2521 W Palmer Street
Chicago, IL 60647

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $650,000
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About this home

Nestled in between the vibrant neighborhoods of Logan Square, West Bucktown, and Palmer Square this 3-flat residence presents a unique investment opportunity. Offering a front building with two units, a rare updated Coach House that lives and feels like a single family plus a decent size courtyard this property is ideal for those seeking both a living space and rental income. With some updating and personal touches needed to the front building, this property has the potential to shine as a lucrative investment or a charming owner-occupied residence. The spacious layout, situated on a 28 foot wide lot, provides flexibility for customization, while the prime location ensures easy access to the area's amenities, including dining, shopping, the El, the 606 trail, and entertainment options. Don't miss the chance to unlock the full potential of this property and make it your own in one of Chicago's most sought-after neighborhoods.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1881
Exterior Building Type Vinyl Siding
Parking None
Rehab Year 2009
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Logan Square
Corporate Limits Chicago
Directions Western Avenue to Palmer (North of ARMITAGE 2000(N)) West two blocks to 2521.
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Space Heater
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Lake View
Interior Features
Basement Description Unfinished
Basement Bathrooms No
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 4
Full Baths in Building Count 4
Total Rooms 12
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 850
Appliances And Features Stove, Refrigerator, Dishwasher
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 4
Security Deposit 850
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 2
Appliances And Features Stove, Refrigerator, Dishwasher
Full Baths Total 2
Lease Expiration Date 01/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 2
Baths Total 2
Actual Rent 1800
Appliances And Features Stove, Refrigerator, Dishwasher
Full Baths Total 1
Half Baths Total 1
Lease Expiration Date 08/24
Rooms Total 4
Security Deposit 1800
Tenant Pays Electric, Gas, Heat
Floor Number 1
Property / Lot Details
Lot Dimensions 28X112
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat, Coach House
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Financing Conventional
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 13362220140000
Special Assessments N
Taxes $21,991
Tax Year 2021
$650,000 Listing Price:
MLS # 12018020
Investment Profile Residential Income
Listing Market Time 115 days
Basement Full
Type Unit 3 Flat, Coach House
Number of Units in Building 3
Parking None
List Date 04/02/2024
Year Built 1881
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