I think there is a lot of potential here for other projects.
You could stack two or three of the chests together and add little ornate feet.
Or cut a larger base and attach four of them (2X2) together with longer legs and some sort of surface for the top. That would make a great little entryway table and place to throw keys and things.
Any other ideas?
Click below for my how-to and cost breakdown.

The Cost
4 Fira mini chests with 5 drawers from Ikea: $36 ($18 each)
8 12″ Wooden legs from Home Depot: $40 ($5 each)
8 Metal top plate (to attach legs to chest) from Home Depot: $16 ($2 each)
Decorative trim, assorted styles, 6-8′ long: approx. $50
Paint: $20
6 Knobs: $15 ($2.50 each)
Wood glue, paint brushes, hardwood for base: $15
Total: $192
$96 each

(This is the base amount. There were some things that we had (nails, sandpaper). We did have to buy a small hacksaw, which was $5)

A note about the mini chests:
I bought the 5-drawer version because it was the only one available at our Ikea. I was actually looking for the 3-drawer one which would be a bit easier to work with. I decided to glue the three little drawers together - now the top drawer has built-in dividers.

How to:
1. Put together the fira mini chests as per Ikea’s lovely instructions.

2. Attach the legs:
You can’t just screw the legs into the chest because then, of course, the bottom drawer wouldn’t open. So get a piece of hardwood cut to the size of the fira chest, or just a smidge smaller. A friendly worker at Home Depot cut ours. Use generous amounts of wood glue to adhere the wood to the bottom of the chest, then hammer small nails along the edge. Screw the metal plates into the wood at the four corners.
Now you can screw the legs in (and off should you need to move it).

2. Glue three top drawers into one.
Attach the three top drawers together with the wood glue and clamp them. I used medium sized binder clips and they worked wonderfully. Our Elmers wood glue said to clamp for 1 hour and let sit for 24 hours. I didn’t have the patience so I set them aside, clamped, for a couple of hours while I did the other things. They were really strong by the time I was ready to use them.

3. Decorate.
Cut all the trim to the size of the chest (not the drawers - so that they will go right to the edge) with a hacksaw. This didn’t take as long as I thought it would. Most trim was thin enough that it just took a couple seconds to saw and then snap them apart. Don’t worry about rough edges.
I laid the pieces out on the floor in the pattern I wanted (the same for both tables).

Some things to keep in mind:
I didn’t want the thin edges of the chest to show much so I let just a tiny bit of trim stick down below each drawer.
Use one of the wider trims as the top layer on each drawer so the little cut out is completely covered.
You need to leave a space between the trim on each drawer to make it easier to attach the knobs later.

Now start gluing the trim to the drawers. Hold each strip down for a minute or so. You can clamp the top trim with a couple of binder clips.
You can attach the trim with little nails but I don’t recommend it - the wood splits very easily.
Attach one strip around the bottom of the chest to cover the hardwood and metal plate (shown below).

4. Let it sit for at least a couple of hours.

5. Sand all the edges.

6. Paint.
You can prime and then paint. Or buy a paint that is primer and paint in one and do two thin coats (this kind of paint is for bathrooms I think but a girl at Home Depot recommended it).
Do not paint the sides of the drawers or the inside of the chest because it’s already a snug fit without layers of paint.
Let it dry overnight.

7. Attach knobs.
Screw them in where you left a space between trims on each drawer.

BTW, Ryan and I found the best deal on these knobs. There’s this amazing store a couple blocks from our place called The Cross (I want pretty much everything in that store) and we stopped in while we were waiting for the paint to dry. They had a bunch of knobs in an old antique dresser but they were all too large. So they sold us the original, perfectly-sized, antique knobs from the six-drawer dresser or $2.50!

The whole process took me the most part of one day. I probably should have waited longer for the glue to set but it still feels very sturdy. It could easily be done as a weekend project.