724 S Plum Grove Road
Palatine, IL, 60067 $ 999,995
Bedrooms5 Baths5.1 Sq 7,592 Monthly Estimate*
$ 6,157
for $999,995 with 5 bedrooms and 5 full baths, 1 half bath. This home is 7,592 square feet.
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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FeaturesGeneralLiving Area 7592
Sewer Public Sewer
Heating Natural Gas Electric
Cooling Central Air
Possession Closing
Garage Spaces 2
Association Fee Includes None
Construction Materials Vinyl Siding Brick
Township Palatine
Tax Year 2023
Ownership Fee Simple
Additional Parcels Description 02224100150000
Assoc Fee Paid Per Not Applicable
County Cook
New Construction N
Property Type Residential Detached Single
Other Structures Workshop Barn(s) Outbuilding Shed(s)
Total Rooms 14
Full Baths 5
Status Active
Directions Plum Grove Rd North or South to West Michigan Ave
High School Wm Fremd High School
City Palatine
High School District 211
MLS Area Palatine
Elementary School Pleasant Hill Elementary School
Tax Annual Amount 25263.42
Middle/Junior High School Plum Grove Middle School
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 15
Elementary School District 15
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InteriorInterior Amenities Vaulted Ceiling(s) 1st Floor Bedroom Built-in Features Open Floorplan Separate Dining Room
Basement Finished Partial
Flooring Hardwood
Total Fireplaces 4
Fireplace Features Gas Log Gas Starter
Half Baths 1
Laundry Features Main Level
Total Bedrooms 5
Room Type Kitchen Bonus Room Bedroom 5 Office Recreation Room Sitting Room Storage
Total Baths 6
Bedrooms Possible 5
Bathroom Separate Shower Soaking Tub
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ExteriorExterior Amenities Balcony
Parking Features Concrete Yes Garage Owned Detached Driveway Owned Garage
Lot Features Level
Water Source Public
Total Parking 7
Lot Dimensions 273.9x98.1x98.4x135.7x196.5
Waterfront Y/N N
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* Excluded FeaturesList Bymichael@themlpg.com;info@themlpg.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,157
- Monthly Property Taxes
- $2,105
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Palatine, IL
Average List Price $706,577
Percent of Sale Price 29%
About Palatine, IL 67,137 Population
2% Since 2002
$ 76,021 Median Income
39.39 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
565144 Elementary School
4711538 Middle School
Wm Fremd High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/24/2025 | $999,995 | | Listed Price |