ClosedPrice Reduced

$1,049,000

$1,075,000
4136 Palmer Street, Chicago, IL 60639
10 Beds6 Baths120 days
4136 Palmer Street·Chicago, IL 60639
10Bedrooms
6Bathrooms
1923Year Built
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.

MLS# 12621822Listed April 17, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms10
Total Bathrooms6
Total Rooms0

Size & Structure

Garage Spaces2
Year Built1923
Lot Size0.080 acres

Location

CountyCook
TownshipJefferson
Zip Code60639

Financial

List Price$1,049,000
Original Price$1,075,000
Annual Taxes (2023)$8,682
Monthly Tax Est.$724
Parcel #13342130430000
Interior Features

Heating

Natural Gas

Basement

FinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

YesGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$8,682
Tax Year 2023
Monthly Tax Est.
$724
per month
Price Reduced by $26,000
Original list price: $1,075,000
Property Location

4136 Palmer Street, Chicago, IL 60639 — Cook County

$1,049,000
4136 Palmer Street
10 bd6 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
120 days on market
2-car garage
0.080 acres
$8,682/yr taxes
Price reduced $26,000
$6,236
estimated monthly payment
Principal & Interest
$5,513/mo
Property Tax
$724/mo
$1,049,000
20% — $209,800
3%50%
6.875%
3%12%
Loan Amount
$839,200
Down Payment
$209,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Real 1 Realty
Agent: Travis Bjork
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