1551 E Olive Street — Palatine, IL 60074
Active
Palatine, IL 60074

1551 E Olive Street

$949,000
5 beds · 4 baths · 4,119 sqft
Listed at $949,000 18 days on market $20,921/yr taxes
01About 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.

02Inside the home
03By the numbers
$949,000
List price
4,119
Square feet
5
Bedrooms
3 full / 1 half
Bathrooms
2014
Year built
0.32 ac
Lot size
3
Garage spaces
$20,921
Annual taxes
Detached Single
Style
18
Days on market
04Features
Heating
Natural GasForced Air
Cooling
Central Air
Appliances
RangeDishwasherRefrigerator
Parking
AsphaltGarage Door OpenerGarage OwnedAttachedGarage
Construction
BrickCedar
Equipment
Ceiling Fan(s)Sump Pump
Sewer
Public Sewer
05Neighborhood
This home EElementary schoolHHigh school
E Elementary school
Jane Addams Elementary School
Palatine, IL
📍37 mi🚗96 min
M Middle school
Winston Campus Middle School
Palatine, IL
H High school
Palatine High School
Palatine, IL
📍2.3 mi🚗6 min🚶55 min
  • McDonald's 0.3 mi
  • Jimmy's District 0.4 mi
  • Wayne's Pizza 0.4 mi
  • Napoli Pizza 1.0 mi
  • P's And Q's 1.0 mi
  • La Presa Restaurant 1.0 mi
  • Mobil Mart 0.9 mi
  • Tiger Mart 0.9 mi
  • Mobil Mart 1.5 mi
  • Jewel-Osco 1.5 mi
  • Amazon Fresh 1.5 mi
  • Speedway 1.5 mi
  • Rose Park 0.2 mi
  • Virginia Terrace Park 0.3 mi
  • Twin Lakes Recreational Area 0.6 mi
  • Winston Park 0.7 mi
  • Westgate Park 0.9 mi
  • Chestnut Park 1.0 mi
  • Dunkin' 0.3 mi
  • Starbucks 1.0 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Apr 29, 2026
Listed for saleThis listing
Legacy Properties, A Sarah Leonard Company, LLC
$949,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

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09Similar homes
Listed by Legacy Properties, A Sarah Leonard Company, LLC · Sarah Leonard · 224-239-3966
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12632902
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