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5280 Old Plum Grove Rd , Palatine, IL 60067
$624,999
Est. Payment: $3,410.88/mo
4 Bed
3 Bath
4111 Sqft
1.25 Acres
Status: active | Days on site: 8
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87120 - 184489
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House 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.

Highlights

Listed by Michael Mandile , 847-322-8827 Compass , 773-482-1917. Midwest Real Estate Data mls logo

Property Type

Residential

Lot/Acreage
1.25

County

Cook

Area

Palatine

School District

15

Listing ID

12783954

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:2
  • ▪ 1/2 Bathrooms:1
Appliances:Microwave, Dishwasher, Refrigerator, Washer, Dryer, Cooktop
Air Cond:Central Air
Fireplaces:Wood Burning,Gas Starter,Masonry
Other:
  • ▪ Additional:1st Floor Bedroom, 1st Floor Full Bath, Dining Combo
Water:Well

Exterior Features

Lot:Waterfront
Lot Dimensions:312.6x49.9x389.8x290.1
Garage Capacity:12
Sewer:Septic Tank
Parking Features:Concrete,Yes,Garage Owned,Attached,Driveway,Owned,Garage
Principal Interest
$3,411
Taxes
$1,871

Home Price

$624,999

Loan Details

30 yrs
7.25%

Down Payment

20%
$125,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,410.88

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,410.88 $1,871.42 $0.00 $5,282.30
Yearly $40,930.51 $22,457.03 $0.00 $63,387.54
Total $1,227,915.34 $673,710.90 $0.00 $1,901,626.24
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Master Chief
Lender
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Market insight data is pulled from the same city as the listing being viewed (Palatine, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T08:59:06.000Z

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