Attention Developers!! Great 2.35-acre residential lot for sale, Exceptional Location, Outstanding opportunity. The lot is 102,352.03 SQ FT, R2 Zoning, 164.4 SQ FT of Arlington Heights Road, Many mature trees, beautifully wooded. Put up your dream home or redevelop with a zoning change, Leave as is or build new, just south of the intersection of Arlington Heights Road and Thompson Blvd, Just north of Route 83. Directly across from the Montessori World of Discovery school and Jaycee's Bicentennial Park and Adjacent to the Life on the Vine. The lot currently has a single-family home and several small garages, Use your own builder. Located on quiet street, Close to Schools, Parks, Shopping, Retail, Grocery, Restaurant's. Price is Negotiable, Please call Listing broker for all showings, Do not walk the property without the listing broker,
Active
Price cut: $650K (2/3)
$1,750,000
5107 N Arlington Heights Rd, Long Grove, IL 60047
--beds
--baths
2.35Acres
Unimproved Land
Built in ----
2.35 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 382 days |
- 231 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: February 08, 2026 at 10:07pm
Listing courtesy of:
Michael Levin 312-337-0200,
@properties Commercial
Source: MRED as distributed by MLS GRID,MLS#: 12301599
Facts & features
Interior
Video & virtual tour
Property
Parking
- Parking features: Gravel
Features
- Frontage type: Paved
- Frontage length: 164.4
Lot
- Size: 2.35 Acres
- Dimensions: 164.45X622.39
Details
- Parcel number: 15302030070000
- Zoning: SINGL
- Special conditions: List Broker Must Accompany
Utilities & green energy
- Utilities for property: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Community & HOA
Location
- Region: Long Grove
Financial & listing details
- Tax assessed value: $408,475
- Annual tax amount: $12,078
- Date on market: 3/2/2025
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt, Concrete
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/3/2026 | Price change | $1,750,000-27.1% |
Source:  MRED as distributed by MLS GRID #12301599 Report a problem | ||
| 3/2/2025 | Price change | $2,400,000-22.6% |
Source: MRED as distributed by MLS GRID #12301599 Report a problem | ||
| 9/13/2024 | Listed for sale | $3,100,000 |
Source: MRED as distributed by MLS GRID #12159572 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $11,854 -1.9% | $144,287 +6% |
| 2022 | $12,078 +3.5% | $136,145 +0.4% |
| 2021 | $11,667 +2.3% | $135,616 +0.7% |
| 2020 | $11,406 +2.6% | $134,611 +0.4% |
| 2019 | $11,112 +10.9% | $134,115 +4.3% |
| 2018 | $10,021 | $128,559 +2.4% |
| 2017 | $10,021 +6.7% | $125,558 +4.4% |
| 2016 | $9,393 -9.3% | $120,231 +6.9% |
| 2015 | $10,352 +1.7% | $112,439 -1.7% |
| 2014 | $10,181 +1% | $114,431 -0.2% |
| 2012 | $10,077 +2% | $114,660 -9.5% |
| 2011 | $9,883 +1.7% | $126,632 -7.5% |
| 2010 | $9,720 +2.5% | $136,932 -5.3% |
| 2009 | $9,479 -2.7% | $144,520 -4% |
| 2008 | $9,742 +5.5% | $150,491 +4.2% |
| 2006 | $9,233 +1.7% | $144,467 |
| 2005 | $9,080 +7.7% | -- |
| 2004 | $8,433 +14.1% | -- |
| 2003 | $7,388 +7.8% | -- |
| 2002 | $6,856 +5.7% | -- |
| 2001 | $6,484 +8% | $100,844 +7% |
| 2000 | $6,005 | $94,286 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Neighborhood: 60047
Nearby schools
GreatSchools rating
- 10/10Prairie Elementary SchoolGrades: 1-5Distance: 0.6 mi
- 8/10Twin Groves Middle SchoolGrades: 6-8Distance: 1.5 mi
- 10/10Adlai E Stevenson High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- High: Adlai E Stevenson High School
- District: 96
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 60047
- Illinois
- Lake County
- Long Grove
- 60047
- 5107 N Arlington Heights Rd
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