This property is an incredible opportunity, priced below its appraised value! Builders and Developers bring you creative vision! Perfect for designing your dream build or develop two new homes amidst tranquil surroundings. Renovation of the existing home could also be a possibility. The 45,564 sq. ft. parcel can be easily subdivided to develop two residential lots offering endless possibilities for builders and developers. Offering New Build clientele all the convenience of urban living from their peaceful suburban retreat complete with privacy from neighbors yet only a few blocks from acclaimed FREMD High School District and Pleasant Hill Elementary. LOCATION, LOCATION, LOCATION -- 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 Seniors 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). Situated on the nearly acre lot is an unique home lovingly built over the course of 25 years by its original owner consisting of 3000+ square feet of living offering 5 bedrooms, 2 full baths, walkout basement and much more. Additional amenities include comfortable Hot Water Heat, 2 patios, 1 Car Garage with Workshop and storage areas. 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. When location is key and land opportunities are scarce you will want to check out this prime parcel in the desirable Palatine Knolls Subdivision.
Closed
$435,000
675 W Gilbert Rd, Palatine, IL 60067
5beds
3,424sqft
Single Family Residence
Built in ----
1.04 Acres Lot
$690,300 Zestimate®
$127/sqft
$3,736 Estimated rent
Home value
$690,300
$635,000 - $752,000
$3,736/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 11, 2025 at 01:01am
Listing courtesy of:
Victoria Suthers 847-494-0257,
Keller Williams Success Realty
Bought with:
Robert Obrzut
Realty Champions, Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12081692
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14X13
Bedroom 2
- Level: Basement
- Area: 182 Square Feet
- Dimensions: 14X13
Bedroom 3
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14X11
Bedroom 4
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13X12
Bedroom 5
- Level: Basement
- Area: 143 Square Feet
- Dimensions: 13X11
Family room
- Level: Basement
- Area: 240 Square Feet
- Dimensions: 20X12
Kitchen
- Features: Kitchen (Eating Area-Table Space)
- Level: Main
- Area: 240 Square Feet
- Dimensions: 20X12
Laundry
- Level: Basement
- Area: 81 Square Feet
- Dimensions: 09X09
Living room
- Level: Main
- Area: 270 Square Feet
- Dimensions: 18X15
Office
- Level: Main
- Area: 99 Square Feet
- Dimensions: 11X09
Recreation room
- Level: Basement
- Area: 260 Square Feet
- Dimensions: 20X13
Storage
- Level: Basement
- Area: 54 Square Feet
- Dimensions: 09X06
Storage
- Level: Basement
- Area: 56 Square Feet
- Dimensions: 08X07
Storage
- Level: Basement
- Area: 63 Square Feet
- Dimensions: 09X07
Sun room
- Level: Basement
- Area: 360 Square Feet
- Dimensions: 30X12
Sun room
- Level: Main
- Area: 165 Square Feet
- Dimensions: 15X11
Heating
- Natural Gas
Cooling
- Wall Unit(s)
Appliances
- Included: Range, Refrigerator, Washer, Dryer, Range Hood, Gas Water Heater
- Laundry: Gas Dryer Hookup
Features
- 1st Floor Bedroom, In-Law Floorplan, 1st Floor Full Bath, Pantry
- Windows: Skylight(s)
- Basement: Finished,Exterior Entry,Block,Rec/Family Area,Sleeping Area,Storage Space,Daylight,Full,Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Wood Burning, Family Room, Living Room
Interior area
- Total structure area: 3,424
- Total interior livable area: 3,424 sqft
- Finished area below ground: 1,726
Property
Parking
- Total spaces: 1
- Parking features: Asphalt, Carport, On Site, Garage Owned, Detached, Garage
- Garage spaces: 1
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
- Patio & porch: Patio
Lot
- Size: 1.04 Acres
- Dimensions: 166X296X153X146X13X150
- Features: Wooded, Mature Trees, Level
Details
- Additional structures: Workshop, Shed(s)
- Parcel number: 02223010280000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Cedar, Concrete
- Foundation: Block, Concrete Perimeter
- Roof: Tar/Gravel
Condition
- New construction: No
Details
- Builder model: CUSTOM
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Well
Community & neighborhood
Community
- Community features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Palatine
- Subdivision: Palatine Knolls
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2025 | Sold | $435,000-10.3%$127/sqft |
Source:  MRED as distributed by MLS GRID #12081692 | ||
| 5/5/2025 | Pending sale | $485,000$142/sqft |
Source: MRED as distributed by MLS GRID #12081692 | ||
| 3/13/2025 | Contingent | $485,000$142/sqft |
Source: MRED as distributed by MLS GRID #12081692 | ||
| 8/5/2024 | Price change | $485,000-3%$142/sqft |
Source: MRED as distributed by MLS GRID #12081692 | ||
| 6/26/2024 | Listed for sale | $500,000$146/sqft |
Source: MRED as distributed by MLS GRID #12081692 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $9,780 +4% | $39,001 |
| 2022 | $9,407 +332.6% | $39,001 +26.3% |
| 2021 | $2,174 +9% | $30,870 |
Find assessor info on the county website
Neighborhood: 60067
Nearby schools
GreatSchools rating
- 6/10Pleasant Hill Elementary SchoolGrades: K-6Distance: 0.3 mi
- 6/10Plum Grove Jr High SchoolGrades: 7-8Distance: 1.3 mi
- 10/10Wm Fremd High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Pleasant Hill Elementary School
- Middle: Plum Grove Middle School
- High: Wm Fremd High School
- District: 15
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$690,300
2% more+ $13,806
With Zillow Showcase(estimated)
$704,106