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 Courtesy of: Compass
Details
Updated on October 1, 2025 at 4:09 pm- Property ID: MRD12481119
- Price: $1,200,000
- Property Type: Land
- Property Status: Active
- Parcel Number: 02224100150000
- Days On Market: 6
- Basement Bath(s): No
- AdditionalParcelsYN: 1
- Cumulative Days On Market: 6
- Tax Annual Amount: 2105.29
- Cooling: Central Air
- Parking Features: Concrete
- Directions: Plum Grove Rd North or South to West Michigan Ave
- Elementary School: Pleasant Hill Elementary School
- Middle Or Junior School: Plum Grove Middle School
- High School: Wm Fremd High School
- Township: Palatine
- CurrentUse: Single Family
- FrontageLength: 999
- FrontageType: City Street
- Utilities: Other
Address
Open on Google Maps- Address 712 S Plum Grove
- City Palatine
- State/county IL
- Zip/Postal Code 60067
- Country Cook
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