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
Property Type
LandSubdivision
Palatine KnollsCounty
CookStyle
RanchAD ID
46196176
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Property Details
-
Interior Features
Bedroom Information
- Total Bedroom: 5
Bathroom Information
- Total Baths: 2
- Full Baths: 2
Flooring Information
- Construction Materials: Block
Heating & Cooling
- Heating: Steam
- Cooling: Window/Wall Units - 2
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Property / Lot Details
Lot Information
- Lot Dimensions: 166X296X153X146X13X150
- Lot Acres: 1.04
Property Information
- Property Type: Land
- Style: Ranch
- Sub Type: Land
- Type Detached: 1 Story
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Listing Information
Listing Price Information
- Original List Price: $500000
-
Taxes / Assessments
Tax Information
- Annual Tax: $9779
- Tax Year: 2023
- Parcel Number: 02223010280000
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Total Parking: 1
-
School, Utilities &Location Details
School Information
- Elementary School: Pleasant Hill Elementary School
- Junior High School: Plum Grove Middle School
- Senior High School: Wm Fremd High School
Utility Information
- Electric to Site, Gas to Site, Sanitary Sewer, Water to Site, Well Private
Location Information
- Subdivision: Palatine Knolls
- City: Palatine
- Direction: Quentin Rd North of Illinois Ave , East to W. Gilbert Rd.
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BuyOwner last updated this listing Sun Feb 09 2025
- MLS: MRD12081703
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: Midwest Real Estate Data LLC (MRED)
is a Land, with 5 bedrooms which is for sale, it has 0 sqft, 1 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Palatine , in zip code 60067, this Cook County Land , it is in the Palatine Knolls Subdivision, are nearby neighborhoods.