3547 W Palmer Street, Chicago IL 60647
Property Description
Legal 4-Unit Investment Opportunity in Logan Square! Exceptionally spacious multifamily property offering over 5,700 square feet of building area per county records. Three generously sized 3-bedroom, 1-bathroom apartments feature separate living and dining rooms, while the garden unit offers 2 bedrooms and 1 bathroom. All four units have separate utilities and individual forced-air heating systems. Current rents are below market, with rental comparables available to support the opportunity for increased income. Recent improvements include a newer roof, replaced skylight, new lintels at the front windows, some window replacements, recent tuckpointing, and some kitchen updates. A 2-car brick garage adds additional value and convenience. While the property would benefit from further updating, its substantial building size, spacious apartment layouts, and income potential make it an attractive opportunity for investors or owner-occupants looking to build equity and maximize returns. Bring your vision and unlock the potential of this versatile Logan Square multifamily property! "As-is sale".
Features & Information
Key Details
- List Price $1,100,000
- Property Taxes $6,613
- Year Built 1927
- Status New
- List Market Time 2
Units
-
Unit 1
- Floor G
- Rooms 4
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Rent $0/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires MTM
-
Unit 2
- Floor 1
- Rooms 6
- Beds 3
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher
- Rent $1,800/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires MTM
-
Unit 3
- Floor 2
- Rooms 6
- Beds 3
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher
- Rent $0/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires VAC
-
Unit 4
- Floor 3
- Rooms 6
- Beds 3
- Baths 1
- Appliances Stove, Refrigerator
- Rent $1,500/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires MTM
Exterior Features
-
Parking
- # of Cars: 2
Building Information
- Number of Units 4
- Age of Building 91-100 Years
Location
- County Cook
- Township Jefferson
- Corporate Limits Chicago
- Directions to Property Fullerton To Central Park, Go South To Palmer, Left On Palmer To Address.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 6612.6
- Tax Year 2025
- Tax Exemptions Homeowner,Senior,Senior Freeze
- Parcel Identification Number 13352180120000
Listed by Jose Hernandez for Coldwell Banker Realty | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 11/7/2026 6:02 AM. 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.
Explore Logan Square
Logan Square is a diverse, family-friendly neighborhood with a growing number of restaurants, nightlife and stores, and so much green you'll forget you're in the city. Wide, landscaped boulevards are characteristic of Logan Square – remnants of the past that continue to define the area today. Off the boulevards are a hodgepodge of residences that cover every housing preference, from old mansions to contemporary condominiums. Local eateries and cafés are favorites among Logan Square inhabitants who will find an extensive selection of dining options in all directions. A handful of bars are thrown into the mix, as are theaters and other entertainment venues. Logan Square also offers a decent assortment of retail outlets that embrace both national name brands and those of the homegrown variety. During certain months of the year Logan Square is home to one of Chicago's many farmers' markets, and for anyone who wants to skip out on the Taste of Chicago, you can come to the Taste of Logan Square for a downsized version of the massive food festival.
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