Property Description
Welcome to this property located in Palatine, IL. featuring 5 bedrooms, 6 bathrooms, 7,592 square feet of living space. this home is offered at $899,999.
Investors, developers, and visionaries, this is your chance to unlock endless potential in the heart of Palatine with two prime parcels being sold together as one extraordinary opportunity. Whether you’re looking to build single-family homes or townhomes, convert into a rental property, or create a unique live/work compound, this offering delivers unmatched flexibility, pending Village approval. The vacant lot at 712 S Plum Grove Rd sits on an extra-wide parcel surrounded by mature trees, offering coveted Michigan Avenue frontage and the possibility of changing the official address to match. Just next door, 724 S Plum Grove Rd features a sprawling 5-bedroom, 5-bathroom home with over 7,500 square feet of versatile living space. Previously used as a live/work setup and once home to a business, the property’s expansive floor plan opens the door for future rental income, multigenerational living, or continued business use. Inside, you’ll find soaring vaulted ceilings, oversized living and entertaining areas, multiple offices and dens, ensuite bedrooms, a spacious kitchen and dining area, and a stunning primary suite with large closets and a generous bath. Unique architectural features like spiral staircases, fireplaces, and custom nooks add charm and character, while private patios and peaceful outdoor areas round out the property. Perfectly positioned near Fremd High School, Plum Grove Middle School, Highway 53/90, the Metra, O’Hare Airport, Woodfield Mall, and Downtown Palatine, this one-of-a-kind compound is surrounded by upscale homes and continued development. Whether you’re looking to live, invest, or build, this high-potential opportunity is priced to move and won’t last long. Make it yours today!
The interior boasts vaulted ceiling(s), 1st floor bedroom, built-in features, open floorplan, separate dining room. The home includes 4 fireplaces. Climate control includes natural gas, electric heating and central air cooling. A finished, partial basement provides additional space.
The property sits on a 273.9×98.1×98.4×135.7×196.5 lot. with 7 parking spaces (concrete, yes, garage owned, detached, driveway, owned, garage). Outdoor living spaces include deck, patio, porch.
Utilities include public water and public sewer sewer.
Located in Cook County. students will attend Pleasant Hill Elementary School Elementary, Plum Grove Middle School Middle, Wm Fremd High School High School.
Annual property taxes are $28,187 (as of 2023).
- Principal and Interest
- Property Tax
- HOA fee
