out.

1 Renaissance Place Unit #302, Palatine

$170,000

2 Beds ⋅ 1 Baths ⋅ 12691977 MLS ⋅ ACTIVE Status ⋅ Baldwin Court BLDG.

*NEW*NEW*NEW* Almost absolutely everything in this unit is brand spanking, new and beautiful !! AND Lower than paying rent!!!--Beautifully remodeled 2 bedroom, 1 bath condo that is truly move-in ready! Spacious living room and both bedrooms kitchen, bthrm offer new laminate flooring. Updated kitchen, including new counters, and specialty tile backsplash- New sliding glass door leads to private balcony for relaxing and enjoying the outdoors. Additional updates include new windows, 2 new wall air conditioners, and fresh paint throughout. Gorgeous remodeled bathroom boasts custom tile work in the shower, , new vanity, light fixture & fan , and toilet. Convenient 1st floor laundry room with storage closet. Includes 2 outdoor parking spaces. Fantastic location close to shopping, restaurants, parks, schools, expressways, and more!

1321 N Baldwin Court Unit #3A, Palatine

1B E Dundee Quarter Drive Unit #104, Palatine

$164,900

2 Beds ⋅ 1 Baths ⋅ 12731389 MLS ⋅ ACTIVE Status

Great opportunity in Palatine's Windhaven / Dundee Quarter community! Open living and dining area layout featuring great natural light. Association covers heat, water, gas, exterior maintenance, scavenger, and use of the clubhouse.

1B E Dundee Quarter Drive Unit #104, Palatine

9B E Dundee Quarter Drive Unit #303, Palatine

$141,900

1 Beds ⋅ 1 Baths ⋅ 12714325 MLS ⋅ PRICE CHANGE Status

Move right into this beautifully updated 3rd-floor condo offering comfort, convenience, and exceptional value! Freshly painted throughout and featuring new luxury vinyl plank flooring, this bright and inviting 1-bedroom, 1-bath home is ready for its new owner. The kitchen is equipped with a refrigerator, stove, and dishwasher, all replaced in December 2025, making it perfect for everyday living. Enjoy a spacious living area filled with natural light and a generously sized bedroom with ample closet space. The third-floor location provides added privacy and peaceful views. Conveniently located just minutes from shopping centers, restaurants, parks, and major highways. Whether you're a first-time homebuyer or downsizing this move-in-ready condo is one you won't want to miss!

9B E Dundee Quarter Drive Unit #303, Palatine

Start Your Search

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 our company are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) 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 accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. 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.

Copyright 2026 MRED LLC. All rights reserved.

Based on information submitted to the MLS Grid as of . All data is obtained from various sources and has not been, and will not be, verified by broker or MLS Grid. MRED 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.

NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the DMCA) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Some listings have been excluded from this website.