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1551 Olive Street

Palatine, IL 60074
Directions
$949,000
5beds
3.5baths
4,119sqft
0.321acres
Anything from "is it priced right?" to "what's the catch?"

About this home

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.
MLS Description — as provided by the listing brokerage.

The facts

Property typeResidential
Year built2014
Age band11-15 Years
Bathrooms3 full + 1 half
Garage spaces3
Total parking3
Fireplaces1
Lot size0.321 acres
Lot dimensions13967
AreaPalatine
Bedrooms (total)5
Annual tax$20,920.63
First listedApr 29, 2026
Parcel #02244070650000
CountyCook
MLS #MRD12632902
Days on market1
Photos46

Schools

ElementaryJane Addams Elementary School
Middle / JuniorWinston Campus Middle School
High schoolPalatine High School

Features

Heating
Natural GasForced Air
Cooling
Central Air
Appliances
RangeDishwasherRefrigerator
Parking
AsphaltGarage Door OpenerYesGarage OwnedAttachedGarage
Construction
BrickCedar
Patio / porch
Deck
Other equipment
Ceiling Fan(s)Sump Pump
Sewer
Public Sewer

Mentioned in description

dwello's AI pulled these details from the agent's listing description. Each is a direct quote — verify anything critical with the agent.

  • ✨ Updated Kitchen “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”
  • ✨ Recent Roof/HVAC/Windows “NEW: Roof and gutters.”
  • ✨ Open Floor Plan “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”
  • ✨ Walk-in Closet “the expansive primary suite offers a private sitting area, a large walk-in closet, and a spa-like en suite bath”
Listed by
Legacy Properties, A Sarah Leonard Company, LLC
Sarah Leonard · 224-239-3966

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/29/2026, 8:29:04 PM. All data should be independently verified.

$949,000
5 bd · 4 ba · 4,119 sqft
You + your agent

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