Brilliant Real Estate
675 W Gilbert RD Active Save Request In-Person Tour Request Virtual Tour
Palatine,IL 60067
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Palatine Knolls
MLS Listing ID 12081703
Style Ranch
Full Baths 2
Annual Tax Amount $9,779
Tax Year 2023
Lot Size 1.040 Acres
Lot Dimensions 166X296X153X146X13X150
Property Description
This property is an incredible opportunity for builders, developers and investors; priced below its appraised value! A must-see parcel located in Palatine's Golden Corridor. This property boasts over an acre of picturesque landscape. Perfect for designing your dream build or develop two new homes. The 45,564 sq. ft. lot is currently zoned R-1 and can easily convert to R-2 for subdivision into two residential lots. The proposed subdivision could result in two half-acre lots, each measuring 77'x296' (22,856+/-sq ft) and 77'x296'x90'x296' (24,811+/-sq ft). City water and sewer are available on the south side of Gilbert, with the current home already connected to the city sewer, gas and electric. Highly sought-after location just blocks away from acclaimed Fremd High School District and Pleasant Hill Elementary. With the Metra Station only 1.5 miles away and quick access to Routes 53 and I90, you can easily reach O'Hare Airport, Downtown Chicago, local health services, shopping centers, restaurants, and Forest Preserves in every direction. Historic Downtown Palatine, just 1.5 miles away, offers a variety of shopping and dining options, as well as Farmers Markets and Town Festivals. Your family will be sure to love the close proximity to The Birchwood Rec Center with outdoor pool, picnic shelter, gymnasium, football and baseball/softball fields, tennis and basketball courts, playground, pre-school and much more. The nearby Palatine Senior Center offers programs and services which support Senior's and their families. Harper College, a renowned public community college, is also conveniently close. If it's outdoor enjoyment you seek, you will find Deer Grove Forest Preserve (3.5 miles), Palatine Prairie & Margreth Riemer Reservoir Park (1.4 miles). When location is key and land opportunities are scarce, don't miss out on this prime parcel in the desirable Palatine Knolls Subdivision
Location
State IL
County Cook
Area Palatine
Zoning SINGL
Rooms
Basement Full,Walkout
Interior
Heating Steam
Cooling Window/Wall Units - 2
Fireplaces Number 2
Fireplace Y
Laundry Gas Dryer Hookup
Exterior
Parking Features Detached
Utilities Available Electric to Site,Gas to Site,Sanitary Sewer,Water to Site,Well Private
Building
Dwelling Type Land
Structure Type Block
Schools
Elementary Schools Pleasant Hill Elementary School
Middle Schools Plum Grove Middle School
High Schools Wm Fremd High School
School District 15 ,15, 211
Others
Ownership Fee Simple
Special Listing Condition None