This classic legal 3-flat, located on a quiet tree-lined street in the heart of Logan Square, offers a unique opportunity for both investors and owner-occupants. The property will be delivered with one vacant unit beginning August 1, creating an ideal opportunity for an owner-occupant to move in while benefiting from rental income from the remaining units. For investors, this also provides flexibility to immediately lease the unit at market rates or implement their own business plan. Property Highlights -Rare legal 3-flat with all three units above grade (no garden unit) -One unit delivered vacant beginning August 1 – ideal for owner-occupants (Unit 1) -Full unfinished basement with duplex-down potential (subject to the buyer verifying zoning, requirements, and city approval) -Potential future ADU opportunity (subject to the buyer verifying zoning, requirements, and city approval) Forced-air heating systems (3) and Central A/C in unit 3 with the ability to AC to units 1 and 2 -Recent building upgrades include the roof sealing and exterior concrete/masonry work -Parking w/ 2 rear spots -Washer & Dryer in the basement Just moments from Palmer Square Park, the 606 Trail, Blue Line access, and Logan Square’s renowned dining, shopping, and entertainment options. Additional features include generous basement storage and free street parking. The property offers multiple paths for future value creation and a legal three-flat like this building is rare to find.
Property Details
Price:
$849,000
MLS #:
MRD12681448
Status:
Active
Beds:
8
Baths:
3
Type:
Multi Family
Neighborhood:
chilogansquare
Listed Date:
Jun 19, 2026
Year Built:
1914
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Community Features
Sidewalks, Street Lights, Street Paved
Construction Materials
Brick, Frame
Parking Features
Off Alley, Yes, Owned
Parking Spots
2
Parking Total
2
Financial
Tax Year
2024
Taxes
$12,410
Map
Community
- Address3517 W Palmer Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60647
Market Summary
Current real estate data for Multi Family in Chicago as of Jun 22, 2026
1,407
Multi Family Listed
81
Avg DOM
$530,468
Avg List Price
Property Summary
- 3517 W Palmer Street Chicago IL is a Multi Family for sale in Chicago, IL, 60647. It is listed for $849,000
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Copyright 2026. All rights reserved.
3517 W Palmer Street
Chicago, IL


