Legal 3-Flat with Vacant
For Sale
$849,000
Pending
3517 West Palmer Street, Chicago, IL 60647
Legal three-flat with all units above grade and one unit vacant beginning August 1, plus unfinished basement storage.
Property SizeContact for details
Days on Market85
Property Features for 3517 West Palmer Street
General Information
Standard status
Pending
Total Parking Spaces
2
Property subtype
Two to Four Units / 3 Flat
Zoning
MULTI
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,410
Amenities
washer & dryer in basement
generous basement storage
free street parking
Building Details
Year Built
1914
Tenancy
Multi
Listing Agency:
Gates and Gables Realty
Listed By:
Kathleen Bak · License #471018038
(847) 609-8378
Source:
Compass
Added: Jun 17
Changed: Aug 8
Last Checked: Jul 24 at 3:13PM
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.
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
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,959
Businesses Nearby
Explore this area
Business Placement
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
