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Hometown Real Estate
7700 W. Belmont Ave
Chicago , IL 60634
Phone:
888 317 9983
Fax:
773 664 0013
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1551 Olive Street
Palatine, IL 60074
Cook, US
$949,000.00 listing calculator
Status: Active (For Sale)
Type: Residential
Size: 4,119 Sq. Ft.
Lot Size: 0.32 Acres
Year Built: 2014
Bedrooms: 5
Bathrooms: 4
MLS ID: 12632902


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Overview
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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 on an oversized premium 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. Perfectly positioned in one of Palatine's most exciting and evolving locations, this home is within walking distance to the proposed Chicago Bears stadium and surrounding redevelopment district, bringing future growth, entertainment, dining, and long-term value right to your doorstep. Convenient access to shopping, restaurants, major expressways, Metra, Twin Lakes Park, Salt Creek Park District Child Care, and the highly sought-after Twin Lakes Recreation Area further enhances the incredible lifestyle this location offers. 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, cooktop with hood, large island with seating and storage, walk-in pantry, and bright eating area that flows seamlessly into the family room. Upstairs, the expansive primary suite offers a private sitting area, large walk-in closet, and spa-like bath with dual vanities, soaking tub, and 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 offers room for 4-6 more vehicles. Enjoy outdoor living on the massive maintenance-free deck with built-in natural gas line overlooking the large backyard. Recent updates include a new roof and gutters and a whole 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.

Courtesy Of: Legacy Properties, A Sarah Leonard Company, LLC


General Features


List Date:
04/29/2026

Public Schools


Elementary School:
Jane Addams Elementa
High School:
Palatine High School

Interior Features


Living Area Source:
Builder
Bedrooms Possible:
5
Bathrooms Full:
3
Rooms Total:
11

Exterior Features and Amenities


Lot Size Dimensions:
13967
Model:
MORTON
Parking Total:
3

Financial


Days On Market:
16
Tax Annual Amount:
$20,920.63
Tax Year:
2024

Other Features


Elementary School District:
15
High School District:
211
Middle Or Junior School District:
15
Age:
11-15 Years


Directions


Northwest Highway E of 53 to Wilke N to Olive. Model in Glen Ellyn

Availability Calendar


- Available - Unavailable

Rental Rates


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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 2026-05-14
.

Copyright 2026 MRED LLC

The information presented here is deemed reliable, though not guaranteed.
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