1551 E Olive St

Palatine, IL 60074
  • $949,000

    Price
  • 5

    Bed
  • 4

    Bath
  • 4,119

    SqFt

About the Listing 28889 - 920884,264409

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.

Listing Highlights

Status Active
Days on Site 32
Property Type Residential
MLS ® 12632902
Year Built 2014
Total Square Footage 4,119
Lot/Acreage 0.32
County Cook
School District 15
Elementary School Jane Addams Elementary School
High School Palatine High School

Interior Details

  • Bedrooms: 5
  • Bathrooms: 3 Full / 1 Half
  • Appliances: Range, Dishwasher, Refrigerator, Ceiling Fan(s),Sump Pump
  • Air Cond: Central Air
  • Heating: Natural Gas,Forced Air
  • Fireplaces: 1
  • Floor: Hardwood
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement: Unfinished,Full
  • Other: Walk-In Closet(s)
  • Water: Public

Exterior Details

  • Garage Capacity: 3 car
  • Parking Spaces: 3
  • Lot Dimensions: 13967
  • Roof: Asphalt
  • Others:
  • Sewer: Public Sewer
  • Parking Features: Asphalt,Garage Door Opener,Yes,Garage Owned,Attached,Garage

Financial Details

  • Tax Amount: $20,921
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 02244070650000
  • Tax Year: 2024

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1551 E Olive St Palatine, IL 60074

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Originating MLS: mred

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