# 502 N Smith Street, Palatine, IL 60067

> **TL;DR:** 2bd/1ba single family, $375,000 ($456/sqft), built 1956, 823 sqft.
> Hardwood, A/C. Est. $1,625/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $375,000 |
| Price/sqft | $456 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 823 |
| Year Built | 1956 |
| Lot Size | 11,099 sqft (0.25 acres) |
| Stories | 1 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 1 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,625 |
| **Total** | **$1,625** |

## Nearby Schools

- **Elementary:** Gray M Sanborn Elementary School
- **Middle:** Carl Sandburg Middle School
- **High:** Palatine High School

## Key Amenities

- Hardwood
- A/C

## Property Highlights

- Built in 1956
- 0.25 acre lot
- 2 parking spaces

## Description

### Agent 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.

## Location

- **Address:** 502 N Smith Street, Palatine, IL 60067
- **County:** Cook
- **Coordinates:** 42.119816, -88.04906
- **Google Maps:** https://www.google.com/maps?q=42.119816,-88.04906

## Listing Agent

- **Name:** Barbara Lowe
- **Brokerage:** Compass
- **Email:** babs.lowe@protonmail.com

## Primary Photo

![502 N Smith Street - Primary Photo](http://lh.rdcpix.com/6feca5395dba32b241730900507d65a2l-f2236487713r.jpg)

*20 total photos available on [listing page](https://www.propertysimple.com/listing/502-n-smith-street-palatine-il-60067-12626361)*

---

**MLS#:** 12626361 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/502-n-smith-street-palatine-il-60067-12626361)

---

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