4136 W Palmer Street, Chicago, IL 60639
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
4136 W Palmer Street,Chicago, IL 60639
$1,049,000
- 10 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: travis bjork
Office: real 1 realty
MLS#:12621822
Source:MLSNI
Price summary
- Price:$1,049,000
About this home
Compelling cash-flow investment featuring $108,000+ annual rental income from annual leases to strong-credit tenants, $80,500 NOI, 7.5 cap rate, and 9.95 GRM at asking price. Turnkey all-brick asset offering additional upside through furnished rentals, laundry, garage, and parking income. Located just west of Logan Square, this well-maintained Chicago apartment building sits in a stable residential setting surrounded by well-kept single-family homes and benefits from consistent rental demand. Just two blocks from the Healy Metra station and the Fullerton bus line, providing convenient commuter access and strong tenant appeal. The property has been substantially improved in recent years and offers an attractive blend of updated interiors and preserved vintage character. EVERY unit features fully updated kitchens and baths consistent with the property photos, along with stainless steel appliances, granite countertops, refinished hardwood flooring, original stained-glass accents, and quality woodwork throughout. Capital improvements include tuckpointing, newer individually controlled forced-air furnaces, central air systems, updated hot water heaters, and other key mechanical upgrades. Additional value is provided through on-site coin laundry, 2-car garage, private parking pad, and ample free street parking. The building offers a total of 10 bedrooms and 6 bathrooms across the property. Well-positioned investment property with immediate cash flow, strong in-place income, and continued upside potential....
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Home facts
- Year built:1923
- Listing ID #:12621822
- Updated:September 28, 2026 at 10:28 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:6
- Full bathrooms:6
- Basement Description:Finished, Full
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1923
- Lot area:0.08 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,049,000
- Tax amount:$8,682 (2023)
Parking
- Total parking spaces:2
- Parking description:Detached Garage, Garage
- Garage:Yes
- Garage spaces:2
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