Contact us: 563.441.1776
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.
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 823
Garage Size: 2
Built in 1956
Elementary School: Gray M Sanborn Elementary School
High School: Palatine High School
Middle School: Carl Sandburg Middle School
General Information
Bedrooms: 2
Bathrooms: 1
Sqft: 823
County: Cook
High School: Palatine High School
Listed By:
Compass
773-466-7150
MRED MLS
MLS ID: 12626361
Room Information
Bedroom 2: 10X11
Kitchen: 8X14
Living Room: 14X15
Primary Bedroom: 10X11
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502 N Smith Street , Palatine, IL 60067.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $375,000 | $375,000 | $375,000 |
| Down Payment | $75,000 | $13,125 | $93,750 |
| Monthly Mortgage Amount | $1,775 | $2,208 | $2,279 |
| Taxes | $522 | $522 | $522 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $165 | $0 |
| Monthly Estimated Total | $2,406 | $3,004 | $2,910 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/23/2026. The listing information on this page last changed on 04/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/23/2026 10:10:04 AM EST) or MRED MLS (last updated Thu 04/23/2026 10:05:16 AM EST) or SCWMLS (last updated Thu 04/23/2026 10:03:13 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 04/23/2026 10:04:41 AM EST) or Cedar Rapids MLS (last updated Thu 04/23/2026 10:09:19 AM EST) or NEIRBR MLS (last updated Thu 04/23/2026 10:08:58 AM EST) or ICAAR MLS (last updated Thu 04/23/2026 10:08:01 AM EST) or ECIMLS (last updated Thu 04/23/2026 10:08:25 AM EST) or RMLSA (last updated Thu 04/23/2026 10:01:01 AM EST) or Muscatine MLS (last updated Thu 04/23/2026 10:00:55 AM EST) or No Coast MLS (last updated Thu 04/23/2026 10:04:33 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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