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4101 W Potomac Avenue Chicago, IL 60651

$524,900
Contingent / MLS# 12701545 / Multi Unit - Multiple / Chicago
10 Beds
4 Baths

**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.

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Baird & Warner Colleen Thacker Email

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Estimated Payment

$ 1,684.29 per month $1,166.44 Principal & Interest $364.75 Property Tax $153.10 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partially Finished, Full
Garage: 1
Heating: Natural Gas
Lot Size: 26 x 126
Taxes: $4,377
Year Built: 1920

Feature Descriptions

Exterior: Vinyl Siding, Brick
Lot Dimensions: 26 x 126
Parcel#: 16032300240000
Parking: Yes, Attached, Garage
Sewer: Public Sewer
Total Rooms: 22
Township: West Chicago
Water: Lake Michigan

Schools

School District: District 299

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: Essex 312, LLC

Listing Office Phone: 773-305-4858



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