To find the midpoint of the chord, we first find the equation of the chord and use the midpoint formula. The equation of the chord is given by:
\[
2x + y - 4 = 0 \quad \text{and} \quad y^2 = 4x
\]
The intersection of this equation will give the points on the parabola. Solving these equations, we find the midpoint to be $\left( \frac{5}{2}, -1 \right)$.