3503 Palmer Street, Logan Square, Chicago, Illinois 60647
$485,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1891 |
| Property Taxes: | $4,755 |
| Days On Market: | 2546 |
| Lot Size: | 0,07 |
Description
Fantastic legal 2 flat with 1 non-conforming unit collectively generating $3,955 monthly / $47,460 annually!! This is a great opportunity for an owner-occupied buyer looking to offset his/ her mortgage by living in one unit and renting out the other. New ownership has the option of adding some TLC to the units then renting them out at market rate. They also have the option of renting out the garage which will generate extra income. Operating expenses minimized through separate unit utilities. Currently, management has maintained a solid base of tenants and has left room for rental growth. This is an excellent opportunity to acquire an investment in a rapidly changing neighborhood. Seller nor broker represent the legality of the top floor 3BR / 1 BA unit. Currently, the unit is rented for $1,280 and the lease end date is 8/31/2019
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1891 | |
| None | |
| — | |
| No | |
| 0.07 |
| Cook | |
| — | |
| — / — | |
| — | |
| Public | |
| Public Sewer | |
| 10374221 | |
| 13352190140000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 17 Jun, 2019 | Sold | $485,000 | MRED MLS |
| 15 May, 2019 | Under contract | $465,000 | MRED MLS |
| 9 May, 2019 | Listed for sale | $465,000 | MRED MLS |
| 17 Mar, 2026 | Sold | $675,000 | MRED MLS |
| 30 Jan, 2026 | Under contract | $750,000 | MRED MLS |
| 9 Dec, 2025 | Listed for sale | $750,000 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: None
Other Specifics
| 2 | |
| — | |
| — | |
| — | |
| — | |
| 25X126 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2019 | $4,755 |
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Listing Provided By
33 Realty
