1731 W Potomac Avenue
Chicago, IL, 60622
$1,725,000
5 Beds
4 Baths
0 SqFt
0 Acres
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$1,725,000
1731 W Potomac Avenue
Chicago, IL, 60622
MLS #MRD12601366 image #0MLS #MRD12601366 image #1MLS #MRD12601366 image #2MLS #MRD12601366 image #3MLS #MRD12601366 image #4MLS #MRD12601366 image #5MLS #MRD12601366 image #6MLS #MRD12601366 image #7MLS #MRD12601366 image #8MLS #MRD12601366 image #9MLS #MRD12601366 image #10MLS #MRD12601366 image #11MLS #MRD12601366 image #12MLS #MRD12601366 image #13MLS #MRD12601366 image #14MLS #MRD12601366 image #15MLS #MRD12601366 image #16MLS #MRD12601366 image #17MLS #MRD12601366 image #18MLS #MRD12601366 image #19MLS #MRD12601366 image #20MLS #MRD12601366 image #21MLS #MRD12601366 image #22MLS #MRD12601366 image #23MLS #MRD12601366 image #24MLS #MRD12601366 image #25MLS #MRD12601366 image #26MLS #MRD12601366 image #27
Turnkey, fully renovated 5-unit apartment building in the heart of Wicker Park – one of Chicago’s most sought-after neighborhoods. Gut rehabbed in 2021 with high-end finishes throughout, this 8 bed / 5 bath building is a rare, low-maintenance investment opportunity ready to perform from day one. The building consists of the following: 1 bed/1 baths (2), 1 bed/1 bath plus den (1), 2 bed/1 bath (1), and a tri-level 2 bed/2 bath with bonus storage (1). Each unit features in-unit laundry, new appliances (dishwasher, oven/range, refrigerator), custom cabinetry, custom closets, grey wood finish floors, designer lighting, and smart home amenities including a Ring doorbell and Nest thermostat. Units boast generous storage, and the building offers additional storage in the attic. All units are individually metered for utilities, keeping operating costs lean and management simple. The units themselves get plenty of sun in the front and thoughtfully laid out – several feature a flexible office nook or secondary bedroom, beautiful barn doors, and pantry storage that sets them apart from typical rental stock. The location is unmatched. Steps from the Division Blue Line, Division Street’s bar and restaurant corridor, Jewel, Target, a Divvy station, and a neighborhood community garden – tenants have everything they need within a 5-minute walk. This building offers investors a truly low-overhead, high-demand asset in a neighborhood that consistently commands strong rents and minimal vacancy.

Property Details

Price:
$1,725,000
MLS #:
MRD12601366
Status:
Active
Beds:
5
Baths:
4
Type:
Commercial
Neighborhood:
chiwesttown
Listed Date:
Mar 30, 2026
Total Sq Ft:
4,500
Year Built:
1890
Chi – West TownChiwesttown

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick
Stories
2

Financial

Maintenance Fee
$2,000
Net Operating Income
$103,432
Tax Year
2024
Taxes
$30,608
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Mar 31, 2026
952
Commercial Listed
192
Avg DOM
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Avg List Price

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Property Summary

    1731 W Potomac Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60622. It is listed for $1,725,000 To schedule a showing of MLS#mrd12601366 at 1731 W Potomac Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
1731 W Potomac Avenue
Chicago, IL