5280 Old Plum Grove Road
Palatine, IL, 60067 $ 595,995
Bedrooms-- Baths0.0 Monthly Estimate*
$ 4,116
for $595,995. The lot size is 1.25.
LAND, LOCATION & POTENTIAL! RARE 1.25-ACRE REDEVELOPMENT / REHAB OPPORTUNITY in a sought-after Palatine / Rolling Meadows location! Set among mature trees and natural greenery along Salt Creek, this private, expansive property offers a rare opportunity to renovate the existing residence, reimagine the property, or explore the possibilities of creating a custom dream home in a secluded, wooded setting. The existing residence features 4 bedrooms, 3.5 bathrooms, and over 4,000 square feet of living space, with generous room sizes, multiple living and entertaining areas, and a distinctive floor plan ready for transformation. The home is being sold AS-IS and requires renovation, presenting an exceptional opportunity for a buyer, builder, or investor with vision. Currently serviced by a private well and septic system, with municipal water and sewer available at the street. Enjoy an uncommon combination of acreage, privacy, and natural surroundings while remaining conveniently close to major transportation routes, shopping, dining, and recreation. Located within the highly regarded Fremd High School and Plum Grove Middle School attendance areas, offering access to excellent educational opportunities. Just minutes from Route 53, I-90, downtown Palatine, Metra commuter access, Woodfield Mall, Schaumburg's premier shopping and entertainment destinations, Costco, Trader Joe's, Whole Foods, restaurants, golf courses, parks, and recreation. Opportunities like this are increasingly hard to find. Bring your vision and explore the possibilities this exceptional property has to offer. Renovate. Reimagine. Redevelop. Property is being sold AS-IS.
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FeaturesGeneralHeating Gas Forced Air
Cooling Central Air
Utilities Electric to Site Natural Gas Available
Possession Closing
Township Palatine
Tax Year 2025
Current Use Single Family
Ownership Fee Simple
Additional Parcels Description 02342000040000
County Cook
Property Type Land Land
Status New
Directions Plum Grove Rd S of Euclid to Old Plum Grove Rd. W to 5280
High School Wm Fremd High School
City Palatine
High School District 211
MLS Area Palatine
Tax Annual Amount 22457.03
Middle/Junior High School Plum Grove Middle School
Additional Parcels Y/N Y
Virtual Tour https://real.vision/5280-old-plum-grove-road?o=u
Standard Status Active
Middle/Junior School District 15
Elementary School District 15
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InteriorBasement None
Laundry Features Gas Dryer Hookup Electric Dryer Hookup In Unit
Total Baths 0
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ExteriorParking Features Concrete
Total Parking 0
Lot Dimensions 312.6x49.9x389.8x290.1
Lot Size Acres 1.25
Road Surface Type Concrete
Frontage Length 290.1
Frontage Type Public Road
Waterfront Y/N Y
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* Excluded FeaturesList Bymichael@themlpg.com;info@themlpg.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,116
- Monthly Property Taxes
- $1,871
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 NearbyLots and land listings in Palatine, IL
Average List Price $372,890
Percent of Sale Price 37%
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.
565123 Elementary School
4711538 Middle School
Wm Fremd High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/2/2026 | $595,995 | | Listed Price |