39
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$1,200,000
Est. payment /mo
New
712 S Plum Grove RD Palatine, IL 60067
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Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12481119
Annual Tax Amount $25,263
Tax Year 2023
Lot Dimensions 273' x 98' x 98' x 135' x 196'
Property Sub-Type Land
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!
Location
State IL
County Cook
Area Palatine
Rooms
Basement Finished
Interior
Heating Natural Gas, Electric
Cooling Central Air
Fireplace N
Laundry In Unit
Exterior
Utilities Available Other
Building
Dwelling Type Land
Schools
Elementary Schools Pleasant Hill Elementary School
Middle Schools Plum Grove Middle School
High Schools Wm Fremd High School
School District 15 , 15, 211
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael Mandile of Compass