$574,900
7
beds
3.0
baths

3502 W Palmer Street

Chicago, Illinois 60647
New / MLS #11219716 / Multiple Unit (2-4) / Logan Square
Beautifully maintained and updated 2 Flat with finished attic and 2 car garage in HOT Logan Square. Building features newer roof on main house and garage, newer windows and exterior doors, newer siding, newer cement walkways, gas forced heat, central air and sump pump/exterior drainage system. 1st floor unit has separate entrance, 3 beds, 1 updated bath, living room, dining room, eat in kitchen w/stainless appliances, private laundry room and access to patio and fenced in yard. 2nd floor owners unit has central AC, 10' ceilings, hardwood floors throughout, 3 beds (WIC in primary bedroom), 1 updated bath, eat in stainless steel kitchen with island, private laundry room and private deck. Finished attic is a great in-law suite with gas heat, 1 bedroom, living room, large kitchen and two additional rooms. Each apartment has separate utilities and there are no common spaces so annual operating expenses are minimal. This turn-key property is a MONEY MAKER! Est Cap Rate of 7.17% and COC of 11.94%. The property is in the ADU zone for Logan Square so new owner can apply for attic to be an ADU.

Full Features
Exterior Type: Vinyl Siding,Frame
Basement: None
Beds Above Grade: 7
Heating System: Natural Gas, Forced Air
Pool: No
Age: 100+ Years
Parking Type: Garage
Parking Spaces: 2
Roof Type: Asphalt
Room Count: 23
Water Front: No
Square Feet: N/A
Lot Size: Less Than .25 Acre
Acreage: 0.07
Taxes & Assessments
Tax Amount: $4,486
Tax Year: 2020
Location
Zip Code: 60647
City: Chicago
County: Cook
Schools
School District(s): 299
Elementary School: N/A
Middle School: N/A
High School: N/A

Listing Office:

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