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$675,000
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Property Description
Legal 2-unit building (with 3rd unit in process unless buyer would rather leave as-is) in an appreciating corridor of Logan Square with significant cash flow in place. The building sits immediately west of Palmer Square and Kedzie Boulevard, with nearby new-build single-family homes under contract near $1.5 million. The existing rent roll comprises approximately $62,400 of annual revenue, representing an 11.9 gross revenue multiple on in-place income. Property recently appraised at $750,000. All units feature in-unit laundry. A brand-new plumbing stack has been completed for the entire building, and new siding was completed in November 2025
Full Property Details
Full Property Details for 3503 W Palmer St
General
- Sold For: $675,000
- Taxes: $4,755 (2017)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12526436
- Added to Site: 8 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Logan Square
- County: Cook
- Driving Directions: West on Palmer to 3503
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Frame
- Exterior Const.: Frame
- Basement Desc.: None
- Year Built: 1891
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.07
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 126
Financial Considerations
- Assessment Year: 1891
- Tax Amount: $4,755.45
- Tax Year: 2017
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 13352190140000
Listed by Compass
Sold by Berkshire Hathaway HomeServices Starck Real Estate
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Schools
Schools serving 3503 W Palmer St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Mozart Elementary School 2200 North Hamlin Avenue, Chicago, IL 60647 | PK-8 | 0.4 mi |
Kelvyn Park High School 4343 West Wrightwood Avenue, Chicago, IL 60639 | 7-8 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3503 W Palmer St
Date
Details
Price
Change
Source
3/17/2026
Sold
$675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3503 W Palmer Street, Chicago, IL 60647 (MLS# 12526436) is a Multi-Family property that was sold at $675,000 on March 17, 2026. Want to learn more about 3503 W Palmer Street? Do you have questions about finding other Multi-Family real estate for sale in Logan Square? You can browse all Logan Square real estate or contact a Coldwell Banker agent to request more information.

