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  3. Palatine, IL
  4. /
  5. 516 N Wilke Rd
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516 N Wilke Rd

516 N Wilke, Palatine, IL, 60074
Lake Louise Condominiums

YEAR BUILT

1973

# STORIES

2

# TOTAL UNITS

7

UNIT SIZE RANGE

850-1,200 sqft

Description

The building at 516 N Wilke Rd sits in the Lake Louise community of Palatine. This low-rise structure has 2 stories and includes 7 units. Constructed in 1973, it balances comfort and practicality nicely. Unit sizes range from 850 to 1,200 square feet. The asking prices for these units fall between $215,000 and $230,000. The average price per square foot is about $207 based on recent sales. For the past year, the average closed price stood at $185,000. Homes here spent an average of 32 days on the market, offering time for consideration. Day-to-day life here offers valuable amenities. Residents can enjoy access to a fitness room, an in-ground pool, and bike trails. Pets are welcome too, adding to the friendly atmosphere. Having private laundry hookups enhances the comfort of each unit. Nearby, the neighborhood has plenty to offer. Lake Louise Elementary School is just a short distance away. The Wilke Marsh Nature Preserve is also close by, perfect for nature lovers. The downtown areas of Palatine and Arlington Heights provide dining and shopping options, keeping conveniences close at hand. Traveling is straightforward due to easy access to IL-53 and nearby Metra stations. Living here makes reaching multiple highways and services a breeze. Overall, this building provides a peaceful environment with a sense of community, ideal for those seeking balance between indoor comfort and outdoor adventure.

Building ImageMLS ID #12345840
Building ImageMLS ID #12158655
Building Image
Building ImageView Listing

516 N Wilke Rd

516 N Wilke, Palatine, IL, 60074


Lake Louise Condominiums

YEAR BUILT

1973

# STORIES

2

# TOTAL UNITS

7

UNIT SIZE RANGE

850-1,200 sqft

Description

The building at 516 N Wilke Rd sits in the Lake Louise community of Palatine. This low-rise structure has 2 stories and includes 7 units. Constructed in 1973, it balances comfort and practicality nicely. Unit sizes range from 850 to 1,200 square feet. The asking prices for these units fall between $215,000 and $230,000. The average price per square foot is about $207 based on recent sales. For the past year, the average closed price stood at $185,000. Homes here spent an average of 32 days on the market, offering time for consideration. Day-to-day life here offers valuable amenities. Residents can enjoy access to a fitness room, an in-ground pool, and bike trails. Pets are welcome too, adding to the friendly atmosphere. Having private laundry hookups enhances the comfort of each unit. Nearby, the neighborhood has plenty to offer. Lake Louise Elementary School is just a short distance away. The Wilke Marsh Nature Preserve is also close by, perfect for nature lovers. The downtown areas of Palatine and Arlington Heights provide dining and shopping options, keeping conveniences close at hand. Traveling is straightforward due to easy access to IL-53 and nearby Metra stations. Living here makes reaching multiple highways and services a breeze. Overall, this building provides a peaceful environment with a sense of community, ideal for those seeking balance between indoor comfort and outdoor adventure.

Next

Description

The building at 516 N Wilke Rd sits in the Lake Louise community of Palatine. This low-rise structure has 2 stories and includes 7 units. Constructed in 1973, it balances comfort and practicality nicely. Unit sizes range from 850 to 1,200 square feet. The asking prices for these units fall between $215,000 and $230,000. The average price per square foot is about $207 based on recent sales. For the past year, the average closed price stood at $185,000. Homes here spent an average of 32 days on the market, offering time for consideration. Day-to-day life here offers valuable amenities. Residents can enjoy access to a fitness room, an in-ground pool, and bike trails. Pets are welcome too, adding to the friendly atmosphere. Having private laundry hookups enhances the comfort of each unit. Nearby, the neighborhood has plenty to offer. Lake Louise Elementary School is just a short distance away. The Wilke Marsh Nature Preserve is also close by, perfect for nature lovers. The downtown areas of Palatine and Arlington Heights provide dining and shopping options, keeping conveniences close at hand. Traveling is straightforward due to easy access to IL-53 and nearby Metra stations. Living here makes reaching multiple highways and services a breeze. Overall, this building provides a peaceful environment with a sense of community, ideal for those seeking balance between indoor comfort and outdoor adventure.

516 N Wilke Rd Key Stats Last 12 months

Avg. Listed Price$187,500($210/Sqft.)
Avg. Sale Price$185,000($207/Sqft.)
Year over year list priceDown Arrow14.97%
Year over year sale priceDown Arrow 16.85%
Total Listings2 Listed
Total sold2 Sold
Average Days on Market32 days
Average HOA fees per sqft$3 /monthly
Next

Key Stats

Year over year list priceDown Arrow14.97%
Year over year sale priceDown Arrow16.85%
Total Listings2 Listed
Total sold2 Sold
Average Days on Market32 days
Average HOA fees per sqft$3 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Medium
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

516 N Wilke Rd Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 20520585011472025-06-11
MLS#: 12345840 		Closed$185,000
Unit 106106120022412024-10-28
MLS#: 12158655 		Closed$215,000
Unit 201201110022432024-05-31
MLS#: 12032343 		Closed$230,000
Unit 106
106

2 Beds

2 Baths

1200 sqft

DateStatusPrice
2024-10-28Closed$215,000
MLS#: 12158655
Days On Market41
Unit 201
201

2 Beds

2 Baths

1100 sqft

DateStatusPrice
2024-05-31Closed$230,000
MLS#: 12032343
Days On Market43
Unit 205
205

1 Beds

1 Baths

850 sqft

DateStatusPrice
2025-06-11Closed$185,000
MLS#: 12345840
Days On Market47
View Complete Unit Listing HistorySource By: MRED

Amenities

Imagine enjoying your mornings with a vibrant exercise routine, thanks to the well-equipped exercise room on-site. When it's time to unwind, dive into the inviting in-ground pool or take a leisurely bike ride along nearby trails. The condo also features convenient private laundry hookups, ensuring that you have the comforts of home right at your fingertips. Plus, for those who love the outdoors, a nearby park offers a serene space to relax or enjoy some fun under the sun.

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Amenities Description

Imagine enjoying your mornings with a vibrant exercise routine, thanks to the well-equipped exercise room on-site. When it's time to unwind, dive into the inviting in-ground pool or take a leisurely bike ride along nearby trails. The condo also features convenient private laundry hookups, ensuring that you have the comforts of home right at your fingertips. Plus, for those who love the outdoors, a nearby park offers a serene space to relax or enjoy some fun under the sun.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Central AC
Central AC
Pool
Pool
Check Icon
Fitness Center
Fitness Center
Check Icon
Visitors Parking
Visitors Parking
Next

Amenities

Exercise Room

Exercise Room

Pool

Pool

In Ground Pool

In Ground Pool

Security Door Lock(s)

Security Door Lock(s)

Private Laundry Hkup

Private Laundry Hkup

Patio

Patio

Bike Room/Bike Trails

Bike Room/Bike Trails

Balcony

Balcony

Policies

Rest assured, 516 N Wilke Rd is pet-friendly, allowing cats and dogs to accompany you in your new home. However, bear in mind there are some guidelines concerning the number and size of pets allowed. This friendly policy is perfect for new homeowners with furry companions who want to enjoy every moment in their stylish abode.

Pet Allowed
Check
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
516 N Wilke Rd$207/sqft.$3 /sqft.
Lake Louise Condominiums$218/sqft.$3 /sqft.
Lake Louise Condominiums$220/sqft.$3 /sqft.
1515 E Churchill Dr$220/sqft.$3 /sqft.
1501 E Churchill Dr$184/sqft.$4 /sqft.
430 N Wilke Dr$175/sqft.$3 /sqft.

Nearby Schools

Situated in , 516 N Wilke Rd is surrounded by schools within a 2-mile radius. Nearby educational options simplify school commutes and daily schedules. Families enjoy improved convenience and accessibility. This well-connected area supports long-term residential living.

Lake Louise Elementary School

C-
Public|Grades PK–6
500 N Jonathan Dr|0.12 miles away

Greenbrier Elementary School

A+
Public|Grades PK–5
2330 N Verde Dr|0.36 miles away

St Thomas of Villanova School

--
Private|Grades PK–8
1141 E Anderson Dr|0.54 miles away

Jane Addams Elementary School

D
Public|Grades PK–6
1020 E Sayles Dr|0.71 miles away

Patton Elementary School

A
Public|Grades KG–5
1616 N Patton Ave|0.98 miles away

Winston Campus Elementary School

B+
Public|Grades PK–6
900 E Palatine Rd|0.99 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

Situated in , 516 N Wilke Rd is surrounded by schools within a 2-mile radius. Nearby educational options simplify school commutes and daily schedules. Families enjoy improved convenience and accessibility. This well-connected area supports long-term residential living.

Lake Louise Elementary School

C-
Public|Grades PK–6
500 N Jonathan Dr|Less than 1 Mile Away

Greenbrier Elementary School

A+
Public|Grades PK–5
2330 N Verde Dr|Less than 1 Mile Away

St Thomas of Villanova School

--
Private|Grades PK–8
1141 E Anderson Dr|Less than 1 Mile Away

Jane Addams Elementary School

D
Public|Grades PK–6
1020 E Sayles Dr|Less than 1 Mile Away

Patton Elementary School

A
Public|Grades KG–5
1616 N Patton Ave|Less than 1 Mile Away

Winston Campus Elementary School

B+
Public|Grades PK–6
900 E Palatine Rd|Less than 1 Mile Away

Winston Campus Jr High School

D+
Public|Grades 7–8
120 N Babcock Dr|1.00 Miles Away

Virginia Lake Elementary School

D
Public|Grades PK–6
925 N Glenn Dr|1.05 Miles Away

Edgar a Poe Elementary School

B-
Public|Grades KG–5
2800 N Highland Av...|1.14 Miles Away

Palatine High School

B
Public|Grades 9–12
1111 N Rohlwing Rd|1.23 Miles Away

Chicago Futabakai Japanese School

--
Private|Grades PK–9
2550 N Arlington H...|1.26 Miles Away

New Connection's Academy

--
Private|Grades 1–12
865 E Wilmette Rd ...|1.37 Miles Away

Bright Horizons

--
Private|Grades PK–KG
3523 N Kennicott A...|1.51 Miles Away

Gray M Sanborn Elementary School

C-
Public|Grades PK–6
101 N Oak St|1.73 Miles Away

Lincoln Elementary School

C-
Public|Grades KG–6
1021 N Ridgewood L...|1.74 Miles Away

Ivy Hill Elementary School

A
Public|Grades KG–5
2211 N Burke Dr|1.75 Miles Away

St Theresa Elementary School

--
Private|Grades PK–8
445 N Benton St|1.80 Miles Away

Thomas Middle School

B
Public|Grades 6–8
1430 N Belmont Ave|1.82 Miles Away

Buffalo Grove High School

A-
Public|Grades 9–12
1100 W Dundee Rd|1.83 Miles Away

Quest Academy

--
Private|Grades PK–8
500 N Benton St|1.85 Miles Away

Quest Academy

--
Private|Grades PK–8
500 N Benton St|1.85 Miles Away

St Peter Lutheran School

--
Private|Grades PK–8
111 W Olive St|1.85 Miles Away

Olive-Mary Stitt School

B
Public|Grades KG–5
303 E Olive St|1.99 Miles Away

Transit

Located in a transit-friendly area of Palatine, 516 N Wilke Rd provides easy access to nearby public transportation. Within a 2-mile radius, Rail, Bus support smooth and efficient travel. Reliable transit connectivity improves commuting experiences. This location promotes accessibility and urban convenience.

Arlington Park

1.69 miles away|33 min walk

Dundee/1130 W Dundee

1.47 miles away|29 min walk

Dundee/1141 Dundee

1.47 miles away|29 min walk

Dundee/Arlington Heights

1.73 miles away|34 min walk

Dundee/Baldwin

1.41 miles away|27 min walk

Dundee/Buffalo Grove High School Traffic Signal

1.83 miles away|36 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Located in a transit-friendly area of Palatine, 516 N Wilke Rd provides easy access to nearby public transportation. Within a 2-mile radius, Rail, Bus support smooth and efficient travel. Reliable transit connectivity improves commuting experiences. This location promotes accessibility and urban convenience.

Arlington Park

1.69 miles away|33 min walk

Dundee/1130 W Dundee

1.47 miles away|29 min walk

Dundee/1141 Dundee

1.47 miles away|29 min walk

Dundee/Arlington Heights

1.73 miles away|34 min walk

Dundee/Baldwin

1.41 miles away|27 min walk

Dundee/Buffalo Grove High School Traffic Signal

1.83 miles away|36 min walk

Dundee/Frontage/Kennedy

1.36 miles away|27 min walk

Dundee/Grove

1.61 miles away|31 min walk

Dundee/Kennedy/Frontage

1.37 miles away|27 min walk

Dundee/Kennicott

1.44 miles away|28 min walk

Dundee/Old Arlington Heights

1.87 miles away|36 min walk

Dundee/Ridge

1.52 miles away|30 min walk

Dundee/Trace

1.57 miles away|31 min walk

Dundee/Wilke

1.37 miles away|27 min walk

Rand/1585 Rand

1.41 miles away|28 min walk

Rand/1586 N Rand

1.49 miles away|29 min walk

Rand/975 Dundee

1.54 miles away|30 min walk

Rand/Baldwin

1.04 miles away|20 min walk

Rand/Claremont/Long Valley

0.88 miles away|17 min walk

Rand/Evergreen

1 miles away|20 min walk

Rand/Frontage

0.75 miles away|15 min walk

Rand/Geneva

0.91 miles away|18 min walk

Rand/Long Valley

0.87 miles away|17 min walk

Rand/Port O Call (E)

0.95 miles away|19 min walk

Rand/Randville

1.19 miles away|23 min walk

Rand/Turtle Creek/Evergreen

1 miles away|20 min walk

Rand/Wilke

0.83 miles away|16 min walk

Rand/Williams

1.07 miles away|21 min walk

Rand/Williams/Baldwin

1.09 miles away|21 min walk

Rand/Winslowe

1.3 miles away|25 min walk

The Neighbourhood: 516 N Wilke Rd

Similar Buildings Nearby

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Lake Louise Condominiums
516 N Wilke Road, Palatine, IL
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Lake Louise Condominiums
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432 N Wilke Rd
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Greenbrier Condominiums
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Lake Louise Condominiums
516 N Wilke Road, Palatine, IL
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Lake Louise Condominiums
432 N Wilke Road, Palatine, IL
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516 N Wilke Rd Demographics

Age Demographics

0–14 Years

20.34%

15–29 Years

15.94%

30–44 Years

23.79%

45–59 Years

18.6%

60+ Years

21.32%

Commute

3.81%

Transit

0.47%

Walk

79.91%

Drive

1.42%

Bike

Housing Ownership

65.16%

Owner Occupied

34.84%

Rental Units

Household Types

Single Family
32.14%
Multi Family
5.85%
Single Person
29.35%
Multi Person
70.65%

Average Income

Household:$10,308,622.48 /yr

Individual:$4,854,706.75 /yr

Education

Bachelors Degree32.68%
High School College14.8%
Diploma7.54%
Post Graduate20.83%
Others24.15%
Next

Education

Diploma7.54%
Post Graduate20.83%
Others24.15%
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  1. Home
  2. /Palatine, IL
  3. /
    516 N Wilke Rd
Nearby Cities
Steger
Buildings
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432 N Wilke Rd
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516 N Wilke Rd
910 W Alleghany Dr
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Lake Louise Condominiums
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