1551 E Olive Street, Palatine, IL

$949,000

Overview

  • 583849
  • Property ID
  • Updated On:
  • June 3, 2026
  • 5
  • Bedrooms
  • 4
  • Bathrooms
  • 4,119 ft2
  • Property Size
  • 0 ft2
  • Property Lot Size

Description

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.

Bathrooms
3+
Bedrooms
5+
Climate Control
Air Conditioning
Heating
Floor Area
3,000+ sqft
Garden
Yes
Parking
Garage
Other Features
200+ Amp Service
Asphalt
Attached
Brick
Cedar
Ceiling Fan(s)
Central Air
Concrete Perimeter
Deck
Dishwasher
Forced Air
Garage Door Opener
Garage Owned
Hardwood
In Unit
In-Unit Laundry
Main Level
Natural Gas
Public
Public Sewer
Range
Refrigerator
Shared Laundry
Storage
Sump Pump
Walk-In Closet(s)

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$4,865.71
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 3,679.46

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Information for the property at 1551 E Olive Street, Palatine, IL, 60074 (Property ID: 583849) is deemed reliable but not guaranteed. Property details, pricing, and availability are subject to change without notice. Buyers should independently verify all information before making any real estate decisions.

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Sunita Kakarlapudi