Properties

Features
: Natural Gas
: Full , Finished
: Garage Owned , Garage , Detached , Yes
: Public Sewer
Address Map
US
IL
Cook
Chicago
60639
Palmer
4136
Street
W88° 16' 9.7''
N41° 55' 15.2''
Pulaski to Palmer West to 4136
CHI - Hermosa
CHI - Hermosa
W
W
MULTI
Neighborhood
299
299
299
Additional Information
: Brick
2
31X125
: Public
Real 1 Realty
Travis Bjork
Financial
8682
Listing Information
881089
87587
MRED
: None
Listing Information
Active
2026-04-26T09:23:01Z
2026-04-23T05:05:30Z
Property Description

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.

Residential Income For Sale

4136 W Palmer Street, Chicago, Illinois 60639

  • Bedrooms : 10
  • Bathrooms : 6
  • Lot Size: 0.08 Acre
$1,075,000
Listing ID#12621822
QR Code
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 12621822
Price : $1,075,000
Bedrooms : 10
Bathrooms : 6
Year Built : 1923
Lot Size : 0.08 Acre
Listing Status : Active
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