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4 Properties Within 0.5 miles of: 675 W Gilbert, Palatine

675 W Gilbert
Palatine, IL 60067

  • 5 Beds
  • 2 Baths
Price

$485,000

Est Payment
$3,386 / month (details)  
Taxes
$9,779  
Beds
5  
Baths
2  
Rooms
10  
Type
Land  
Sq. Ft.
n/a  
Lot Size
166X296X153X146X13X150  
Neighborhood
Palatine  
MLS
#12081703
Status
Temporarily No Showings (10 months)

Property 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 Map

Property Details

Utilities

  • Heating Steam
  • Cooling Wall Unit(s)
  • Water
  • Sewer

Additional Information

Sub/Complex
Palatine Knolls
Parking
1 Parking Spaces
Schools
Wm Fremd High School (211), Plum Grove Middle School (15), Pleasant Hill Elementary School (15)

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

06-26-2024 Listed at $500,000
08-05-2024 Price decreased by $15,000 to $485,000
Last Modified 3/13/25 4:12 PM

Nearby Transportation

  • Union Pacific Northwest 1.1 mi
  • Hwy 53 South 1.5 mi
  • Hwy 53 North 1.6 mi
  • I 90 West 2.6 mi
  • I 90 East 2.6 mi
  • I 290 West 4.1 mi
  • I 290 East 4.6 mi
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