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1551 E Olive Street, Palatine, IL 60074

$949,000
  • 1551 E Olive Street, Palatine, IL 60074 Main Photo

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Active
BEDS5 BATHS3 full 1 partial SQUARE FEET4,119 MLS#12632902
STATUSActive PROPERTY TYPEResidential - Single Family SCHOOLDistrict 211

Property Description

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.

1551 E Olive Street | MLS# 12632902

This single family home located at 1551 E Olive Street, Palatine, IL 60074 is currently listed for sale with an asking price of $949,000. This property was built in 2014 and has 5 bedrooms and 3 full and 1 partial baths with 4119 sq. ft. E Olive Street is located within the District 211 school district. Search Palatine real estate on elmo.bhhscrosby.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Unfinished, Full
Cooling: Central Air
Fireplaces: 1
Garage: 3
Heating: Natural Gas, Forced Air
Lot Size: 0.32 Acres
Roof Type: Asphalt
Taxes: $20,920
Year Built: 2014

Amenities

Walk-In Closet(s)

Feature Descriptions

Additional rooms: Office, Bedroom 5,Sitting Room
Appliances: Range, Dishwasher, Refrigerator
Association Includes: None
Bath Features: Separate Shower, Double Sink, Soaking Tub
Dining Room: Combined w/ LivRm
Exterior: Brick, Cedar
Fireplace Location(s): Family Room
Laundry: Main Level, In Unit
Lot Dimensions: 13967
Other Equipment: Ceiling Fan(s), Sump Pump
Parcel#: 02244070650000
Parking: Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage
Sewer: Public Sewer
Total Rooms: 11
Township: Palatine
Water: Public

Room Sizes

Office: 14X13
Bedroom 5: 14X11
Sitting Room: 16X11
Bedroom 2: 21X17
Bedroom 3: 13X11
Bedroom 4: 13X11
Dining Room: COMBO
Family Room: 19X17
Kitchen: 15X13
Laundry: 12X6
Living Room: 29X14
Primary Bedroom: 21X15

Local Schools

High School: Palatine High School
Middle School: Winston Campus Middle School
Elementary School: Jane Addams Elementary School
School District: District 211

Listed By / Shown By

Listed By

Agency Name: Legacy Properties, A Sarah Leonard Company, LLC
Agency Phone: 224-999-9100

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Estimated Payment

$ 4,132.19 per month $2,112.06 Principal & Interest $1,743.33 Property Tax $276.79 Homeowner's Insurance

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