502 N Smith Street, Palatine, IL 60067

• 2 beds |
• 1 bath |
• 823 sqft

Property Description

Renovated and meticulously maintained ranch home near Downtown Palatine! This home features wide-plank siding freshly painted in 2025 and other expansive renovations including mostly new electrical and mostly new plumbing (2022), new roof and HVAC (2023), basement drain tile (2024), perimeter drainage channel and sealed foundation (2023), and an extended sump pump discharge line routed more than 40 feet from the home underground (2024), new gutters and downspouts (2025), new asphalt driveway (2024, improved from dirt driveway) driveway sealed in 2025, new concrete walkway (2025), and newly built front and back porches (2025). The backyard was professionally regraded and landscaped in 2024 with select tree removal and trimming. A new concrete slab (2024) offers flexible space for a tiny home, RV, boat, shed, or greenhouse. Interior highlights include real hardwood floors in the living room and two bedrooms, tile in the kitchen and bath, granite countertops, white shaker cabinets, and stainless steel appliances. Owner acquired 3 verbal estimates for a 2 bedroom 1 bathroom addition on the south side of the home or as a second story addition, the quotes ranged from $100,000-$125,000. Zero lot new construction homes are selling in the same area for $700,000 plus! The tiny home in the backyard will be removed prior to closing unless included in a separate negotiated bill of sale. Seller is a licensed IL Real Estate Managing Broker and licensed Community Association Manager.

Listing Status:

Active

Data Last Updated:

May 1, 2026 at 3:19PM

Listing Office:

Compass : 224-300-4349

Listing Agent:

Barbara Lowe : 312-798-9875

MLS ID:

12626361

Interior

• Rooms: No additional rooms
• Dining: Kitchen/Dining Combo
• Basement: CellarPartial
• A/C: Central Air
• Heating: Natural Gas
• Disability Feature: None

Exterior

• Style: Ranch
• Parking: GravelYesGarage OwnedDetachedGarageParking spaces: 2

Construction

• Roofing: Asphalt
• General: 1 StoryBlock

Location

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

Lot

• Zoning: 02152060170000

Utilities

• Utilities: Circuit Breakers
• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple