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Updated Two-Unit Residential Income Property
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3703 W Palmer Street, Chicago, IL 60647

Fully rented two-flat with in-unit washer/dryers and extensive renovations, including updated kitchens, baths, and major mechanicals.

Property SizeContact for details
Days on Market121

Property Features for 3703 W Palmer Street

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 2

Amenities

in-unit washer/dryers
central A/C
new siding
new windows
new furnaces
new water heaters
new electric
new plumbing
individual meters
spray foam insulation
beautiful railing on upper staircase
new concrete pad in backyard

Building Details

Stories 2
Tenancy Multi
Listing Agency: 24 Hour Real Estate LLC
Listed By: Ivan Yusypyuk · License #475174822
Source: Crexi
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 22 at 2:12PM

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 24 Hour Real Estate LLC

Investment Insights

Based on property information with market context.

This updated two-flat at 3703 W Palmer Street in Chicago is move-in ready and features substantial interior and exterior improvements. Both units have been refreshed with renovated bathrooms, elegant brass-gold fixtures, classic white subway tile, and stylish floor tile. Kitchens include quartz countertops, stainless steel appliances, and 42-inch cabinets. Additional interior upgrades include new doors and trim, recessed lighting, fresh paint, and in-unit washer/dryers, along with an updated railing on the upper staircase.

Exterior work includes new siding and windows, an updated front stoop, and a new concrete pad in the backyard. Major mechanical systems have been upgraded throughout, including new furnaces, water heaters, electric and plumbing, individual meters, and spray foam insulation throughout and between floors for added noise reduction.

With both units currently rented, the property is positioned as a turnkey, income-generating residential asset.

Key Highlights

  • Fully rented two‑flat with both units currently leased
  • Modern kitchens with quartz countertops, stainless steel appliances, and 42 in. cabinets
  • Fully renovated bathrooms with brass/gold fixtures, white subway tile, and stylish floor tile

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Nursing Home Catering Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,675
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Fully rented two-flat with in-unit washer/dryers and extensive renovations, including updated kitchens, baths, and major mechanicals.
Where is this duplex located?
The property is located at 3703 W Palmer Street Chicago, IL.
What are key features of this property?
This property features: Fully rented two‑flat with both units currently leased; Modern kitchens with quartz countertops, stainless steel appliances, and 42 in. cabinets; Fully renovated bathrooms with brass/gold fixtures, white subway tile, and stylish floor tile
(312) 291-8047 Call to check price and availability
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