Want to Live on Palmer Square? A 3-Bedroom Loft at 2950 W. Palmer Square in Logan Square
This 3-bedroom loft at 2950 W. Palmer Square in Logan Square came on the market in August 2020.
Built in 1909, this building has 8 units and outdoor courtyard parking.
This loft is a top floor unit with high concrete ceilings although it doesn’t have any exposed brick or beams.
The listing says there are refinished oak floors in the living/dining/kitchen combo.
The kitchen has light wood cabinets, a stainless steel refrigerator and dishwasher and a white stove, along with a kitchen island.
The listing says the third bedroom could be better used as a den/office as it has 2 walls of glass block.
One of the other bedrooms also has glass block.
It appears that two of the three bedrooms have reddish carpeting (?).
It has a large patio and a 20×15 storage room.
The property has a wood burning fireplace.
It also has all the features buyers look for including central air, washer/dryer in the unit and a gated parking space.
The listing says “Ready for your client’s customization.”
Listed at $425,000 in August, it has been reduced $15,000 to $410,000.
With its location directly on Palmer Square and just a few blocks to the California Blue Line stop, is this better than renting in hot Logan Square?
Richard Anselmo at @Properties has the listing. See the pictures and floor plan here.
Unit #2C: 3 bedrooms, 2 baths, 1607 square feet, loft
- Sold in September 1997 for $164,000
- Sold in May 2008 for $272,000
- Sold in April 2017 for $336,000
- Originally listed in August 2020 for $425,000
- Reduced
- Currently listed at $410,000 (gated parking included)
- Assessments of $443 a month (includes exterior maintenance, lawn care, scavenger, snow removal)
- Taxes of $7973
- Central Air
- Washer/dryer in the unit
- Wood burning fireplace
- Bedroom #1: 13×12
- Bedroom #2: 12×10
- Bedroom #3: 12×8
- Living/dining room: 21×19
- Kitchen: 11×9
- Breakfast room: 12×8
- Balcony
Needs at least 100K of work. Pass.
Not seeing anything warranting a 30% increase in 3 years.
The White stove sticks out like a sore thumb, the painting over the wires is a nice touch, Entry door isnt trimmed out and could you drop $5 and recaulk the tub?
They really arent putting their best foot forward
Looks like a rental
What’s rent like in PS these days? Can you get $2 psf for these sort of 90s-level finishes?
Building looks to have some future issues, with the puddle on the roof right over this unit and the crack in the exterior wall under the post within the glassblock wall in pic 13.
Also enjoy the vintage-style gator deck.
fantastic, glass-block walls.
Hmmm.
Place needs quite a bit of work, but it is a large space and you could do a lot with it.
Is a fan right over a gas stove a feature or a liability?
That black mold in the tub is the reason why most listing photos instead show a shower curtain (cringe).
Are these people really living with no window covering even for the glass block? How much light comes in at night I wonder. You gotta do a night time visit and a daytime visit to make a decision here and the place needs a ton of work. I am similarly unsure if any premium over the 2017 price is warranted however this person hasn’t done a good job managing the AV (or it seems, the unit itself)….looks like it is being taxed as if it is worth around $400K.
Pluses include proximity to the 606 and the unit is large.
This unit just sold at $390,000.
Yes, they made money after owning just 4 years.
Logan Square is on fire.