$400,000
Libertyville, IL 60048
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.
Estimated monthly cost for this home
$3,201/mo
Estimate only, not a quote or offer of credit. Rate starts from today's market rate (6.95%, 2026-09-17). Taxes from the listing's MRED record. Talk to a lender for real numbers; a Subdiview agent can introduce you to a good one.
| 2025 property taxes | $11,593/yr |
From the listing's MRED record. MRED does not publish per-change dates through IDX, so price changes are shown without one rather than guessed.
Assigned schools per the listing's MRED record. Always verify with the district before you buy.
Elementary
Adler Park School
70
Middle
Highland Middle School
70
High school
Libertyville High School128
See programs, enrollment & homes near this school →
MRED Broker ReciprocityThis listing is part of the MRED data exchange program provided courtesy of Berkshire Hathaway HomeServices Chicago, listed by Michael Heagney.
Information last updated Sep 19, 2026, 9:21 AM.
2006 Old Peterson Road
Libertyville, IL 60048

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Call 224-385-8779Sourced from the MRED MLS feed. Last updated when the listing was modified.