Homes for sale - 675 W Gilbert RD, Palatine, IL 60067

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Dorian James

dorian@dorianjames.com +1(309) 247-1604

$ 485,000

Est. payment | -/mo

2 Baths

1.04 Acres Lot

Save

$ 485,000

Est. payment | -/mo

Save

2 Baths

1.04 Acres Lot

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

Listed by Victoria Suthers • Keller Williams Success Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(309) 247-1604

dorian@dorianjames.com

1600 Hunt Dr, Normal, IL, 61761, USA

675 W Gilbert RD Palatine, IL 60067