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!
Active
$999,995
724 S Plum Grove Rd, Palatine, IL 60067
5beds
7,592sqft
Est.:
Single Family Residence
Built in ----
-- sqft lot
$969,400 Zestimate®
$132/sqft
$-- HOA
What's special
Extra-wide parcelMichigan avenue frontageEnsuite bedroomsGenerous bathMature treesStunning primary suitePrivate patios
- 93 days |
- 2,805 |
- 74 |
Zillow last checked: 8 hours ago
Listing updated: December 18, 2025 at 02:20am
Listing courtesy of:
Michael Mandile 847-322-8827,
Compass,
Tim Lorimer,
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12503141
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Rooms
- Room types: Kitchen, Bonus Room, Bedroom 5, Office, Recreation Room, Sitting Room, Storage
Primary bedroom
- Features: Bathroom (Full)
- Level: Second
- Area: 360 Square Feet
- Dimensions: 20X18
Bedroom 2
- Level: Main
- Area: 187 Square Feet
- Dimensions: 11X17
Bedroom 3
- Level: Main
- Area: 119 Square Feet
- Dimensions: 7X17
Bedroom 4
- Level: Second
- Area: 234 Square Feet
- Dimensions: 18X13
Bedroom 5
- Level: Second
- Area: 143 Square Feet
- Dimensions: 11X13
Bonus room
- Level: Main
- Area: 418 Square Feet
- Dimensions: 19X22
Bonus room
- Level: Third
- Area: 204 Square Feet
- Dimensions: 17X12
Dining room
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Family room
- Level: Main
- Area: 1504 Square Feet
- Dimensions: 32X47
Kitchen
- Features: Kitchen (Eating Area-Table Space, Island, Pantry-Walk-in)
- Level: Main
- Area: 368 Square Feet
- Dimensions: 16X23
Kitchen 2nd
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13X10
Kitchen 2nd
- Level: Second
- Area: 132 Square Feet
- Dimensions: 12X11
Laundry
- Level: Main
- Area: 77 Square Feet
- Dimensions: 11X7
Living room
- Level: Main
- Area: 1222 Square Feet
- Dimensions: 26X47
Office
- Level: Main
- Area: 357 Square Feet
- Dimensions: 17X21
Recreation room
- Level: Basement
- Area: 468 Square Feet
- Dimensions: 18X26
Recreation room
- Level: Basement
- Area: 690 Square Feet
- Dimensions: 30X23
Sitting room
- Level: Second
- Area: 253 Square Feet
- Dimensions: 11X23
Storage
- Level: Main
- Area: 56 Square Feet
- Dimensions: 8X7
Heating
- Natural Gas, Electric
Cooling
- Central Air
Appliances
- Laundry: Main Level
Features
- Vaulted Ceiling(s), 1st Floor Bedroom, Built-in Features, Open Floorplan, Separate Dining Room
- Flooring: Hardwood
- Windows: Skylight(s)
- Basement: Finished,Partial
- Number of fireplaces: 4
- Fireplace features: Gas Log, Gas Starter, Family Room, Living Room, Loft, Dining Room
Interior area
- Total structure area: 7,312
- Total interior livable area: 7,592 sqft
Property
Parking
- Total spaces: 7
- Parking features: Concrete, Yes, Garage Owned, Detached, Driveway, Owned, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Patio & porch: Deck, Patio, Porch
- Exterior features: Balcony
Lot
- Dimensions: 273.9x98.1x98.4x135.7x196.5
- Features: Level
Details
- Additional structures: Workshop, Barn(s), Outbuilding, Shed(s)
- Additional parcels included: 02224100150000
- Parcel number: 02224100080000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Brick
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Services included: None
Location
- Region: Palatine
Financial & listing details
- Price per square foot: $132/sqft
- Tax assessed value: $754,600
- Annual tax amount: $25,263
- Date on market: 10/24/2025
- Ownership: Fee Simple
Estimated market value
$969,400
$921,000 - $1.02M
$5,623/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2025 | Listed for sale | $999,995-16.7%$132/sqft |
Source:  MRED as distributed by MLS GRID #12503141 Report a problem | ||
| 10/24/2025 | Listing removed | $1,200,000$158/sqft |
Source: MRED as distributed by MLS GRID #12440367 Report a problem | ||
| 9/22/2025 | Listed for sale | $1,200,000+50%$158/sqft |
Source: MRED as distributed by MLS GRID #12440367 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/26/2019 | Listing removed | $1,300 |
Source: Owner Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $22,340 +3.4% | $75,460 |
| 2022 | $21,612 +16.1% | $75,460 +1.3% |
| 2021 | $18,613 +4% | $74,523 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$6,832/mo
Principal & interest
$4824
Property taxes
$1658
Home insurance
$350
Climate risks
Neighborhood: 60067
Nearby schools
GreatSchools rating
- 6/10Pleasant Hill Elementary SchoolGrades: K-6Distance: 0.5 mi
- 6/10Plum Grove Jr High SchoolGrades: 7-8Distance: 1 mi
- 10/10Wm Fremd High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Pleasant Hill Elementary School
- Middle: Plum Grove Middle School
- High: Wm Fremd High School
- District: 15
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.
