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Brick 10-Bedroom Apartment Building
For Sale
Under Contract
$1,049,000

4136 W Palmer Street, Chicago, IL 60639

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.08 Acres
Days on Market128

Property Features for 4136 W Palmer Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 10
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 6, Bathroom 4, Basement, Bedroom 5, Bedroom 2, Bedroom 9, Bedroom 3, Bedroom 8, Bathroom 2, Bedroom 1, Bedroom 7, Bedroom 6, Bathroom 3, Bathroom 5, Bedroom 10, Bathroom 1, Bedroom 4
Parking 2
Parking features Garage
Basement Finished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions Pulaski to Palmer West to 4136
Subdivision CHI - Hermosa
Standard status Active Under Contract
APN 13342130430000
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 8682

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Amenities

on-site coin laundry

Building Details

Year built 1923
Building materials Brick
Listing Agency: Real 1 Realty
Listed By: Travis Bjork
Added: Apr 17 Changed: Aug 20 Last Checked: Aug 22 at 7:06PM
MLS# 12621822

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1923, this all-brick apartment building contains 10 bedrooms and 6 bathrooms on a 0.08-acre site. Each unit has an updated kitchen and bathroom, stainless steel appliances, granite countertops, refinished hardwood floors, stained-glass details, and woodwork. Building improvements include tuckpointing, individually controlled forced-air furnaces, central air systems, and updated hot water heaters. The property is zoned MULTI and includes coin-operated laundry, a 2-car garage, a private parking pad, and free street parking.

The building is located just west of Logan Square in Chicago, two blocks from the Healy Metra station and the Fullerton bus line. Public water and public sewer serve the property. Annual leases are in place, and the investment metrics include a 7.5 cap rate and 9.95 GRM.

Key Highlights

  • 10 bedrooms and 6 bathrooms across the apartment building
  • All‑brick construction completed in 1923 on a 0.08‑acre site
  • Updated kitchens and baths with stainless steel appliances and granite countertops

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Skin Care Clinic Acupuncture Nursing Home Catering Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,337
Businesses Nearby

Demographics for 60639, IL

89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated interiors, on-site laundry, garage parking, and transit access support this multifamily property.
Where is this apartment building located?
The property is located at 4136 W Palmer Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: 10 bedrooms and 6 bathrooms across the apartment building; All‑brick construction completed in 1923 on a 0.08‑acre site; Updated kitchens and baths with stainless steel appliances and granite countertops
More about this property
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