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Listing provided courtesy of Legacy Properties, A Sarah Leonard Company, LLCMREDas Distributed by MLSGrid- MLS# 12667406MLS Provider

1551 E Olive StreetPalatine, IL 60074

Single Family · 5 Beds · 3 Full Baths · 1 Half Bath · 4,119 Sq. ft. | 0.32 Acres
$899,900 Active

1551 E Olive Street Overview

Time on Site:
26 days
Visits:
0

Stunning move-in-ready luxury meets exceptional space and design in this beautifully updated Palatine home offering over 4,100 square feet of refined living on an oversized premium one-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. 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, a cooktop with hood, a large island with seating and storage, a walk-in pantry, and a bright eating area that flows seamlessly into the family room. Upstairs, the expansive primary suite offers a private sitting area, a large walk-in closet, and a spa-like bath with dual vanities, a soaking tub, and a 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 provides room for 4-6 more vehicles. Enjoy outdoor living on the massive maintenance-free deck with a built-in natural gas line overlooking the large backyard. Recent updates include a new roof, new gutters, and a full 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, bringing future growth, entertainment, dining, and long-term value right to your doorstep. Convenient access to shopping, restaurants, major expressways, Metra, Salt Creek Park District, and the highly sought-after Twin Lakes Recreation Area further enhances the incredible lifestyle this location offers.

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1551 E Olive Street Facts & Features

  • Type Single Family
  • Sq. ft. 4,119
  • Price/Sq.ft. $218
  • Lot 0.32 Acres

Details

General

Association/HOA

  • Association Fee: $0.00
  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None

School Information

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

Building Information

  • New Construction: No
  • Year Built: 2014

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Palatine
  • Township: Palatine

Tax Information

  • Tax Annual Amount: $20,920.63
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 02244070650000
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 0
  • Disability Access: No
  • Total SqFt.: 0

Parking Information

  • Garage Spaces: 3

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total: 4
  • Bedrooms Total: 5
  • Bedrooms Possible: 5

Building Interior

  • Fireplace Location: Family Room

General Information

  • Appliances: Range, Dishwasher, Refrigerator
  • Basement: Unfinished, Full
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Fireplaces Total: 1
  • Flooring: Hardwood
  • Foundation Details: Concrete Perimeter
  • Heating: Natural Gas, Forced Air
  • Interior Features: Walk-In Closet(s)
  • Laundry Features: Main Level,In Unit
  • Living Area: 4119
  • Living Area Source: Builder
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Rooms Total: 11

Exterior

Parking Information

  • Parking Features: Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage
  • Parking Total: 3

Lot Information

  • Lot Size Acres: 0.321
  • Lot Size Dimensions: 13967
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick, Cedar
  • Roof: Asphalt

General Information

  • Sewer: Public Sewer

Room Information

Room: Dining Room

  • Level: Main
  • Dimensions: COMBO

Room: Family Room

  • Level: Main
  • Dimensions: 19X17

Room: Kitchen

  • Level: Main
  • Dimensions: 15X13

Room: Laundry

  • Level: Main
  • Dimensions: 12X6

Room: Living Room

  • Level: Main
  • Dimensions: 29X14

Room: Office

  • Level: Main
  • Dimensions: 14X13

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Bedroom 2

  • Level: Second
  • Dimensions: 21X17

Room: Bedroom 3

  • Level: Second
  • Dimensions: 13X11

Room: Bedroom 4

  • Level: Second
  • Dimensions: 13X11

Room: Bedroom 5

  • Level: Second
  • Dimensions: 14X11

Room: Master Bedroom

  • Level: Second
  • Dimensions: 21X15

Room: Sitting Room

  • Level: Second
  • Dimensions: 16X11

1551 E Olive Street Neighborhood

Community

60074 (PALATINE) Demographics

35
Median Age
5,186
Population Density (per sq. mile)
48%
College Educated
$69,416
Estimated Median Income
8,708
Estimated Total Home Owners
5,785
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1551 E Olive Street Monthly Cost

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Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1551 E Olive Street Market Data

Based on the last 30 days in this zip code

$392,934
Average List Price
$235
Average Price per Square Foot
30
Properties Sold
45
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network

1551 E Olive Street History

Date Event Value Agent
6/8/2026Source: MRED Status Change
Active
6/3/2026Source: MRED Added to Database
June 03, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022