LKV Realty
Logo
$524,900
$2,900Reward *
4101 W Potomac Avenue, Chicago, IL 60651Listing ID 12701545

4101 W Potomac Avenue, Chicago, IL 60651

Active
CHI - Humboldt Park
Time on site: 36 daysLast updated: 1 day ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
10
Bathrooms
Bathrooms
4
Days on Site
Days on Site
36
Heating
Heating
Natural Gas
Year Built
Year Built
1920
Garages
Garages
1
Parking
Parking
Yes, Attached, Garage

**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 Information

Property Details

Location

Address
4101 W Potomac Avenue
County
Cook
City
Chicago
Zip Code
60651
Subdivision
CHI - Humboldt Park
School District
299
MLS Area
CHI - Humboldt Park

Interior Features

Beds and Baths

Bedrooms
10

Building

Building Information

Year Built
1920
Construction
Vinyl Siding, Brick

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$4,377
Tax Year
2023
Essex 312, LLC, (773) 305-4858

Market Report for 60651

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MRED
MRED logo

Based on information submitted to the MLS GRID as of 15 Aug 2026, 04:44 AM UTC. 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. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MRD896683 • MRD1017906