Adjacent to Timber Creek, this beautiful 2-acre property offers a rare opportunity to create your dream estate. Featuring 2 separate PINs and sold together in one offering, each 1-acre parcel is zoned R-1, providing flexibility for future possibilities. The existing home is being conveyed as-is and is ideal for a complete renovation or tear down. Build one exceptional custom home across the full 2 acres or explore the potential to develop 2 separate residences. Libertyville schools. *Well & Septic inspected May 2026.
Contingent
$400,000
2006 Old Peterson Rd, Libertyville, IL 60048
2beds
1,458sqft
Single Family Residence
Built in 1955
2 Acres Lot
$-- Zestimate®
$274/sqft
$-- HOA
What's special
- --
- 538
- views
- 24
- saves
Zillow last checked:
Listing updated:
Listed by:
Michael Heagney 847-234-2500,
Berkshire Hathaway HomeServices Chicago
Source: MRED as distributed by MLS GRID,MLS#: 12762828
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: No additional rooms
Primary bedroom
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10X12
Bedroom 2
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Family room
- Level: Main
- Area: 216 Square Feet
- Dimensions: 12X18
Kitchen
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10X12
Laundry
- Level: Main
- Area: 48 Square Feet
- Dimensions: 6X8
Living room
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12X12
Heating
- Natural Gas
Cooling
- None
Features
- Basement: None
Interior area
- Total structure area: 1,436
- Total interior livable area: 1,458 sqft
Property
Parking
- Total spaces: 2
- Parking features: Asphalt, Garage Door Opener, Yes, Attached, Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
- Patio & porch: Deck
- Exterior features: Dog Run
Lot
- Size: 2 Acres
- Dimensions: 295 x 295
Details
- Additional structures: Shed(s)
- Additional parcels included: 11072000120000
- Parcel number: 11072000110000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
HOA
- Services included: None
Location
- Region: Libertyville
Financial & listing details
- Price per square foot: $274/sqft
- Tax assessed value: $330,948
- Annual tax amount: $11,593
- Date on market: 9/18/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2026 | Listing removed | $400,000$274/sqft |
Source: MRED as distributed by MLS GRID #12751082 Report a problem | ||
| 9/18/2026 | Listed for sale | $400,000-33.2%$274/sqft |
Source: MRED as distributed by MLS GRID #12751082 Report a problem | ||
| 9/18/2026 | Listing removed | $599,000$411/sqft |
Source: MRED as distributed by MLS GRID #12677480 Report a problem | ||
| 6/15/2026 | Listed for sale | $599,000-20.1%$411/sqft |
Source:  MRED as distributed by MLS GRID #12677480 Report a problem | ||
| 6/11/2026 | Listing removed | $750,000$514/sqft |
Source: MRED as distributed by MLS GRID #12649948 Report a problem | ||
| 6/1/2026 | Contingent | $750,000$514/sqft |
Source: MRED as distributed by MLS GRID #12649948 Report a problem | ||
| 5/16/2026 | Listed for sale | $750,000$514/sqft |
Source: MRED as distributed by MLS GRID #12649948 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,564 -17.4% | $114,210 +3.5% |
| 2023 | $6,734 +10.1% | $110,305 +8.4% |
| 2022 | $6,114 +1.7% | $101,739 +3% |
| 2021 | $6,013 +4.2% | $98,781 +12.3% |
| 2020 | $5,772 +2.6% | $87,989 +1% |
| 2019 | $5,628 +2.5% | $87,153 -2.9% |
| 2018 | $5,493 | $89,723 +3.3% |
| 2017 | $5,493 +6.2% | $86,890 +5.5% |
| 2016 | $5,174 +1.1% | $82,383 +7% |
| 2015 | $5,116 -10.1% | $77,001 +1.4% |
| 2014 | $5,690 -0.3% | $75,968 -9.8% |
| 2012 | $5,706 +3.7% | $84,207 -6.4% |
| 2011 | $5,501 +0.5% | $89,921 -4% |
| 2010 | $5,471 +3.2% | $93,668 -4.6% |
| 2009 | $5,300 -3.6% | $98,220 -3.3% |
| 2008 | $5,496 -2.1% | $101,576 +3.5% |
| 2006 | $5,613 +0.3% | $98,103 |
| 2005 | $5,597 +8% | -- |
| 2004 | $5,184 -1.1% | -- |
| 2003 | $5,241 +13.4% | -- |
| 2002 | $4,623 +4.8% | -- |
| 2001 | $4,414 +2.8% | $62,058 +2.6% |
| 2000 | $4,294 | $60,492 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 60048
Nearby schools
Schools provided by the listing agent
- Elementary: Adler Park School
- Middle: Highland Middle School
- High: Libertyville High School
- District: 70
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.
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