Date
Details
Price
Change
Source
10/24/2025
Listed
$999,995
—
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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Property Description
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!
Full Property Details
Full Property Details for 724 S Plum Grove Rd
General
- Price: $999,995
- Taxes: $25,263 (2023)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12503141
- Updated: 12/16/2025
- Added to Site: 86 day(s) ago
Interior
- Basement: Finished, P
- Interior Features: Vaulted Ceiling(s), 1st-Floor Bedroom, Built-in Features, Open Floorplan, Separate Dining Room
- Fireplace: Yes
- Number of Fireplaces: 4
- Fireplace(s): Family Room, Living Room, Loft, Dining Room, Gas Log, Gas Starter
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 5
- Half Bathrooms: 1
- Bathroom Features: Separate Shower, Soaking Tub
Bedrooms
- Total Bedrooms: 5
Additional Information
- Other Features: School Bus Service, Commuter Train, Interstate Access
Exterior
- Exterior Features: Balcony
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 7
- Parking Features: Concrete, Yes, Garage Owned, Detached, Driveway, Owned, Garage
Location
- Area: Palatine
- County: Cook
- Township: Palatine
- Driving Directions: Plum Grove Rd North or South to West Michigan Ave
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
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding, Brick
- Exterior Const.: Vinyl Siding, Brick
- Basement: Yes
- Basement Desc.: Finished, Partial
- Windows: Skylight(s)
- Sub-Flooring: Hardwood
- Square Feet: 7,592
- Sq. Ft. Source: Estimated
- Built Before 1978: Yes
Additional Structures
- Other Structures: Workshop, Barn(s), Outbuilding, Shed(s)
Lot Features
- Lot Size Range: .50 to .99 Acre
- Lot Dimensions: 273.9 x 98.1 x 98.4 x 135.7 x 196.5
- Lot Features: Level
Financial Considerations
- Parking Included: Yes
- Tax Amount: $25,263.42
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 2224100080000
Listed by Compass
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Schools
Schools serving 724 S Plum Grove Rd
School Districts:Palatine Community Consolidated School District 15, Township High School District 211
| Name | Grades | Distance |
|---|---|---|
Pleasant Hill Elementary School, Palatine, IL 434 West Illinois Avenue, Palatine, IL 60067 | K-5 | 0.5 mi |
Plum Grove Jr High School 2600 Plum Grove Road, Rolling Meadows, IL 60008 | 6-8 | 1 mi |
Wm Fremd High School 1000 South Quentin Road, Palatine, IL 60067 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 724 S Plum Grove Rd
Tax History
Tax History for 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 724 S Plum Grove Rd
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- Single Family
- Active
- Updated 5 days ago
- 5Beds
- 5Total Baths
- 3,100Sq. Ft.
- Single Family
- Active
- Updated 9 days ago
- 4Beds
- 4Total Baths
- 2,900Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 5Beds
- 4Total Baths
- 2,900Sq. Ft.
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- Single Family
- Active
- Updated 20 hours ago
- 3Beds
- 2Total Baths
- 1,200Sq. Ft.
- Condo
- Active
- Updated 3 days ago
- 2Beds
- 2Total Baths
- 1,400Sq. Ft.
- Condo
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,200Sq. Ft.
- Condo
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
- 1,000Sq. Ft.
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- Condo
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 865Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 1Total Bath
- 1,216Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,700Sq. Ft.
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724 S Plum Grove Road, Palatine, IL 60067 (MLS# 12503141) is a Single Family property with 5 bedrooms, 5 full bathrooms and 1 partial bathroom. 724 S Plum Grove Road is currently listed for $999,995 and was received on October 24, 2025. Want to learn more about 724 S Plum Grove Road? Do you have questions about finding other Single Family real estate for sale in Palatine? You can browse all Palatine real estate or contact a Coldwell Banker agent to request more information.