Active

$949,000

1551 Olive Street, Palatine, IL 60074
5 Beds4 Baths0 sqft18 days
1551 Olive Street·Palatine, IL 60074
5Bedrooms
4Bathrooms
0Sq Ft
2014Year Built
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.

MLS# 12632902Listed April 29, 2026Residential
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms4
Full Baths3
Half Baths1
Total Rooms11

Size & Structure

Living Area0 sqft
Garage Spaces3
Fireplaces1
Year Built2014
Lot Size0.321 acres

Location

CountyCook
TownshipPalatine
Zip Code60074

Financial

List Price$949,000
Annual Taxes (2024)$20,921
Monthly Tax Est.$1,743
Parcel #02244070650000
Interior Features

Appliances

RangeDishwasherRefrigerator

Flooring

Hardwood

Heating

Natural GasForced Air

Cooling

Central Air

Basement

UnfinishedFull

Laundry

Main LevelIn Unit
Exterior & Lot

Construction

BrickCedar

Roof

Asphalt

Foundation

Concrete Perimeter

Patio & Porch

Deck
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Electric

200+ Amp Service

Parking

AsphaltGarage Door OpenerYesGarage OwnedAttachedGarage
HOA & Community
HOA Fee
$0
Not Applicable

HOA Includes

None
Schools
Elementary
Jane Addams Elementary School
District: 15
Middle School
Winston Campus Middle School
District: 15
High School
Palatine High School
District: 211
Tax & Financial
Annual Taxes
$20,921
Tax Year 2024
Monthly Tax Est.
$1,743
per month
Property Location

1551 Olive Street, Palatine, IL 60074Cook County

$949,000
1551 Olive Street
5 bd4 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
18 days on market
3-car garage
1 fireplace
0.321 acres
$20,921/yr taxes
$0 HOA (not applicable)
$6,731
estimated monthly payment
Principal & Interest
$4,987/mo
Property Tax
$1,743/mo
$949,000
20% — $189,800
3%50%
6.875%
3%12%
Loan Amount
$759,200
Down Payment
$189,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Legacy Properties, A Sarah Leonard Company, LLC
Agent: Sarah Leonard
REALTOR® Logo
Equal Housing Opportunity LogoEqual Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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