In December, I compiled a list of new condo developments in Palmer Square, which is a pocket neighborhood in Logan Square, bounded by Fullerton, Milwaukee, Armitage and Kedzie avenues. The Palmer, a seven-unit new-construction development at 3241 W Palmer St, doesn’t belong on that list, because it’s on the wrong side of Kedzie, but it’s actually closer to Palmer Square Park than any of those other buildings that are technically located within the boundaries of Palmer Square.
The Palmer has been on the market for about two months, according to Architectural Investments agent Dennis Wolfe, and all seven of the building’s three-bedroom condos are still available. Wolfe says he’s working on staging a furnished model, which should be ready in 30 to 45 days.
Wolfe says The Palmer’s finishes, which include Grohe and Toto fixtures and natural stone tiles in the kitchens and baths, are what set the development apart from the other new-construction and conversion options in the neighborhood.
The prices of all seven condos were recently reduced, and they’re now priced from the $290s to the $390s. Wolfe says that when buyers search for homes, they search within certain price ranges, and in the case of The Palmer, it was necessary to get the lowest price below $300,000 in order to attract the attention buyers who are searching in a lower price range.
The four 1,300 square-foot three-bedroom / two-bath single-floor units are now priced from the $290s to the $310s, and the three 1,800 square-foot three-bedroom / 2.5-bath duplexes are priced from the $370s to the $390s.