1551 E Olive Street, Palatine, IL 60074

• 5 beds |
• 4 baths |
• 4,119 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 1, 2026 at 8:19PM

Listing Office:

Legacy Properties, A Sarah Leonard Company, LLC : 224-239-3966

Listing Agent:

Sarah Leonard : 224-239-3966

MLS ID:

12632902

Interior

• General: Walk-In Closet(s)
• Rooms: OfficeBedroom 5Sitting Room
• Master Bath: Separate ShowerDouble SinkSoaking Tub
• Appliances: RangeDishwasherRefrigerator
• Dining: Combined w/ LivRm
• Laundry: Main LevelIn Unit
• Basement: UnfinishedFull
• Flooring: Hardwood
• A/C: Central Air
• Heating: Natural GasForced Air
• Fireplace: Fireplaces: 1
• Disability Feature: None

Exterior

• Parking: AsphaltGarage Door OpenerYesGarage OwnedAttachedGarageParking spaces: 3

Construction

• Roofing: Asphalt
• General: 2 StoriesConcrete Perimeter

Location

• HOA Amenities: 0.0Not Applicable
• Originating MLS: mred
• School District: 15
• County: Cook

Lot

• Zoning: 02244070650000

Utilities

• Utilities: 200+ Amp Service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple