Approximately 4.73 acres of vacant land along the Route 53 corridor in desirable Ela Township near Lake Zurich, Long Grove, and Palatine this parcel presents a compelling opportunity for a custom estate residence, land investment, or future potential, subject to Lake County approvals. Located in unincorporated Lake County with conforming Agricultural (AG) zoning, an Early Assistance review has been completed, confirming development parameters for a single-family residence and providing valuable guidance for buyers. The property offers a mix of open and natural landscape, allowing flexibility in home placement while maintaining privacy and scenic surroundings. Ideally situated with direct access to Route 53 and Lake Cook Road, the location provides strong connectivity while being surrounded by estate homes, open land, and nearby amenities including Deer Park Town Center, historic downtown Long Grove, forest preserves, golf courses, and dining. Located within the highly acclaimed Stevenson High School District (125), including Kildeer Countryside Elementary and Woodlawn Middle School. With approximately 4.73 acres, this parcel offers a unique balance of location, space, and long-term potential.
Active
Price cut: $99.9K (7/23)
$300,000
20727 N State Route 53, Palatine, IL 60047
--beds
--baths
4.73Acres
Unimproved Land
Built in ----
4.73 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 166 days
- 122
- 4
Zillow last checked:
Listing updated:
Listed by:
Stella Talaga 630-297-3564,
@properties Christie's International Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12598253
Facts & features
Property
Features
- Frontage length: 329
Lot
- Size: 4.73 Acres
- Dimensions: 329 x 627 x 329 x 627 (Approx)
Details
- Parcel number: 14352000150000
- Zoning: AGRIC
- Special conditions: None
Utilities & green energy
- Sewer: Septic Needed
- Water: Well Required
- Utilities for property: Electricity Nearby, Unknown (verify)
Community & HOA
Location
- Region: Palatine
Financial & listing details
- Tax assessed value: $241,185
- Annual tax amount: $7,684
- Date on market: 3/21/2026
- Ownership: Fee Simple
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$3,292/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Price change | $300,000-25% |
Source: | ||
| 4/24/2026 | Price change | $399,900-18.2% |
Source: | ||
| 3/6/2026 | Listed for sale | $489,000+39.7% |
Source: | ||
| 8/2/2005 | Sold | $350,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,685 +8.5% | $83,932 +4.4% |
| 2023 | $7,083 -7.9% | $80,387 +12% |
| 2022 | $7,687 +4.5% | $71,769 -9.1% |
| 2021 | $7,356 -23.6% | $78,912 -24% |
| 2020 | $9,633 +3.2% | $103,766 +0.9% |
| 2019 | $9,331 -1.5% | $102,861 -5.7% |
| 2018 | $9,472 | $109,038 +1.2% |
| 2017 | $9,472 +2.5% | $107,724 +3.3% |
| 2016 | $9,244 -14.1% | $104,313 +5% |
| 2015 | $10,758 +1.6% | $99,355 -11.4% |
| 2014 | $10,592 +4.6% | $112,178 -0.2% |
| 2012 | $10,129 +6.1% | $112,414 -3% |
| 2011 | $9,550 +11.6% | $115,883 +0.9% |
| 2010 | $8,557 +4.1% | $114,804 -4% |
| 2009 | $8,223 +3.9% | $119,588 +2.1% |
| 2008 | $7,913 +96.5% | $117,163 +2.5% |
| 2006 | $4,027 | $114,361 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 60047
Nearby schools
Schools provided by the listing agent
- Elementary: Kildeer Countryside Elementary S
- Middle: Woodlawn Middle School
- High: Adlai E Stevenson High School
- District: 96
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.


