Date
Details
Price
Change
Source
2/03/2026
Listed
$1,299,995
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,299,995 Just Listed
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Property Description
One of the last parcels of this size, this is your chance to secure three combined parcels totaling approximately 51,800 sq ft (1.19 acres) on a prime, high-visibility corner in the heart of Palatine. Offering exceptional scale for new construction, this site is ideal for future single-family homes or townhomes pending Village approval. Surrounded by established neighborhoods, new construction, and strong area demand, the location offers quick access to Fremd High School, Plum Grove Middle School, Highway 53/90, the Metra, O'Hare Airport, Woodfield Mall, Downtown Palatine and the future Chicago Bears devleopment. The three-lot offering includes the corner parcel at 712 S Plum Grove Rd, the extra-wide vacant lot at 712 S Plum Grove Rd (Rear) with Michigan Ave frontage, and the expansive parcel at 724 S Plum Grove Rd. While existing structures remain on two parcels, the value is in the land and its redevelopment potential. This is a rare opportunity to control an entire corner block in a thriving suburban market and bring your next residential project to life.
Full Property Details
Full Property Details for 712-724 S Plum Grove Rd
General
- Price: $1,299,995
- Taxes: $33,163 (2023)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12560086
- Updated: 2/3/2026
- Added to Site: 2 day(s) ago
Additional Information
- Other Features: School Bus Service, Commuter Train, Interstate Access
Parking
- Parking Features: Asphalt, Concrete
Location
- Area: Palatine
- County: Cook
- Township: Palatine
- Driving Directions: Plum Grove Rd North or South to West Michigan Ave
- Location Details: Corner
School Information
- School District: 15
- Elem School District: 15
- Midd School District: 15
- High School District: 211
- Elementary School: Pleasant Hill Elementary School
- Middle School: Plum Grove Middle School
- High School: Wm Fremd High School
- Private School: Wm Fremd High School
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Electric
Utilities
- Onsite: Natural Gas Available, Other
Structural Information
- Square Feet: 1.2
- Current Bldg. Use: Single Family
Lot Features
- Lot Size (Acres): 1.2
- Lot Size Range: 1.0 to 1.99 Acres
- Lot Dimensions: 274' x 197' x 285' x 174'
- Frontage: City Street
- Frontage Feet: 999
- Street/Road Desc.: Asphalt
- Potential Use: Development, Single Family
Financial Considerations
- Tax Amount: $33,163.12
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 2224100160000
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Price & Sales History for 712-724 S Plum Grove Rd
Tax History
Tax History for 712-724 S Plum Grove Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$22,340
3%
$75,460
—
2022
$21,612
16%
$75,460
1%
2021
$18,613
4%
$74,523
—
2020
$17,896
1%
$74,523
-10%
2019
$17,782
5%
$82,712
22%
2018
$16,969
3%
$67,843
—
2017
$16,538
1%
$67,843
—
2016
$16,315
-2%
$67,843
15%
2015
$16,649
2%
$58,753
—
2014
$16,289
5%
$58,753
—
2013
$15,488
-9%
$58,753
-13%
2012
$16,959
—
$67,533
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 712-724 S Plum Grove Rd
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- Condo
- Active
- Updated 5 days ago
- 1Bed
- 1Total Bath
- 875Sq. Ft.
- Single Family
- Active
- Updated 22 hours ago
- 3Beds
- 2Total Baths
- 1,055Sq. Ft.
- Condo
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,200Sq. Ft.
- Townhouse
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,200Sq. Ft.
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- Condo
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,575Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 5Beds
- 4Total Baths
- 2,900Sq. Ft.
- Condo / Townhouse
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,123Sq. Ft.
Listed by Vallilakshmi Natarajan (479) 657-1595
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712-724 S Plum Grove Road, Palatine, IL 60067 (MLS# 12560086) is a Lots/Land property with a lot size of 1.2 acres. 712-724 S Plum Grove Road is currently listed for $1,299,995 and was received on February 03, 2026. Want to learn more about 712-724 S Plum Grove Road? Do you have questions about finding other Lots/Land real estate for sale in Palatine? You can browse all Palatine real estate or contact a Coldwell Banker agent to request more information.