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502 Smith Street

Palatine, IL 60067
$375,000
2beds
1bath
823sqft
0.2548acres
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About this home

Renovated and meticulously maintained ranch home near Downtown Palatine! This home features wide-plank siding freshly painted in 2025 and other expansive renovations including mostly new electrical and mostly new plumbing (2022), new roof and HVAC (2023), basement drain tile (2024), perimeter drainage channel and sealed foundation (2023), and an extended sump pump discharge line routed more than 40 feet from the home underground (2024), new gutters and downspouts (2025), new asphalt driveway (2024, improved from dirt driveway) driveway sealed in 2025, new concrete walkway (2025), and newly built front and back porches (2025). The backyard was professionally regraded and landscaped in 2024 with select tree removal and trimming. A new concrete slab (2024) offers flexible space for a tiny home, RV, boat, shed, or greenhouse. Interior highlights include real hardwood floors in the living room and two bedrooms, tile in the kitchen and bath, granite countertops, white shaker cabinets, and stainless steel appliances. Owner acquired 3 verbal estimates for a 2 bedroom 1 bathroom addition on the south side of the home or as a second story addition, the quotes ranged from $100,000-$125,000. Zero lot new construction homes are selling in the same area for $700,000 plus! The tiny home in the backyard will be removed prior to closing unless included in a separate negotiated bill of sale. Seller is a licensed IL Real Estate Managing Broker and licensed Community Association Manager.
MLS Description — as provided by the listing brokerage.

The facts

Property typeResidential
Year built1956
Garage spaces2
Lot size0.2548 acres
Architectural styleRanch
Annual tax$5,841.26
CountyCook
MLS #MRD12626361
Days on market1

Schools

ElementaryGray M Sanborn Elementary School
Middle / JuniorCarl Sandburg Middle School
High schoolPalatine High School

Features

Heating
Natural Gas
Cooling
Central Air
Parking
GravelYesGarage OwnedDetachedGarage
Construction
Aluminum Siding
Lot features
Corner Lot
Sewer
Public Sewer
Listed by
Compass
Barbara Lowe · 312-798-9875

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/22/2026, 5:27:15 PM. All data should be independently verified.

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