1551 E Olive Street, Palatine, IL 60074
Local realty services provided by:ERA Naper Realty
1551 E Olive Street,Palatine, IL 60074
$949,000
- 5 Beds
- 4 Baths
- 4,119 sq. ft.
- Single family
- Active
Listed by: sarah leonard, james brown
Office: legacy properties, a sarah leonard company, llc.
MLS#:12632902
Source:MLSNI
Price summary
- Price:$949,000
- Price per sq. ft.:$230.4
About this home
Stunning move-in-ready luxury meets exceptional space and design in this beautifully updated Palatine home offering over 4,000 square feet of refined living on an oversized premium third-acre lot. Built in 2014, this 5-bedroom, 3.5-bath home with a full basement and expanded 3-car tandem garage delivers the ideal blend of space, functionality, and newer-construction appeal. Perfectly positioned in one of Palatine's most exciting and evolving locations, this home is within walking distance to the proposed Chicago Bears stadium and surrounding redevelopment district, bringing future growth, entertainment, dining, and long-term value right to your doorstep. Convenient access to shopping, restaurants, major expressways, Metra, Twin Lakes Park, Salt Creek Park District Child Care, and the highly sought-after Twin Lakes Recreation Area further enhances the incredible lifestyle this location offers. Step inside to a freshly painted, true open-concept layout featuring gorgeous hardwood floors, a formal living room, dining room, private main-level office, and a warm, inviting family room anchored by a fireplace. The heart of the home is the stunning kitchen, complete with rich cabinetry, quartz countertops, stainless steel appliances, double wall ovens, cooktop with hood, large island with seating and storage, walk-in pantry, and bright eating area that flows seamlessly into the family room. Upstairs, the expansive primary suite offers a private sitting area, large walk-in closet, and spa-like bath with dual vanities, soaking tub, and separate shower. Generously sized secondary bedrooms provide excellent flexibility for family, guests, or work-from-home needs. The full unfinished basement offers incredible future potential and is already roughed in for a fourth full bath. The expanded tandem garage is ideal for car enthusiasts, hobbyists, storage, workshop space, or even a golf simulator setup, and includes a 220V outlet for a possible heater or EV charger. An additional parking pad offers room for 4-6 more vehicles. Enjoy outdoor living on the massive maintenance-free deck with built-in natural gas line overlooking the large backyard. Recent updates include a new roof and gutters and a whole interior repaint. This is a rare opportunity to own not just a beautiful home, but a prime piece of one of Palatine's fastest growing and most dynamic areas....
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Home facts
- Year built:2014
- Listing ID #:12632902
- Updated:May 16, 2026 at 01:49 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Rooms Total:11
- Dining Description:Combined With Living Room
- Bathrooms Description:Double Sinks, Separate Shower, Soaking Tub
- Kitchen Description:Dishwasher, Range, Refrigerator
- Basement Description:Full, Unfinished
- Living area:4,119 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Asphalt
- Year built:2014
- Building area:4,119 sq. ft.
- Lot area:0.32 Acres
- Foundation Description:Concrete Perimeter
- Levels:2 Story
Schools
- High school:Palatine High School
- Middle school:Winston Campus Middle School
- Elementary school:Jane Addams Elementary School
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$949,000
- Price per sq. ft.:$230.4
- Tax amount:$20,921 (2024)
Features and amenities
- Amenities:Ceiling Fan(s), Sump Pump
Parking
- Total parking spaces:3
- Parking description:Asphalt, Attached Garage, Garage
- Garage:Yes
- Garage spaces:3
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