$999,995

724 S Plum Grove Road, Palatine, IL 60067

  • 5 beds |
  • 6 baths |
  • 7,592 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $132/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

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!

Listing Status:
Active
Listing Office:
Compass : 847-322-8827
Listing Agent:
Michael Mandile : 847-322-8827
MLS ID:
12503141
  • General: Vaulted Ceiling(s)1st Floor BedroomBuilt-in FeaturesOpen FloorplanSeparate Dining Room
  • Rooms: KitchenBonus RoomBedroom 5OfficeRecreation RoomSitting RoomStorage
  • Master Bath: Separate ShowerSoaking Tub
  • Dining: Combined w/ LivRm
  • Laundry: Main Level
  • Basement: FinishedPartial
  • Flooring: Hardwood
  • A/C: Central Air
  • Heating: Natural GasElectric
  • Fireplace: Gas LogGas StarterFireplaces: 4
  • Disability Feature: None
  • General: Balcony
  • Other Structures: WorkshopBarn(s)OutbuildingShed(s)
  • Parking: ConcreteOn SiteGarage OwnedDetachedDrivewayOwnedGarageParking spaces: 7
  • Windows: Skylight(s)
  • General: Coach HouseMulti-Level
  • HOA Amenities: Not Applicable
  • Originating MLS: mred
  • School District: 15
  • County: Cook
  • Zoning: 02224100080000
  • Water: Public
  • Sewer: Public Sewer
  • Source: mred
  • Ownership: Fee Simple

This listing courtesy of Michael Mandile, Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Wm Fremd High School

1000 S Quentin Rd, Palatine, IL, 60067

Grades 9-12

1.12 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.