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About This Home
This 2-bedroom, 1-bathroom single family at 502 N Smith Street in Palatine, IL is listed for $375,000 ($456 per sqft). Built in 1956, the home offers 823 sqft of living space on a 0.25 acres lot.
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 ex
tended 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.
Key Features
- Built in 1956
- 0.25 acre lot
- 2 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$2,006/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
502 N Smith Street
Palatine, IL 60067
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 2-bedroom, 1-bathroom single family at 502 N Smith Street is listed at $375,000 ($456/sqft). The estimated monthly payment is $1,625 based on 20% down at 6.5% interest.
Key features include: Built in 1956, 0.25 acre lot, 2 parking spaces.
This property is listed by Barbara Lowe or babs.lowe@protonmail.com.
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Barbara Lowe
Agent at Compass