5+ Days Ago
Highlights
- Quiet street
- Eat-in kitchen
- Ample living room space
- Spacious and bright apartment
Location
4940 W Palmer St #2W, Chicago, IL 60639, USA|Belmont Cragin
Tour 4940 W Palmer St #2W
Contact
Viva Properties 773-583-5449
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Amenities for 4940 W Palmer St #2W, Belmont Cragin
Building
| Cats OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Dog Policy
Not allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 4940 W Palmer St #2W
Sweet deal!
This listing is 23% below the median price for 2 bedroom apartments in Belmont Cragin.
Spacious and bright 2 bedroom apartment in Hermosa. 2 bedrooms large enough for queen beds and furniture, and have their own closets. Eat-in kitchen and ample living room space. Located on a quiet street in a quiet building. 1 cat is permitted, no dogs allowed. Requirements: 1 year lease 1 month security deposit. Credit and eviction check, no evictions. Total take home income needs to be 3x the rent. Minimum credit score of 650, some flexibility is lower due to medical bills or student loans. Schedule appointment online or call 773-583-5449
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 4940 W Palmer St, Chicago, IL 60639, USA compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 0.1 mile away
- Elementary school nearby
- There is an elementary school 0.1 mile away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Address details
| Neighborhood | Belmont Cragin |
|---|---|
| Zip code | 60639 |
| Type | Apartment for rent |
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Rent trends in Belmont Cragin
2-bedroom apartments at 4940 W Palmer St #2W cost about 23% less than the average rent price for 2-bedroom apartments in Chicago.
Median rents as of Oct 11 2025.
Belmont Cragin
Chicago
| Month | Median Rent |
|---|---|
| October 2023 | $2,595 |
| November 2023 | $2,636 |
| December 2023 | $2,691 |
| January 2024 | $2,724 |
| February 2024 | $2,722 |
| March 2024 | $2,929 |
| April 2024 | $2,662 |
| May 2024 | $2,648 |
| June 2024 | $2,764 |
| July 2024 | $2,862 |
| August 2024 | $2,702 |
| September 2024 | $2,706 |
| October 2024 | $2,704 |
| November 2024 | $2,621 |
| December 2024 | $2,508 |
| January 2025 | $2,470 |
| February 2025 | $2,498 |
| March 2025 | $2,508 |
| April 2025 | $2,495 |
| May 2025 | $2,498 |
| June 2025 | $2,498 |
| July 2025 | $2,550 |
| August 2025 | $2,491 |
| September 2025 | $2,419 |
| October 2025 | $2,433 |
| Month | Median Rent |
|---|---|
| October 2023 | $1,373 |
| November 2023 | $1,410 |
| December 2023 | $1,422 |
| January 2024 | $1,390 |
| February 2024 | $1,476 |
| March 2024 | $1,449 |
| April 2024 | $1,482 |
| May 2024 | $1,482 |
| June 2024 | $1,512 |
| July 2024 | $1,499 |
| August 2024 | $1,498 |
| September 2024 | $1,506 |
| October 2024 | $1,548 |
| November 2024 | $1,577 |
| December 2024 | $1,518 |
| January 2025 | $1,520 |
| February 2025 | $1,652 |
| March 2025 | $1,612 |
| April 2025 | $1,587 |
| May 2025 | $1,591 |
| June 2025 | $1,571 |
| July 2025 | $1,532 |
| August 2025 | $1,539 |
| September 2025 | $1,517 |
| October 2025 | $1,500 |
Affordability calculator
Can I afford to live at 4940 W Palmer St #2W?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$46,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $46,000 annually to afford this 2-bedrooms monthly rent price of $1,150.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 1 year ago | $1,200 | 2 bed | 1 bath | ||
| 2 years ago | $1,050 | 2 bed | 1 bath |
Schools near 4940 W Palmer St #2W
Lloyd Elementary School
2103 n lamon ave
chicago, IL, 60639
PK, K-5Public
C-
Belmont-Cragin Elementary School
5252 w palmer st
chicago, IL, 60639
PK, K-8Public
C-
Chicago Academy Elementary School
3400 n austin ave
chicago, IL, 60634
PK, K-8Public
B-
Plato Learning Academy Elementary School
5545 w harrison st
chicago, IL, 60644
K-8Public
C-
North River Elementary School
4416 n troy st
chicago, IL, 60625
PK, K-8Public
C+
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Internet available near 4940 W Palmer St #2W
Neighborhood
Belmont Cragin | Chicago, IL
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Chicago near 4940 W Palmer St #2W
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
4/10
Roads are accessible, but parking may be a challenge.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
6/10
Frequent public transit options are within walking distance.
Points of interest for 4940 W Palmer St #2W, Chicago
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
7/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
7/10
Variety of restaurants within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
4/10
Few or no bars within walking distance
Other units at this address
4940 W Palmer St, Chicago, IL
4940 W Palmer St Chicago, IL
Occupied
2E
2 Beds
1 Bath
$1,200
Hardwood Floor
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