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675 W Gilbert Road, Palatine, IL 60067

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For Sale

$485,000

5 beds • 2 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

Explore this Property

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
MLS# 12081703

Courtesy Of Keller Williams Success Realty

(847) 381-9500

Property Features

  • Amenities
    Dock
  • Architecture Style
    Ranch
  • Cooling System
    Wall Unit(s) A/C
  • Exterior Type
    Concrete
  • Heating System
    Steam
  • Lot Size
    1.04 Acres

Map and Directions

Directions to 675 W Gilbert Road, Palatine, IL 60067

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(847) 963-0400
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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