Active Under Contract

$524,900

4101 Potomac Avenue, Chicago, IL 60651
10 Beds4 Baths52 days
4101 Potomac Avenue·Chicago, IL 60651
10Bedrooms
4Bathrooms
1920Year Built
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.

MLS# 12701545Listed July 10, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms10
Total Bathrooms4
Total Rooms22

Size & Structure

Garage Spaces1
Year Built1920
Lot Size26 x 126

Location

CountyCook
TownshipWest Chicago
Zip Code60651

Financial

List Price$524,900
Annual Taxes (2023)$4,377
Monthly Tax Est.$365
Parcel #16032300240000
Interior Features

Heating

Natural Gas

Basement

Partially FinishedFull
Exterior & Lot

Construction

Vinyl SidingBrick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

YesAttachedGarage
Tax & Financial
Annual Taxes
$4,377
Tax Year 2023
Monthly Tax Est.
$365
per month
Property Location

4101 Potomac Avenue, Chicago, IL 60651 — Cook County

$524,900
4101 Potomac Avenue
10 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
52 days on market
1-car garage
26 x 126
$4,377/yr taxes
$3,123
estimated monthly payment
Principal & Interest
$2,759/mo
Property Tax
$365/mo
$524,900
20% — $104,980
3%50%
6.875%
3%12%
Loan Amount
$419,920
Down Payment
$104,980

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Essex 312, LLC
Agent: Jack Doyle
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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