509 S Plum Grove Rd Palatine, IL 60067
Plum Grove Village NeighborhoodEstimated payment $2,728/month
Total Views
9,250
2
Beds
1.5
Baths
2,316
Sq Ft
$159
Price per Sq Ft
Highlights
- Property is near a park
- Lower Floor Utility Room
- Laundry Room
- Pleasant Hill Elementary School Rated A
- Living Room
- 1-Story Property
About This Home
Charming Brick Raised Ranch with Tons of Potential in Prime Palatine Location! This 4-bedroom, 1.5-bath home-featuring 2 bedrooms upstairs and 2 in the basement-sits on a deep 60x155 lot and offers an excellent opportunity for buyers seeking space, value, and potential. The interior is currently cluttered as the tenants are in the process of packing and moving-please overlook the mess and imagine the possibilities. Inside, you'll find generous room sizes, a bright front living room, a separate dining area, and a spacious kitchen layout. The full finished basement adds two additional bedrooms and flexible space ideal for a rec room, home office, or guest area. While the home needs some cosmetic updates and a good cleanout, it's priced right for the sweat equity a buyer can bring. The tenant is on a month-to-month lease and plans to vacate soon, making this an excellent opportunity for a fresh start. Additional highlights include a detached 2-car garage, central air, and a versatile layout. Conveniently located near downtown Palatine, the Metra, schools, parks, shopping, and restaurants.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,492
Year Built
- Built in 1973
Lot Details
- Lot Dimensions are 60x155
- Paved or Partially Paved Lot
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Step Ranch
- Brick Exterior Construction
Interior Spaces
- 2,316 Sq Ft Home
- 1-Story Property
- Family Room
- Living Room
- Dining Room
- Lower Floor Utility Room
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 4 Potential Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Location
- Property is near a park
Schools
- Pleasant Hill Elementary School
- Plum Grove Middle School
- Wm Fremd High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,492 | $32,000 | $6,552 | $25,448 |
| 2023 | $8,185 | $32,000 | $6,552 | $25,448 |
| 2022 | $8,185 | $32,000 | $6,552 | $25,448 |
| 2021 | $7,378 | $26,047 | $3,276 | $22,771 |
| 2020 | $7,341 | $26,047 | $3,276 | $22,771 |
| 2019 | $7,308 | $28,910 | $3,276 | $25,634 |
| 2018 | $8,136 | $29,615 | $3,042 | $26,573 |
| 2017 | $8,000 | $29,615 | $3,042 | $26,573 |
| 2016 | $7,689 | $29,615 | $3,042 | $26,573 |
| 2015 | $6,197 | $22,792 | $2,808 | $19,984 |
| 2014 | $6,807 | $24,997 | $2,808 | $22,189 |
| 2013 | $6,615 | $24,997 | $2,808 | $22,189 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/09/2025 08/09/25 | Price Changed | $369,000 | -1.6% | $159 / Sq Ft |
| 07/20/2025 07/20/25 | Price Changed | $375,000 | -1.3% | $162 / Sq Ft |
| 07/14/2025 07/14/25 | For Sale | $380,000 | -- | $164 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $238,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $245,000 | Unknown | |
| Closed | $66,500 | Credit Line Revolving | |
| Closed | $178,500 | Stand Alone First | |
| Previous Owner | $175,000 | Credit Line Revolving | |
| Previous Owner | $125,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Palatine, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12419579
APN: 02-23-304-002-0000
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