3517 W Palmer Street, Chicago, IL
  • $849,000

Description

This classic legal 3-flat, located on a quiet tree-lined street in the heart of Logan Square, offers a unique opportunity for both investors and owner-occupants. The property will be delivered with one vacant unit beginning August 1, creating an ideal opportunity for an owner-occupant to move in while benefiting from rental income from the remaining units. For investors, this also provides flexibility to immediately lease the unit at market rates or implement their own business plan. Property Highlights -Rare legal 3-flat with all three units above grade (no garden unit) -One unit delivered vacant beginning August 1 – ideal for owner-occupants (Unit 1) -Full unfinished basement with duplex-down potential (subject to the buyer verifying zoning, requirements, and city approval) -Potential future ADU opportunity (subject to the buyer verifying zoning, requirements, and city approval) Forced-air heating systems (3) and Central A/C in unit 3 with the ability to AC to units 1 and 2 -Recent building upgrades include the roof sealing and exterior concrete/masonry work -Parking w/ 2 rear spots -Washer & Dryer in the basement Just moments from Palmer Square Park, the 606 Trail, Blue Line access, and Logan Square’s renowned dining, shopping, and entertainment options. Additional features include generous basement storage and free street parking. The property offers multiple paths for future value creation and a legal three-flat like this building is rare to find.

  • Listing Courtesy of: Gates and Gables Realty

Details

Updated on June 27, 2026 at 4:06 am
  • Property ID MRD12681448
  • Price $849,000
  • Bedrooms 8
  • Year Built 1914
  • Property Type Multi Family
  • Property Status Active
  • Parking Total 2
  • Parcel Number 13352190090000
  • Water Source Lake Michigan
  • Sewer Public Sewer
  • MLS Status Active
  • Days On Market 9
  • Cumulative Days On Market 8
  • Tax Annual Amount 12409.53
  • Heating Natural Gas,Forced Air
  • Parking Features Off Alley,Yes,Owned
  • Directions Fullerton to Drake, South on Drake to Palmer, East on Palmer to 3517 W. Palmer
  • Zoning MULTI
  • Address 3517 W Palmer Street
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60647
  • Country United States

Overview

Property ID: MRD12681448
  • Multi Family
  • Property Type
  • 8
  • Bedrooms
  • 1914
  • Year Built

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