3432 W Palmer Street, Chicago, Illinois 60647
- $528,000
- 5
- BD
- 3
- BA
- Sold Price
- $528,000
- List Price
- $474,900
- Closing Date
- Aug 21, 2025
- MLS#
- 12421035
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 5
- Bathrooms
- 3
- Gross Rental Income
- $3,900
- County
- Cook
- City
- Chicago
- Neighborhood
- Logan Square
- Days On Market
- 6
Property Description
***MULTIPLE OFFERS RECEIVED. OFFERS DUE ON MONDAY AT 1 PM.*** Come check out this oversize legal 2-unit in the heart of Logan Square just two blocks to Palmer Square! This home features many updates and a rare, finished 3rd floor to create an owner's duplex-up unit featuring 3 bedrooms and 2 bathrooms. Unit #1 is currently rented and features 2 bedroom and 1 bath with the bathroom recently redone (~2020). This unit features large, newer south-facing windows overlooking tree-lined Palmer Street in the spacious and sunny living room. The kitchen was cosmetically updated around 10 years ago with newer oak cabinets and stainless-steel appliances. The kitchen leads to a spacious private back deck overlooking the large back yard. Both units have central air and gas forced air heat, paid for by the tenants. Unit #2 is a duplex-up unit featuring 3 bedrooms and 2 bathrooms. The main level features a front living room with the same large (newer) windows overlooking the charming street. The full bathroom on the main level of unit #2 was redone in January 2025. The kitchen was updated around 10 years ago, also with oak cabinetry and features white appliances. The kitchen leads to the private rear deck with views of the large yard. This main level of unit #2 is rounded out with two bedrooms and a staircase heading to the third level. The top floor of unit #2 features one large bedroom, bathroom (age unknown) and an additional Family Room and work space. Generous space in all units, plus the perfect location in perennially popular Logan Square! With this incredible location and massive potential, this building fits the bill for both seasoned and newer investors, or it's a perfect fit for owner-occupants or first-time buyers. Newer siding on sides and rear plus attic dormer (front brick veneer is of an unknown age). All HVAC replaced in 2013/2014. Shared laundry located in the unfinished basement. Note: this home sits in the ADU Pilot Area, so creating a 3rd apartment (coach house, basement, etc.) is an option for additional income. Easy walk to Palmer Square park, tons of nearby restaurants including Punta Cana, Park & Field, Lula Cafe, Lardon, Giant, Parson's Chicken and Fish and so much more! Building is being sold "As Is."
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Additional Information
- School District
- 299
- Elementary School
- Darwin Elementary School
- Middle School
- Darwin Elementary School
- High School
- Kelvyn Park High School
- Corporate Limits
- Chicago
- Tax Year
- 2023
- Tax Amount
- $7,686
- Year Built
- 1900
- Lot Dimensions
- 25X125
- Lot Size Range
- Standard Chicago Lot
- Units
- 2
- Garage Spaces
- 2
- Parking Spaces
- 2
- Parking Details
- Garage Door Opener, On Site, Garage Owned, Detached, Garage
- Heating
- Natural Gas, Forced Air
- Sewer
- Public Sewer
- Basement
- Yes
- Total Rental Income
- $3,900
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Selling Office: Second City Real Estate.
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