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 4,100 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.

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 7:19AM

Listing Office:

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

Listing Agent:

Sarah Leonard : 224-239-3966

MLS ID:

12667406

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