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.
Single-familyProperty Type
1.04 acresLot Size
$270Est. Price/Sq.Ft.
1 car garageParking
Listed by Victoria Suthers• Keller Williams Success Realty
2 years ago• May not reflect the current state of the home
Chris Kartsunes
Redfin Associate agent
Sale history for 675 W Gilbert Rd
Date
Event
Price
MRED as Distributed by MLS Grid #12673499
Aug 12, 2026
Listing Removed
—
Jun 10, 2026
Listed (Active)
*
MRED as Distributed by MLS Grid #12081692
May 8, 2025
Sold (MLS) (Closed)
$435,000
$127/sq ft
May 5, 2025
Pending
—
Mar 13, 2025
Contingent (Contingent - Continue to Show)
—
Aug 5, 2024
Price Changed
$485,000
$142/sq ft
Jun 26, 2024
Listed (Active)
$500,000
$146/sq ft
MRED as Distributed by MLS Grid #12081703
Mar 15, 2025
Listing Removed
—
Mar 13, 2025
Listing Removed
—
Aug 5, 2024
Price Changed
*
Jun 26, 2024
Listed (Active)
*
Year
Property tax
Land + Additions
Assessment*
2023
$9,780 (+4.0%)
$19,501 + $19,500
$39,001
2022
$9,407 (+332.6%)
$19,501 + $19,500
$39,001
2021
$2,174 (+9.0%)
$28,477 + $2,393
$30,870
2020
$1,995 (+0.9%)
$28,477 + $2,393
$30,870
2019
$1,977 (−7.9%)
$28,477 + $2,393
$30,870
2018
$2,146 (+3.7%)
$26,199 + $13,380
$39,579
2017
$2,069 (−21.6%)
$26,199 + $13,380
$39,579
2016
$2,640 (−12.1%)
$26,199 + $13,380
$39,579
2015
$3,005 (+3.4%)
$7,973 + $29,565
$37,538
2014
$2,907 (+0.2%)
$7,973 + $29,565
$37,538
2013
$2,900 (+16.3%)
$7,973 + $29,565
$37,538
2012
$2,495 (+2.9%)
$28,477 + $12,304
$40,781
2011
$2,425 (+12.6%)
$28,477 + $12,304
$40,781
2010
$2,154 (+12.1%)
$28,477 + $12,304
$40,781
2009
$1,921 (−3.7%)
$9,112 + $45,496
$54,608
2008
$1,995 (−59.1%)
$14,580 + $42,904
$57,484
2007
$4,879
$14,580 + $42,904
$57,484
Tax history for 675 W Gilbert Rd
Year
Property tax
Land + Additions
Assessment*
2023
$9,780 (+4.0%)
$19,501 + $19,500
$39,001
2022
$9,407 (+332.6%)
$19,501 + $19,500
$39,001
2021
$2,174 (+9.0%)
$28,477 + $2,393
$30,870
2020
$1,995 (+0.9%)
$28,477 + $2,393
$30,870
2019
$1,977 (−7.9%)
$28,477 + $2,393
$30,870
2018
$2,146 (+3.7%)
$26,199 + $13,380
$39,579
2017
$2,069 (−21.6%)
$26,199 + $13,380
$39,579
2016
$2,640 (−12.1%)
$26,199 + $13,380
$39,579
2015
$3,005 (+3.4%)
$7,973 + $29,565
$37,538
2014
$2,907 (+0.2%)
$7,973 + $29,565
$37,538
2013
$2,900 (+16.3%)
$7,973 + $29,565
$37,538
2012
$2,495 (+2.9%)
$28,477 + $12,304
$40,781
2011
$2,425 (+12.6%)
$28,477 + $12,304
$40,781
2010
$2,154 (+12.1%)
$28,477 + $12,304
$40,781
2009
$1,921 (−3.7%)
$9,112 + $45,496
$54,608
2008
$1,995 (−59.1%)
$14,580 + $42,904
$57,484
2007
$4,879
$14,580 + $42,904
$57,484
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
1.05 Acres
Year renovated
—
Sq. Ft.
1,671
Year built
1972
Style
Single Family Residential
County
Cook County
APN
02223010280000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 10, 2026.
Jul 3, 2026 • Active
Building permit for single family - addition
Rehabilitate the existing structure and construct a new attached garage with an additional bedroom and full bathroom located above it.
Addition
Mar 17, 2026 • Final
Right of way work
Replace damaged cable television cable between two existing pedestals. The work will be performed underground using directional boring.
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
# of Garage Spaces: 1
# of Parking (Total): 1
Parking Features: Asphalt, Carport, On Site, Garage Owned, Detached, Garage