4101 W Potomac Avenue
Chicago, IL, 60651
$524,900
10 Beds
4 Baths
0 SqFt
0 Acres
Add
Add
$524,900
4101 W Potomac Avenue
Chicago, IL, 60651
MLS #MRD12701545 image #0MLS #MRD12701545 image #1MLS #MRD12701545 image #2MLS #MRD12701545 image #3MLS #MRD12701545 image #4MLS #MRD12701545 image #5MLS #MRD12701545 image #6MLS #MRD12701545 image #7MLS #MRD12701545 image #8MLS #MRD12701545 image #9MLS #MRD12701545 image #10MLS #MRD12701545 image #11MLS #MRD12701545 image #12MLS #MRD12701545 image #13MLS #MRD12701545 image #14MLS #MRD12701545 image #15MLS #MRD12701545 image #16MLS #MRD12701545 image #17MLS #MRD12701545 image #18
**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 Details

Price:
$524,900
MLS #:
MRD12701545
Status:
Active
Beds:
10
Baths:
4
Type:
Multi Family
Neighborhood:
chihumboldtpark
Listed Date:
Jul 20, 2026
Year Built:
1920
Parking TotalChi – Humboldt ParkChihumboldtpark

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Vinyl Siding, Brick
Garage Spaces
1
Parking Features
Yes, Attached, Garage
Parking Spots
1
Parking Total
1

Financial

Tax Year
2023
Taxes
$4,377
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Current real estate data for Multi Family in Chicago as of Jul 21, 2026
1,443
Multi Family Listed
82
Avg DOM
$524,295
Avg List Price

Community

Subdivisions in Chicago

Similar Listings Nearby

broker reciprocity
MLS# MRD12644330broker reciprocity
4916 W Hutchinson Street
Chicago, IL

$680,000

3.9 miles away

broker reciprocity
MLS# MRD12669853broker reciprocity
1051 N Springfield Avenue
Chicago, IL

$679,900

0.4 miles away

broker reciprocity
MLS# MRD12695691broker reciprocity
4202 N Sacramento Avenue
Chicago, IL

$675,000

3.9 miles away

broker reciprocity
MLS# MRD12657467broker reciprocity
820 N Monticello Avenue
Chicago, IL

$669,999

0.8 miles away

broker reciprocity
MLS# MRD12696400broker reciprocity
3622 N WHIPPLE Street
Chicago, IL

$664,555

3.2 miles away

broker reciprocity
MLS# MRD12699808broker reciprocity
1907 W Irving Park Road
Chicago, IL

$660,000

4.4 miles away

broker reciprocity
MLS# MRD12644428broker reciprocity
1801 W 21st Place
Chicago, IL

$659,900

4.6 miles away

broker reciprocity
MLS# MRD12676092broker reciprocity
5008 W Strong Street
Chicago, IL

$659,900

4.8 miles away

broker reciprocity
MLS# MRD12678824broker reciprocity
2205 N Melvina Avenue
Chicago, IL

$659,000

2.9 miles away

broker reciprocity
MLS# MRD12708770broker reciprocity
5543 W Diversey Avenue
Chicago, IL

$659,000

2.6 miles away

Property Summary

    4101 W Potomac Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60651. It is listed for $524,900 To schedule a showing of MLS#mrd12701545 at 4101 W Potomac Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
4101 W Potomac Avenue
Chicago, IL