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  • $524,900

    4101 W Potomac Ave, Chicago, IL 60651

    5beds
    --sqft
    : 
    $3,987/mo
    Get pre-qualified
    Multi Family
    Built in 1920
    -- sqft lot
    $518,700 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Fully renovated multifamily assetStrong curb appealExceptional visibilityRenovated interiorsOversized lot-line-to-lot-line corner parcel
    **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.
    33 days
    |
    144
    |
    11
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jack Doyle 773-305-4858,

    Essex 312, LLC,

    Quinn Evans 224-244-3098,

    Essex 312, LLC

    Source: MRED as distributed by MLS GRID,MLS#: 12701545MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 4
      Heating
      • Natural Gas
      Features
      • Basement: Partially Finished,Full

      Property

      Parking
      • Total spaces: 1
      • Parking features: Yes, Attached, Garage
      • Attached garage spaces: 1
      Lot
      • Size: 3,276 Square Feet
      • Dimensions: 26 x 126
      Details
      • Parcel number: 16032300240000
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding, Brick
      Condition
      • New construction: No
      • Year built: 1920
      • Major remodel year: 2017

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Lake Michigan

      Community & HOA

      Location
      • Region: Chicago

      Financial & listing details

      • Annual tax amount: $4,377
      • Date on market: 7/20/2026
      • Ownership: Fee Simple

        Estimated market value

        $518,700

        $493,000 - $545,000

        $1,920/mo

        Price history

        DateEventPrice
        8/12/2026Listed for sale$524,900
        Source: MRED as distributed by MLS GRID #12701545 Report a problem
        7/25/2026Contingent$524,900
        Source: MRED as distributed by MLS GRID #12701545 Report a problem
        7/20/2026Listed for sale$524,900
        Source: MRED as distributed by MLS GRID #12701545 Report a problem
        5/31/2018Listing removed$1,250
        Source: Go Section8 Report a problem
        5/21/2018Listed for rent$1,250
        Source: Go Section8 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: West Humboldt Park

        Getting around

        72 / 100
        Very Walkable
        65 / 100
        Good Transit
        65 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: 299

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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