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Listing provided courtesy of Gates and Gables RealtyMREDas Distributed by MLSGrid- MLS# 12681448MLS Provider

3517 W Palmer StreetChicago, IL 60647

Multi-Family · 8 Beds
$849,000 Active

3517 W Palmer Street Overview

Time on Site:
10 days
Visits:
0

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.

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3517 W Palmer Street Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1914

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Logan Square
  • Township: Jefferson

Community/Development

  • Community Features: Sidewalks, Street Lights, Street Paved

Tax Information

  • Tax Annual Amount: $12,409.53
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 13352190090000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 3
  • Bedrooms Total: 8
  • Bedrooms Possible: 8
  • Full Baths Building: 3

General Information

  • Basement: Unfinished, Full
  • Heating: Natural Gas, Forced Air
  • Rooms Total: 17

Exterior

Parking Information

  • Parking Features: Off Alley, Yes, Owned
  • Parking Total: 2

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0
  • Lot Size Dimensions: 25X126
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick, Frame

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1800
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 2140
  • Beds Total: 3
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 2225
  • Beds Total: 3
  • Baths Total: 1

3517 W Palmer Street Neighborhood

Community

60647 (Chicago) Demographics

32
Median Age
21,129
Population Density (per sq. mile)
62%
College Educated
$82,433
Estimated Median Income
13,520
Estimated Total Home Owners
22,512
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3517 W Palmer Street Monthly Cost

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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3517 W Palmer Street Market Data

Based on the last 30 days in this zip code

$816,924
Average List Price
$745
Average Price per Square Foot
74
Properties Sold
41
Average Days on Market
141
Properties for Sale
Calculations provided by Reliance Network

3517 W Palmer Street History

Date Event Value Agent
6/25/2026Source: MRED Status Change
Active
6/19/2026Source: MRED Added to Database
June 19, 2026
8/23/2022Source: MRED Status Change
Closed
8/9/2022Source: MRED Added to Database
August 09, 2022