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3517 West Palmer Street, Chicago, IL, 60647
Legal 3-Flat with Vacant Unit

3517 West Palmer Street Chicago, IL 60647

For Sale
$849,000
Pending

Legal three-flat with all units above grade and one unit vacant beginning August 1, plus unfinished basement storage.

Days on Market38

Property Features for 3517 West Palmer Street

General Information

Standard status
Pending
Property subtype
Two to Four Units / 3 Flat

Building Details

Year Built
1914
Listing Agency: Gates and Gables Realty
Listed By: Kathleen Bak · License #471018038
Source: Compass
Added: Jun 17 Changed: Jul 22 Last Checked: Jul 23 at 6:31AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gates and Gables Realty


Investment Insights

Based on property information with market context.

This classic legal 3-flat features all three units above grade with no garden unit. One unit will be delivered vacant beginning August 1, offering flexibility for an owner-occupant while maintaining rental income from the remaining units. The building also includes a full unfinished basement with washer and dryer, along with generous basement storage and duplex-down potential, subject to buyer verification of zoning, requirements, and city approval.

Additional systems include forced-air heating (three systems) and central A/C in unit 3 with the ability to extend A/C to units 1 and 2. Recent building upgrades include roof sealing and exterior concrete/masonry work. Parking is available with two rear spots, along with free street parking.

The property is described as being moments from Palmer Square Park, the 606 Trail, Blue Line access, and Logan Square dining, shopping, and entertainment options.

Key Highlights

  • Legal 3‑flat (all three units above grade; no garden unit) built in 1914
  • One unit delivered vacant beginning August 1, with rental income from the remaining units
  • Forced‑air heating systems (3); central A/C in unit 3 with ability to A/C units 1 and 2

Property Analytics

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Nursing Home Law Firm HVAC Service Nursing Home Carpet & Flooring Store Catering Service (Bike/Boat/Book/etc) Store Fish Market (Bike/Boat/Book/etc) Store Bed & Breakfast

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Legal three-flat with all units above grade and one unit vacant beginning August 1, plus unfinished basement storage.
Where is this triplex located?
The property is located at 3517 West Palmer Street Chicago, IL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Legal 3‑flat (all three units above grade; no garden unit) built in 1914; One unit delivered vacant beginning August 1, with rental income from the remaining units; Forced‑air heating systems (3); central A/C in unit 3 with ability to A/C units 1 and 2
More about this property
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