IN Clause with NULL or IS NULL

An in statement will be parsed identically to field=val1 or field=val2 or field=val3. Putting a null in there will boil down to field=null which won't work.

(Comment by Marc B)

I would do this for clairity

SELECT *
FROM tbl_name
WHERE 
(id_field IN ('value1', 'value2', 'value3') OR id_field IS NULL)

Your query fails due to operator precedence. AND binds before OR!
You need a pair of parentheses, which is not a matter of "clarity", but pure logic necessity.

SELECT *
FROM   tbl_name
WHERE  other_condition = bar
AND    another_condition = foo
AND   (id_field IN ('value1', 'value2', 'value3') OR id_field IS NULL);

The added parentheses prevent AND binding before OR. If there were no other WHERE conditions (no AND) you would not need additional parentheses. The accepted answer is misleading in this respect.