NOT LISTED FOR SALE

3580 W Palmer St Chicago, IL 60647

Logan Square Neighborhood
8 Beds
4 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold August 31, 2020

Last sale price $756,500

10 Days on Market

Highlights

  • Corner Lot
  • Porch
  • Forced Air Heating System

About This Home

As of August 2020

Hard to find, turnkey, immaculate four-unit building in hot Logan Square! Oversized building fills the entire lot with newly rehabbed 5 rm, 2 BR units, each with new kitchens, baths, refinished floors, freshly painted, new mechanicals. New roof, freshly tuck-pointed, new lintels, new plumbing-all the structural work is complete, making a solid, low-maintenance investment for years to come! Unfinished basement features two sets of coin operated laundry and lots of storage. Two front units are identical, two back units are identical and have large porches. 2 car parking pad for xtra income. Rent significantly under market-neighborhood avg for similar units is $1600-1700/mo each. Rental income per month $5500 could be $6400-6800 Agent owned. ONLY SHOWING 1 FRONT AND 1 BACK UNIT FOR ALL SHOWINGS.

Last Agent to Sell the Property

Brooke Daitchman

Baird & Warner License #475137146 Listed on: 07/06/2020

Baird & Warner

Co-Listed By

Michelle LeSueur

Dream Town Real Estate

Last Buyer's Agent

Grigory Pekarsky

Vesta Preferred LLC License #471002400

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,433

Year Built

  • Built in 1916 | Remodeled in 2017

Lot Details

  • Lot Dimensions are 24x125
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Porch

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $66,000
  • Net Operating Income $51,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,433

Year Built

Built in 1916 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1916
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • Rebuilt Year: 2017
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors,Walk-In Closet,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors,Walk-In Closet,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors,Walk-In Closet,Oven/Built-in
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors,Walk-In Closet,Oven/Built-in
  • Room: 5

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 750000
  • Lot Features: Corner Lot
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 24X125
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: All

Multi Family

  • Net Operating Income: 51500
  • GrossIncome: 66000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 8432.64
  • Tax Year: 2019
  • Tax Exemptions: None

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $756,500 +0.9% --
07/16/2020 07/16/20 Pending -- -- --
07/06/2020 07/06/20 For Sale $750,000 +85.2% --
04/05/2016 04/05/16 Sold $405,000 0.0% --
01/06/2016 01/06/16 Pending -- -- --
12/15/2015 12/15/15 Price Changed $405,000 0.0% --
12/15/2015 12/15/15 For Sale $405,000 0.0% --
11/13/2015 11/13/15 Pending -- -- --
11/06/2015 11/06/15 Off Market $405,000 -- --
10/30/2015 10/30/15 For Sale $399,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brooke Daitchman

    Seller's Agent in 2020

    Brooke Daitchman

    Baird & Warner

    (773) 412-3047

    12 in this area

    176 Total Sales

    Brooke Daitchman
    Section Image

  • M

    Seller Co-Listing Agent in 2020

    Michelle LeSueur

    Dream Town Real Estate

    Section Image
  • Grigory Pekarsky

    Buyer's Agent in 2020

    Grigory Pekarsky

    Vesta Preferred LLC

    (773) 974-8014

    53 in this area

    1,787 Total Sales

    Grigory Pekarsky
    Section Image

  • L

    Seller's Agent in 2016

    Luis Serrano

    Keller Williams Thrive

    55 Total Sales

    Luis Serrano
    Section Image
  • George Selas

    Buyer's Agent in 2016

    George Selas

    Baird & Warner

    (312) 925-7666

    5 in this area

    104 Total Sales

    George Selas
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10771360

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60647 Logan Square

3580 W Palmer St, Chicago, IL

This home is located at 3580 W Palmer St, Chicago, IL 60647 since 06 July 2020. This property was built in 1916. 3580 W Palmer St is a home located in Cook County with nearby schools including Mozart Elementary School, Kelvyn Park High School, and Good Shepherd Christian Academy.

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