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5280 Old Plum Grove Road Palatine, IL 60067 • Land - Residential • New

New - 21 Hours Ago
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Description

LAND, LOCATION & POTENTIAL! RARE 1.25-ACRE REDEVELOPMENT / REHAB OPPORTUNITY in a sought-after Palatine / Rolling Meadows location! Set among mature trees and natural greenery along Salt Creek, this private, expansive property offers a rare opportunity to renovate the existing residence, reimagine the property, or explore the possibilities of creating a custom dream home in a secluded, wooded setting. The existing residence features 4 bedrooms, 3.5 bathrooms, and over 4,000 square feet of living space, with generous room sizes, multiple living and entertaining areas, and a distinctive floor plan ready for transformation. The home is being sold AS-IS and requires renovation, presenting an exceptional opportunity for a buyer, builder, or investor with vision. Currently serviced by a private well and septic system, with municipal water and sewer available at the street. Enjoy an uncommon combination of acreage, privacy, and natural surroundings while remaining conveniently close to major transportation routes, shopping, dining, and recreation. Located within the highly regarded Fremd High School and Plum Grove Middle School attendance areas, offering access to excellent educational opportunities. Just minutes from Route 53, I-90, downtown Palatine, Metra commuter access, Woodfield Mall, Schaumburg's premier shopping and entertainment destinations, Costco, Trader Joe's, Whole Foods, restaurants, golf courses, parks, and recreation. Opportunities like this are increasingly hard to find. Bring your vision and explore the possibilities this exceptional property has to offer. Renovate. Reimagine. Redevelop. Property is being sold AS-IS.

Property Highlights

Property Type: Land - Residential
Total Acres: 1.25 Acres
Utilities: Electric to Site, Natural Gas Available

General Information

County: Cook
High School: Wm Fremd High School
Listed By:
Compass 773-482-1917
MRED MLS
$595,995
Est. $4,135/mo
New to the Market New
LOT SIZE 1.250 acres MLS#12799680
STATUSNew PROPERTY TYPELand - Residential SCHOOLDistrict 211

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5280 Old Plum Grove Road , Palatine, IL 60067.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $595,995$595,995$595,995
Down Payment $119,199$20,860$148,999
Monthly Mortgage Amount $3,132$3,844$3,833
Taxes $829$829$829
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$262$0
Monthly Estimated Total $4,135$5,109$4,836

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