Palatine, IL 60074 1551 E Olive Street

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Presented By: Legacy Properties, A Sarah Leonard Company, LLC
  • MLS# 12667406
  • 06/03/2026
  • Request Tour
  • Request Info
  • Beds • 5
  • Full/Half Baths • 3 / 1
  • SQFT • 4,119
  • Garage • 3

Home Details

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.
Presented By: Legacy Properties, A Sarah Leonard Company, LLC

Interior Features for 1551 E Olive Street

Bedrooms

Bedrooms Possible5
Total Bedrooms5

Bathrooms

BathroomSeparate Shower, Double Sink, Soaking Tub
Half Baths1
Total Baths4

Other Interior Features

LivingAreaSourceBuilder
BasementUnfinished, Full
FlooringHardwood
Interior AmenitiesWalk-In Closet(s)
Laundry FeaturesMain Level, In Unit
Total Fireplaces1

Other Rooms

Room TypeOffice, Bedroom 5, Sitting Room

General for 1551 E Olive Street

AppliancesRange, Dishwasher, Refrigerator
Assoc Fee Paid PerNot Applicable
Association Fee IncludesNone
CityPalatine
Construction MaterialsBrick, Cedar
CoolingCentral Air
CountyCook
DirectionsNorthwest Highway E of 53 to Wilke N to Olive. Model in Glen Ellyn
Electric200+ Amp Service
Elementary SchoolJane Addams Elementary School
Elementary School District15
Full Baths3
Garage Spaces3
HOA Fee$
HeatingNatural Gas, Forced Air
High SchoolPalatine High School
High School District211
Living Area4119
MLS AreaPalatine
Middle/Junior High SchoolWinston Campus Middle School
Middle/Junior School District15
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential
Property TypeDetached Single
RoofAsphalt
SewerPublic Sewer
Standard StatusActive
StatusNew
Tax Annual Amount20920.63
Tax Year2024
Total Rooms11
TownshipPalatine
Year Built2014

Exterior for 1551 E Olive Street

Foundation DetailsConcrete Perimeter
Lot Dimensions13967
Lot Size Acres0.321
ModelMORTON
Other EquipmentCeiling Fan(s), Sump Pump
Parking FeaturesAsphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage
Total Parking3
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School Jane Addams Elementary School
High School Palatine High School
Middle School Winston Campus Middle School

Client Care

Price $899,900
MLS#12667406
List Date 06/03/2026
Property Type Single Family
Phone 847.485.2500
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