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$1,200,000

Est. payment - /mo

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5 Beds

5.5 Baths

7,592 SqFt

New

724 S Plum Grove RD Palatine, IL 60067

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Dennis & Karen

dennis@soldbydennis.net +1(219) 213-3346

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Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 7,592 sqft

Price per Sqft $158

MLS Listing ID 12440367

Bedrooms 5

Full Baths 5

Half Baths 1

Annual Tax Amount $25,263

Tax Year 2023

Lot Dimensions 273.9x98.1x98.4x135.7x196.5

Property Sub-Type Detached Single

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, Partial

Interior

Interior Features Vaulted Ceiling(s), 1st Floor Bedroom, Built-in Features, Open Floorplan, Separate Dining Room

Heating Natural Gas, Electric

Cooling Central Air

Flooring Hardwood

Fireplaces Number 4

Fireplaces Type Gas Log, Gas Starter

Fireplace Y

Laundry Main Level

Exterior

Exterior Feature Balcony

Garage Spaces 2.0

Building

Lot Description Level

Dwelling Type Detached Single

Building Description Vinyl Siding,Brick, Yes

Sewer Public Sewer

Water Public

Level or Stories Coach House, Multi-Level

Structure Type Vinyl Siding,Brick

New Construction false

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

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None

Listed by Michael Mandile of Compass

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Dennis & Karen

Agent

+1(219) 213-3346

FIND YOUR NEW HOME WITH

THE DENNIS SCHERER

REAL ESTATE TEAM

724 S Plum Grove RD Palatine, IL 60067

Dennis & Karen

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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724 S Plum Grove RD