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

1551 E Olive Street

$899,900
5 beds · 4 baths · 4,119 sqft
Listed at $899,900 7 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 4,100 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.

02Inside the home
03By the numbers
$899,900
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
7
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
  • 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.

Jun 3, 2026
Listed for saleThis listing
Legacy Properties, A Sarah Leonard Company, LLC
$899,900
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

Stand in the kitchen.
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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# MRD12667406
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