Question 1: Let $\mathcal A$ be an abelian group. Does there exist an inverse system $(A^n)_{n \in \mathbb N} = (\cdots \to A^n \to A^{n-1} \to \cdots \to A^0)$ such that $\varprojlim^1 A^\bullet \cong \mathcal A$? If not, can we characterize the abelian groups which are $\varprojlim^1$ groups or at least say anything interesting about their isomorphism types?
The remaining questions are meant to be refinements of Question 1.
Question 2: Let $\mathcal B^0,\mathcal B^1$ be abelian groups. Does there exist an inverse system $(B^n)_{n \in \mathbb N}$ such that $\varprojlim^i B^\bullet \cong \mathcal B^i$ for $i=0,1$?
If $(C^n)_{n \in \mathbb N}$ is an inverse system, there is a canonical two-term chain complex which we'll call $\mathbf{Lim} (C^\bullet) = (\prod_{n \in \mathbb N} C^n \to \prod_{n \in \mathbb N} C^n)$, where the differential is $(c^0,c^1,\dots) \mapsto (c^0 - \gamma c^1,c^1-\gamma c^2,\dots)$ where $\gamma$ ambiguously denotes any of the linking maps for the inverse system $C^\bullet$. The point, of course, is that $H^i(\mathbf{Lim} (C^\bullet)) = \varprojlim^i(C^\bullet)$ for $i=0,1$.
Question 3: Let $\mathcal C^\ast = (\mathcal C^0 \to \mathcal C^1)$ be a two-term chain complex of abelian groups. Does there exist an inverse system $(C^n)_{n \in \mathbb N}$ of abelian groups such that $\mathbf{Lim}(C^\bullet)$ is quasi-isomorphic to $\mathcal C^\ast$?
If $(D^{n,\ast})_{n \in \mathbb N}$ is an inverse system of chain complexes of abelian groups, then define $\mathbf{Lim}(D^{\bullet,\ast})$ by by applying $\mathbf{Lim}$ levelwise to obtain a double complex, and then taking the diagonal.
Question 4: Let $\mathcal D^\ast$ be a chain complex of abelian groups. Does there exist an inverse system $(D^{n,\ast})_{n \in \mathbb N}$ of chain complexes of abelian groups such that $\mathbf{Lim}(D^{\bullet,\ast})$ is quasi-isomorphic to $\mathcal D^\ast$?