NOT LISTED FOR SALE

3501 W Palmer St Unit 1 Chicago, IL 60647

Logan Square Neighborhood

Estimated Value: $692,482 - $900,000

2 Beds
5 Baths
800 Sq Ft
$1,036/Sq Ft Est. Value

About This Home

Available NOW, One bedroom + Office.
Easy access to parking, laundry, and Pet Friendly.
4 blocks west of Palmer Square!

Amenities Include:
- Bedroom is King Size+!
- Office could be considered second bedroom.
- Coin Laundry.
- Furnace Heat. Window AC.
- Stainless steel appliances.
- Parking space additional $70/month.

MEASUREMENTS
Kitchen: 11.5 x 11.5
Living Room: 10 x 8.5
Primary Bedroom: 11.5 x 11.5 plus closet
Office: 7.5 x 8

***Owner asks 700+ credit scores or cosigner would be needed to lease.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2017
Sold by
Ravenswood Management Llc
Bought by
Palmer Management Llc
Current Estimated Value
$829,161

Purchase Details

Closed on
Aug 3, 2015
Sold by
Ravenswood Management Llc
Bought by
Palmer Management Llc

Purchase Details

Closed on
Jun 4, 2015
Sold by
Mugerditchian Mark and Mugerditchian Theresa L
Bought by
Ravenswood Management Llc

Purchase Details

Closed on
Mar 23, 2009
Sold by
Lasalle Bank National Association
Bought by
Mugerditchian Mark

Purchase Details

Closed on
Oct 20, 2008
Sold by
Rivera Carmen A and Rivera Alvarez Carmen A
Bought by
Lasalle Bank Na

Purchase Details

Closed on
Jan 25, 2006
Sold by
Alvarez Hermes and Rivera Carmen A
Bought by
Alvarez Hermes and Rivera Carmen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
8.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 24, 2006
Sold by
Alvarez Hermes
Bought by
Alvarez Hermes and Rivera Carmen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
8.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 11, 2003
Sold by
Justiniano Wilfredo
Bought by
Alvarez Hermes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,600
Interest Rate
8.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Palmer Management Llc -- Attorney
Palmer Management Llc -- Attorney
Ravenswood Management Llc $431,500 Chicago Title Insurance Co
Mugerditchian Mark $160,000 First American Title
Lasalle Bank Na -- None Available
Alvarez Hermes -- Northwest Title & Escrow Cor
Alvarez Hermes -- Northwest Title & Escrow Cor
Alvarez Hermes -- Cst
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mugerditchian Mark $202,500
Previous Owner Mugerditchian Mark $210,000
Previous Owner Mugerditchian Mark $200,000
Previous Owner Alvarez Hermes $495,000
Previous Owner Alvarez Hermes $418,000
Previous Owner Alvarez Hermes $300,000
Previous Owner Alvarez Hermes $230,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Off Market $1,590 -- --
05/28/2025 05/28/25 Price Changed $1,590 0.0% $2 / Sq Ft
05/28/2025 05/28/25 For Rent $1,590 -5.9% --
05/17/2025 05/17/25 Off Market $1,690 -- --
05/12/2025 05/12/25 Off Market $1,790 -- --
04/29/2025 04/29/25 For Rent $1,690 -5.6% --
03/28/2025 03/28/25 For Rent $1,790 +19.3% --
03/06/2025 03/06/25 Off Market $1,500 -- --
02/21/2025 02/21/25 For Rent $1,500 -- --

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,625 $43,522 $11,292 $32,230
2023 $5,483 $26,566 $9,156 $17,410
2022 $5,483 $26,566 $9,156 $17,410
2021 $5,360 $26,566 $9,156 $17,410
2020 $5,576 $24,940 $4,425 $20,515
2019 $5,780 $28,667 $4,425 $24,242
2018 $5,663 $28,667 $4,425 $24,242
2017 $7,506 $34,869 $3,967 $30,902
2016 $6,984 $34,869 $3,967 $30,902
2015 $6,390 $34,869 $3,967 $30,902
2014 $5,210 $28,082 $3,662 $24,420
2013 $5,107 $28,082 $3,662 $24,420
Source: Public Records

Map

Illinois Cook County Chicago 60647 Logan Square

3501 W Palmer St Unit 1, Chicago, IL

This home is located at 3501 W Palmer St Unit 1, Chicago, IL 60647 and is currently estimated at $829,161, approximately $1,036 per square foot. 3501 W Palmer St Unit 1 is a home located in Cook County with nearby schools including Mozart Elementary School, Kelvyn Park High School, and Good Shepherd Christian Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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