IL
Cook
Chicago
60651
4101 W Potomac Avenue
4101 W Potomac Avenue, Chicago, IL 60651
Share Listing
Listing Type
Multi Family
Listing Status
Active
19
$524,900

Home Details for 4101 W Potomac Avenue

Price
$524,900
Type
Residential Income
Bedrooms
10
Total Bathrooms
4
Year built
1920
County
Cook
Total rooms
22
Garage
1
Basement
Partially Finished, Full
MLS Listing#
12701545
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.

Property Features
  • Parking
    • Attached
    • Garage
  • Basement
    • Partially Finished
    • Full
  • Heating Information
    • Natural Gas
  • Garage
    • 1
Listing Courtesy: Essex 312, LLC - 773-305-4858
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-07-24 18:10:48. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2026-07-24 18:10:48
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EXIT GRACE REALTY
2945 N. Milwaukee Ave. Ste B, Chicago, IL 60618
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