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1551 E Olive Street

Palatine, IL 60074

$899,900 $3,794/Mo

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Overview

Bed

Bath

4,119

Sqft

0.32

Acre(Lot)

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 stor age, 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.

Property Details

Property Type : Residential

Price : $899,900

AD Id : 79976702

MLS Id : MRD12667406

Beds : 5

Lot Size : 0.32 Acre

Living Area Size : 4,119

Year Built : 2014

Garage : 3

County : Cook

Map

Features

Bedroom Information

Total Bedroom: 5 Room Types: Office, Bedroom 5, Sitting Room

Bathroom Information

Total Baths: 4 Full Baths: 3 Half Baths: 1

Room Information

Rooms Total: 11

Interior Features

Walk-In Closet(s) Roof: Asphalt Appliances: Range, Dishwasher, Refrigerator Laundry Features: Main Level, In Unit

Roofing Information

Asphalt
Flooring Information

Flooring: Hardwood Construction Materials: Brick, Cedar
Heating & Cooling

Heating: Natural Gas, Forced Air Cooling: Central Air WaterSource: Public

Building Information

Year Built: 2014

Lot Information

Lot Dimensions: 13967 Lot Acres: 0.321 Lot Size: .25-.49 Acre

Property Information

Property Type: Residential Sub Type: Detached Single Type Detached: 2 Stories

Listing Price Information

Original List Price:$899900

Tax Information

Annual Tax: $20920.63 Tax Year: 2024 Parcel Number: 02244070650000 Tax Exemption: Homeowner

Parking Information

Total Parking: 3 Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage Is Parking Included in Price: Yes

Garage Information

Garage Space: 3

Homeowners Association Information

Included Fees: None

School Information

Elementary School: Jane Addams Elementary School Junior High School: Winston Campus Middle School Senior High School: Palatine High School
Utility Information

Sewer: Public Sewer Water Source: Public
Location Information

City: Palatine Direction: Northwest Highway E of 53 to Wilke N to Olive. Model in Glen Ellyn

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2390 N Newberry Lane, Palatine, IL, 60074	$440,000	3	3	1,740	1,740 SqFt
36 N Ashland Avenue, Palatine, IL, 60074	$485,000	4	3	2,146	2,146 SqFt
725 E Eisenhower Avenue, Palatine, IL, 60074	$379,900	3	1	1,196	1,196 SqFt
605 N Rohlwing Road, Palatine, IL, 60074	$399,900	3	2	1,500	1,500 SqFt
1062 E Williams Drive, Palatine, IL, 60074	$485,000	4	3	2,649	2,649 SqFt
1947 N Brice Court #2, Palatine, IL, 60074	$250,000	2	1	1,000	1,000 SqFt
166 S Stonington Drive, Palatine, IL, 60074	$310,000	2	2	1,200	1,200 SqFt
572 E Monterey Road, Palatine, IL, 60074	$580,000	4	3	2,124	2,124 SqFt
1359 E Dorothy Drive, Palatine, IL, 60074	$429,000	3	2	1,673	1,673 SqFt
591 W Rosiland Drive, Palatine, IL, 60074	$924,900	4	3	3,476	3,476 SqFt

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ByOwner last updated this listing 06/11/2026 @ 06:20

MLS: MRED #12667406 LISTED BY: Sarah Leonard, Legacy Properties, A Sarah Leonard Company, LLC 224-999-9100 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)