4101 W Potomac AVE, Chicago, IL 60651
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4101 W Potomac AVE, Chicago, IL 60651
4101 W Potomac AVE, Chicago, IL 60651
4101 W Potomac AVE, Chicago, IL 60651
4101 W Potomac AVE, Chicago, IL 60651
Listed by Jack Doyleof Essex 312, LLC
Bought with Diana Marquez of RE/MAX LOYALTY

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Est.Price: ?

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4101 W Potomac AVE Chicago, IL 60651

10 Beds


Key Details

Sold Price -

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12701545

Sold Date -

Bedrooms 10

Year Built 1920

Annual Tax Amount $4,377

Tax Year 2023

Lot Dimensions 26 x 126

Property Sub-Type Two to Four Units

Property Description

**Exceptional House-Hack & Value-Add Multifamily Opportunity in Humboldt Park** This property presents a rare opportunity for an aspiring house-hacker or experienced investor to acquire a fully renovated multifamily asset with significant upside potential in a Humboldt Park market experiencing positive rent growth trends. The building features a **legal 4-unit configuration with two additional non-conforming units**, offering a unique opportunity to maximize income potential. Situated on an **oversized, lot-line-to-lot-line corner parcel directly across from a designated urban garden**, the property benefits from exceptional visibility, strong curb appeal, and desirable neighborhood positioning. All renovations have been completed in accordance with **City-approved plans and permits**, which are available in the additional property documentation. The completed improvements provide a turnkey foundation for an investor seeking immediate cash flow while retaining multiple avenues for future value creation. Current rents remain substantially below market, creating a clear path for future income growth through lease-up, turnover, and strategic repositioning. The two non-conforming units may provide additional upside through potential legalization under Chicago's ADU program, subject to buyer verification of zoning requirements, eligibility, and applicable City approvals. With renovated interiors, significant rental upside, flexible ownership strategies, and multiple paths to enhance value, this property represents a compelling opportunity for both owner-occupants and long-term multifamily investors.

Location

State IL

County Cook

Rooms

Basement Partially Finished, Full

Interior

Heating Gas

Fireplace N

Exterior

Garage Spaces 1.0

View Y/N true

Building

Sewer Public Sewer

Water Lake Michigan

Structure Type Vinyl Siding,Brick

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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