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724 S Plum Grove Road Palatine, IL 60067

$899,999
Active / MLS# 12566677 / Residential - Single Family / Palatine
5 Beds
5 Baths
1 Half Bath
7592 SqFt

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!

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Baird & Warner Jeffrey Schwartz Email

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Estimated Payment

$ 4,611.33 per month $2,000.00 Principal & Interest $2,348.83 Property Tax $262.50 Homeowner's Insurance
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Property Details

Property Type: Residential - Single Family
Basement: Yes
Basement: Finished, Partial
Cooling: Central Air
Fireplaces: 4
Garage: 2
Heating: Natural Gas, Electric
Lot Size: 273.9x98.1x98.4x135.7x196.5
Taxes: $28,186

Amenities

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

Feature Descriptions

Additional rooms: Kitchen, Bonus Room, Bedroom 5,Office, Recreation Room, Sitting Room, Storage
Additional Structures: Workshop, Barn(s), Outbuilding, Shed(s)
Association Includes: None
Bath Features: Separate Shower, Soaking Tub
Dining Room: Combined w/ LivRm
Exterior: Vinyl Siding, Brick
Fireplace: Gas Log, Gas Starter
Fireplace Location(s): Family Room, Living Room, Loft, Dining Room
Laundry: Main Level
Lot: Level
Lot Dimensions: 273.9x98.1x98.4x135.7x196.5
Parcel#: 02224100080000
Parking: Concrete, Yes, Garage Owned, Detached, Driveway, Owned, Garage
Sewer: Public Sewer
Total Rooms: 14
Township: Palatine
Water: Public

Room Information

Bedroom 5: 11X13
Office: 17X21
Bonus Room: 19X22
Storage: 8X7
Kitchen- 2nd: 13X10
Sitting Room: 11X23
Kitchen- 2nd: 12X11
Bonus Room: 17X12
Recreation Room: 30X23
Recreation Room: 18X26
Bedroom 2: 11X17
Bedroom 3: 7X17
Bedroom 4: 18X13
Dining Room: 12X11
Family Room: 32X47
Kitchen: 16X23
Laundry: 11X7
Living Room: 26X47
Primary Bedroom: 20X18

Schools

High School: Wm Fremd High School
Middle School: Plum Grove Middle School
Elementary School: Pleasant Hill Elementary School
School District: District 211

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: Compass

Listing Office Phone: 773-482-1917



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