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$550,000
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Property Description
**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.
Full Property Details
Full Property Details for 4101 W Potomac Ave
General
- Sold For: $550,000
- Taxes: $4,377 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12701545
- Added to Site: 108 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 10
Additional Information
- Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Yes, Attached, Garage
Location
- Area: CHI - Humboldt Park
- County: Cook
- Driving Directions: Pulaski West to Potomac West to property.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Vinyl Siding, Brick
- Exterior Const.: Vinyl Siding, Brick
- Basement Desc.: Partially Finished, Full
- Year Built: 1920
- Built Before 1978: Yes
- Remodeled/Updated: 2017
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 26 x 126
Financial Considerations
- Assessment Year: 1920
- Tax Amount: $4,377
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16032300240000
Listed by Essex 312, LLC
Sold by Re/Max Loyalty
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Schools
Schools serving 4101 W Potomac Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Nobel Elementary School 4127 West Hirsch Street, Chicago, IL 60651 | K-8 | 0.1 mi |
Orr Academy High School 730 North Pulaski Road, Chicago, IL 60624 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4101 W Potomac Ave
Date
Details
Price
Change
Source
10/21/2026
Sold
$550,000
4.78%
MLS
7/10/2026
Listed
$524,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4101 W Potomac Avenue, Chicago, IL 60651 (MLS# 12701545) is a Multi-Family property that was sold at $550,000 on October 21, 2026. Want to learn more about 4101 W Potomac Avenue? Do you have questions about finding other Multi-Family real estate for sale in Humboldt Park? You can browse all Humboldt Park real estate or contact a Coldwell Banker agent to request more information.
