4136 W Palmer St, Chicago, IL, 60639
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.
Getting Around
Somewhat Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1923
Materials
- Construction materials: Brick
Notable Dates
- Major remodel year: 2017
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Finished,Full
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Heating features: Natural Gas
Property
Details
- Parcel number: 13342130430000
- Zoning: MULTI
- Special condition: None
Lot
- Lot size: 3,484 sqft
- Lot size dimensions: 31X125
Parking
- Total spaces: 2
- Parking features: Yes,Garage Owned,Detached,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,304 | $63,648 |
| Home Insurance * | $601 | $7,212 |
| Property Taxes | $1,512 | $18,144 |
| Electricity | $130 | $1,569 |
| Total | $7,547 | $90,564 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-17 | Listed for sale | $1,075,000 |
| 2024-07-28 | Listing removed | -- |
| 2024-07-10 | Price change | $1,550 |
| 2024-06-24 | Price change | $1,575 |
| 2024-06-02 | Listed for rent | $1,600 |
| 2024-05-25 | Listing removed | -- |
| 2024-05-09 | Listed for rent | $1,600 |
| 2023-06-27 | Listing removed | -- |
| 2023-05-16 | Listed for rent | $1,575 |
| 2021-07-22 | Listing removed | -- |
| 2021-07-21 | Price change | $1,295 |
| 2021-07-17 | Price change | $1,325 |
| 2021-07-01 | Listed for rent | $1,350 |
| 2021-03-04 | Listing removed | -- |
| 2020-07-20 | Listing removed | $1,350 |
| 2020-07-16 | Price change | $1,350 |
| 2020-07-06 | Price change | $1,375 |
| 2020-06-13 | Price change | $1,435 |
| 2020-06-04 | Price change | $1,445 |
| 2020-05-16 | Listed for rent | $1,295 |
| 2019-02-19 | Listing removed | $1,195 |
| 2019-02-14 | Price change | $1,195 |
| 2019-01-29 | Listed for rent | $1,295 |
| 2018-03-21 | Listing removed | $1,295 |
| 2018-03-04 | Listed for rent | $1,295 |
| 2016-01-20 | Sold | $360,000 |
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