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502 N Smith St, Palatine, IL, 60067

2beds
1baths
823sqft
$375,000
$456price/sqft
$2,688/moest. monthly cost
$107,520/yrincome needed

About This Home

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.

Getting Around

79
WalkingVery Walkable
0
TransitVery Limited Transit
70
BikeVery Bikeable

Schools

8/10
Palatine High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1956

Materials

  • Foundation: Block
  • Roof: Asphalt
  • Construction materials: Aluminum Siding

Notable Dates

  • Major remodel year: 2022

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Cellar,Partial

Bedroom2

  • Features: Flooring (Hardwood),Window Treatments (Blinds)
  • Level: Main
  • Area: 110
  • Dimensions: 11X10

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,235
  • Total interior livable area: 823 sqft

Kitchen

  • Features: Flooring (Ceramic Tile),Window Treatments (Blinds)
  • Level: Main
  • Area: 112
  • Dimensions: 14X8

Living Room

  • Features: Flooring (Hardwood),Window Treatments (Blinds,Shutters)
  • Level: Main
  • Area: 210
  • Dimensions: 15X14

Master Bedroom

  • Features: Flooring (Hardwood),Window Treatments (Blinds)
  • Level: Main
  • Area: 132
  • Dimensions: 12X11

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 02152060170000
  • Special condition: None

Features

  • Stories: 1

Lot

  • Lot size: 0.25 Acres
  • Features: Corner Lot
  • Lot size dimensions: 60X185

Parking

  • Total spaces: 2
  • Parking features: Gravel,Yes,Garage Owned,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2