1551 E Olive Street, Palatine, IL 60074 (MLS # 12667406)

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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.

DAYS ON MARKET 19 LAST UPDATED 6/3/2026
YEAR BUILT 2014 COMMUNITY Palatine
GARAGE SPACES 3.0 COUNTY Cook
STATUS Active PROPERTY TYPE(S) Single Family

SCHOOLS
School District Palatine High School
Elementary School Jane Addams Elementary School
Jr. High School Winston Campus Middle School
High School Palatine High School


ADDITIONAL DETAILS
AIR Ceiling Fan(s), Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Range, Refrigerator
AREA Palatine
BASEMENT Full, Sump Pump, Unfinished, Yes
CONSTRUCTION Brick, Cedar
FIREPLACE Yes
GARAGE Attached Garage, Yes
HEAT Forced Air, Natural Gas
INTERIOR Walk-In Closet(s)
LOT 0.321 acre(s)
LOT DIMENSIONS 13967
PARKING Asphalt, Garage Door Opener, Attached, Garage
SEWER Public Sewer
TAXES 20920.63
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
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*Estimate only

SATELLITE VIEW



 
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Listed with Legacy Properties, A Sarah Leonard Company, LLC
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