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$763,000
9
beds
4
baths

3501 W Palmer Street
Chicago, Illinois 60647

Closed / MLS #12502469 / Multiple Unit (2-4) / Logan Square
Listing information updated 12/20/2025 at 2:23pm
Legal-4 unit building in an appreciating corridor of Logan Square with significant cash flow in-place. The building sits immediately west of Palmer Square and Kedzie Boulevard with recent, nearby new build single-family home sales under contract near $1.5 million. The existing rent roll comprises $84,120 of revenue or a 9.2x gross revenue multiple on in-place income. Additional revenue can be creted by (i) marking the existing rent roll to market, (ii) adding a parking slab with three exterior stalls at the rear of the building, and (iii) creating a small outdoor garden/amenity area in the existing gravel yard at rear. This value-add is projected to result in $96,200 of revenue or a stabilized 7.8x GRM, roughly a 10.0% return-on-cost. All units have furnaces and the large 4 bed / 1 bath duplex has central air conditioning.
Exterior Type:
Vinyl Siding
Basement:
Crawl Space,Partial
Beds Above Grade:
9
Heating System:
Natural Gas
Pool:
No
Age:
100+ Years
Roof Type:
Asphalt
Parking Type:
Unassigned,Off Street,Yes,Owned
Parking Spaces:
4
Room Count:
18
Water Front:
No
Square Feet:
N/A
Lot Size:
Standard Chicago Lot
Tax Amount:
$5,625
Tax Year:
2023
Zip Code:
60647
City:
Chicago
County:
Cook
School District(s):
299
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: Essex 312, LLC

Listing Office Phone: 773.305.4858

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/20/2025 at 2:23pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Logan Square

Logan Square, IL

Logan Square proves that it is hip to be square after all. The neighborhood attracts residents with its artistic vibe, park-like boulevards, and thriving dining scene. The Logan Square Boulevards District, lined with beautiful homes and mature trees, is a designated Chicago landmark. Although it’s...

CTA

CTA
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Metra

Metra
Milwaukee District North line at Healy Metra
$775,587
Average Sale Price
39
Average Days On The Market
100%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 3501 W Palmer Street, Chicago, IL 60647
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3501 W Palmer Street, Chicago, IL 60647 is a multiple unit (2-4) which sold for $763,000. 3501 W Palmer Street features 9 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since October 27th, 2025 and was built in 1897. The nearest transit stops include Logan Square CTA Blue line and Healy Metra Metra Milwaukee District North line.

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