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Listed by Fernando Godoyof eXp Realty
-
Est. payment /mo
Price Dropped by $319K
4319 W Potomac Avenue Chicago, IL 60651
5 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12561258
Style Brownstone
Bedrooms 5
Year Built 1924
Annual Tax Amount $5,078
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
In the heart of Chicago's West Humboldt Park neighborhood, 4319 W Potomac Ave presents a rare opportunity to own a classic all-brick two-flat building with tremendous potential for income generation or redevelopment. Whether you're a seasoned investor looking to add to your portfolio or a homeowner interested in the benefits of multi-unit living, this property offers strong fundamentals in a location poised for continued growth. This traditional Chicago-style multi-family structure is situated on a standard city lot with front fencing, gated entry, and alley access. While interior access is not available, public records indicate that each unit is configured with 2 bedrooms and 1 bathroom, along with an additional bathroom in the basement. The full basement layout may offer added possibilities for storage, a garden unit, or expansion, pending city approval. The building's structure appears sound from the exterior, and the classic masonry facade showcases the historic charm that makes two-flats so desirable in Chicago real estate. The front elevation is timeless, with original brickwork and a raised entry that provides privacy and a traditional streetscape. A small concrete front porch leads into each unit through a secured front entry. The fenced front yard allows for some landscaping or curb appeal enhancements. In the rear, alley access provides the opportunity to build a garage or create additional off-street parking - a valuable asset in city living. The West Humboldt Park neighborhood has been steadily developing, offering a mix of established homeowners, long-term tenants, and new renovations bringing renewed energy to the community. The area benefits from convenient public transportation options, including nearby CTA bus routes and access to commuter rail stations that connect to downtown Chicago and surrounding neighborhoods. Major roadways and expressways are easily accessible, making this an ideal location for commuters or renters seeking affordability with access to the city core. Local amenities include a growing list of cafes, small businesses, and neighborhood shops, while national retailers and grocery stores are also nearby for daily convenience. Residents enjoy proximity to green spaces and parks, such as Humboldt Park - one of Chicago's largest and most iconic urban parks - offering athletic fields, trails, cultural programming, and scenic lagoon paths. Schools serving the area range from public neighborhood options to charter and private institutions, giving families multiple educational choices. The walkable layout of the community (without using the term directly) encourages daily engagement with neighbors and local businesses, and nearby community centers and libraries further enrich the residential experience. This property is ideal for those looking to restore or reimagine a classic two-unit building in a location that continues to attract interest and investment. Whether your goal is to live in one unit and rent the other, renovate for resale, or create a multi-generational living solution, 4319 W Potomac Ave offers both potential and flexibility. Occupied property. No interior access or inspections available. Sold strictly As Is. No For Sale sign. Do not disturb occupants - contact is strictly prohibited. Do not contact the listing agent for access or additional information. Seller and listing agent have not inspected the property and make no representations. Room counts, dimensions, and mechanicals are estimated and not guaranteed.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition REO/Lender Owned

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