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$470,000
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Property Description
Investors and house hackers, you'll love this North Austin legal 3-flat with a separately metered studio in-law suite, and a 3-car garage! The first floor is a 3-bed apartment with central air, a front sunroom, and a decorative fireplace. Upstairs, you'll find a 2-bedroom and a large 1-bedroom, both with gas-forced air and cute vintage details. Take advantage of the city's ADU expansion in the large basement unit; a little work would increase your profits. This building has significant rental potential, with up to 5 units. There is nothing else like it on the market today, so come check it out!
Full Property Details
Full Property Details for 5432 W Potomac Ave
General
- Price: $470,000
- Taxes: $2,645 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12502951
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 6
Additional Information
- Equipment: Ceiling Fan(s)
- Other Features: Commuter Bus
Parking
- Garage: Yes
- Garage Spaces: 3
- Total Spaces: 3
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Austin
- County: Cook
- Township: West Chicago
- Driving Directions: Investors and house hackers, you'll love this North Austin legal 3-flat with a separately metered studio in-law suite, and a 3-car garage! The first floor has a 3-bed apartment with a front sunroom and a decorative fireplace, and an in-law studio apartment in back. Upstairs, you'll find a 2-bedroom and a large 1-bedroom, both with their own gas-forced-air heat and cute vintage details. All four units have separate utilities. This building has significant rental potential. Take advantage of the city's ADU expansion by refinishing the large basement unit; a little work would increase your profits. There is nothing else like it on the market today, so come check it out!
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Year Built: 1925
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 4, 972 sqft
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1925
- Tax Amount: $2,645.28
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16041240300000
Listed by Kale Realty
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Schools
Schools serving 5432 W Potomac Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Young Elementary School 1434 North Parkside Avenue, Chicago, IL 60651 | PK-8 | 0.3 mi |
Orr Academy High School 730 North Pulaski Road, Chicago, IL 60624 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 5432 W Potomac Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,126
—
$38,000
9%
2023
$6,126
3%
$35,000
—
2022
$5,933
122%
$35,000
—
2021
$2,677
-3%
$35,000
58%
2020
$2,762
—
$22,106
-12%
2019
$2,754
2%
$25,121
—
2018
$2,712
-5%
$25,121
1%
2017
$2,860
-31%
$24,948
—
2016
$4,139
-9%
$24,948
—
2015
$4,572
13%
$24,948
15%
2014
$4,040
2%
$21,775
—
2013
$3,960
26%
$21,775
—
2012
$3,140
—
$21,775
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5432 W Potomac Ave
5432 W Potomac Avenue, Chicago, IL 60651 (MLS# 12502951) is a Multi-Family property with 3 units containing 6 bedrooms and 0 full bathrooms. 5432 W Potomac Avenue is currently listed for $470,000 and was received on October 22, 2025. Want to learn more about 5432 W Potomac Avenue? Do you have questions about finding other Multi-Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

