1504 E Olive St Arlington Heights, IL 60004
Estimated payment $3,149/month
Highlights
- Cape Cod Architecture
- Forced Air Heating and Cooling System
- 2.5 Car Garage
- Anne Sullivan Elementary School Rated A-
About This Lot
You aren't going to believe this hidden gem of a home! Located on a .76 acre lot in a highly desirable neighborhood with amazing schools and surrounded by $1M+ properties, you have an opportunity to either own a charming, affordable 1700+ sq ft abode or to build your dream home! Current home has hardwood floors, 2 bedrooms and 2 full baths on the main floor. Upstairs you will find an additional bedroom along with a spacious loft that is currently being used as another sleeping space. The grounds are fenced and contain a private orchard (apple, pear, cherry and peach trees), a chicken coop, a tree house, a fenced garden, a spacious workshop shed and more! The yard has been a place of childhood wonder with wild black raspberries, mature trees and plenty of room to play and explore! This doesn't feel like your typical suburban space! Big ticket items have been attended to with a new well and a new sewer line in the past 3 years. This is a place for dreaming - come see for yourself where your next chapter could lead you!
Listing Agent
Berkshire Hathaway HomeServices Starck Real Estate License #475176212 Listed on: 08/08/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,363
Lot Details
- 0.76 Acre Lot
- Lot Dimensions are 261x260x347
- Property is zoned SINGL
Home Design
- Cape Cod Architecture
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Parking
- 2.5 Car Garage
- Driveway
Schools
- Dwight D Eisenhower Elementary S
- Macarthur Middle School
- John Hersey High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Well
- Cable TV Available
Additional Features
- 2-Story Property
- Residence on Property
Listing and Financial Details
- Homeowner Tax Exemptions
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,363 | $31,984 | $15,984 | $16,000 |
| 2023 | $7,807 | $31,984 | $15,984 | $16,000 |
| 2022 | $7,807 | $31,984 | $15,984 | $16,000 |
| 2021 | $8,882 | $31,299 | $7,399 | $23,900 |
| 2020 | $8,674 | $31,299 | $7,399 | $23,900 |
| 2019 | $8,648 | $34,894 | $7,399 | $27,495 |
| 2018 | $9,281 | $30,904 | $6,577 | $24,327 |
| 2017 | $9,181 | $30,904 | $6,577 | $24,327 |
| 2016 | $8,549 | $30,904 | $6,577 | $24,327 |
| 2015 | $7,817 | $25,500 | $5,755 | $19,745 |
| 2014 | $7,755 | $25,500 | $5,755 | $19,745 |
| 2013 | $8,106 | $27,265 | $5,755 | $21,510 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | For Sale | $450,000 | -- | $261 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $127,500 | None Available | |
| Joint Tenancy Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $203,400 | New Conventional | |
| Previous Owner | $204,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $100,000 | Unknown | |
| Previous Owner | $75,000 | Credit Line Revolving | |
| Previous Owner | $75,000 | Unknown |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12441992
APN: 03-21-304-017-0000
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