4101 W Potomac Avenue, Chicago, IL 60651
Local realty services provided by:CENTURY 21 New Beginnings
4101 W Potomac Avenue,Chicago, IL 60651
$550,000
- 10 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: jack doyle, quinn evans
Office: essex 312, llc.
MLS#:12701545
Source:MLSNI
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Price summary
- Price:$550,000
About this home
**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....
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Home facts
- Year built:1920
- Listing ID #:12701545
- Updated:October 29, 2026 at 10:28 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:22
- Basement Description:Full, Partially Finished
Heating and cooling
- Heating:Gas
Structure and exterior
- Year built:1920
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$550,000
- Tax amount:$4,377 (2023)
Parking
- Total parking spaces:1
- Parking description:Attached Garage, Garage
- Garage:Yes
- Garage spaces:1
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