1551 E Olive Street Palatine IL 60074 MLS #MRD12632902

MLS #MRD12632902 image #0
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. Perfectly situated on a premium third-acre lot, this 5-bedroom, 3.5-bath home delivers the ideal blend of space, functionality, and modern style. Step inside to a true open-concept layout featuring 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 including 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-perfect for everyday living and effortless entertaining. A first-floor laundry room adds convenience. Upstairs, the expansive primary suite offers a private sitting area, a large walk-in closet, and a spa-like en suite bath with dual vanities, a soaking tub, and separate shower. The additional bedrooms are generously sized and well-positioned for family, guests, or flexible work-from-home needs. The full unfinished basement provides incredible potential for future living space, recreation, or storage. Car enthusiasts, hobbyists, and golf lovers will appreciate the expanded 3-car tandem garage-offering exceptional space for storage, a workshop, or even a golf simulator setup. Additional parking pad. NEW: Roof and gutters.Step outside to a massive maintenance-free deck overlooking the backyard-ideal for relaxing or hosting gatherings. Perfectly positioned in an unbeatable location, this home offers convenient access to shopping, dining, entertainment, major expressways, Metra Station, Twin Lakes Park, Salt Creek Park District Child Care, and the highly sought-after Twin Lakes Recreation Area. Even more exciting, you’re within walking distance to the proposed Chicago Bears stadium and surrounding redevelopment district-bringing future growth, energy, and long-term value right to your doorstep. This is a rare opportunity to own not just a beautiful home, but a prime piece of one of Palatine’s most dynamic and evolving areas.

Property Details

Price:
$949,000
MLS #:
MRD12632902
Status:
Active
Beds:
5
Baths:
4
Type:
Single Family
Neighborhood:
palatine
Listed Date:
Apr 29, 2026
Finished Sq Ft:
4,119
Year Built:
2014
PalatinePalatineJane Addams Elementary SchoolWinston Campus Middle SchoolPalatine High School

Schools

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

Interior

Appliances
Range, Dishwasher, Refrigerator
Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air
Fireplaces Total
1
Flooring
Hardwood
Heating
Natural Gas, Forced Air
Interior Features
Walk-In Closet(s)
Laundry Features
Main Level, In Unit

Exterior

Construction Materials
Brick, Cedar
Garage Spaces
3
Parking Features
Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage
Parking Spots
3
Parking Total
3
Patio And Porch Features
Deck
Roof
Asphalt

Financial

HOA Fee Frequency
Not Applicable
HOA Includes
None
Tax Year
2024
Taxes
$20,921

Listing Agent & Office

Sarah Leonard
Legacy Properties, A Sarah Leonard Company, LLC

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1551 E Olive Street
Palatine, IL