4101 West Potomac, Chicago IL 60651
$524,900

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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.

Features & Information

Key Details

  • List Price $524,900
  • Property Taxes $4,377
  • Price/ Sq. Ft. Unavailable
  • Year Built 1920
  • Parking Type Garage
  • Status Contingent

Rooms

  • Total Rooms 22
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  1

Building Information

  • Number of Units 4
  • Age of Building 100+ Years
  • Exterior Construction Vinyl Siding,Brick
  • Heating & Cooling Gas
  • Units

  • Unit 1 Stove, Refrigerator, Washer, Dryer, Microwave
  • Unit 2 Stove, Refrigerator, Washer, Dryer, Microwave
  • Unit 3 Stove, Refrigerator, Washer, Dryer, Microwave
  • Unit 4 Stove, Refrigerator, Microwave

Location

  • County Cook
  • Township West Chicago
  • Corporate Limits Chicago
  • Directions to Property Pulaski West To Potomac West To Property.
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 4377
  • Tax Year 2023
  • Parcel Identification Number 16032300240000

Utilities

  • Sewer Sewer-Publ

Listed by: Essex 312, LLC | Phone: 773.305.4858
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 7/27/2026 8:32 PM. 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.

Explore West Humboldt Park

A small up-and-coming, family-oriented area just west of spacious Humboldt Park, this primarily residential neighborhood mixes greenery and old homes with a splash of small businesses. As in many areas of Chicago, West Humboldt Park is a conventional development of detached, brick houses set off from the street by green grass lawns and long stretches of concrete sidewalks. Out on the major avenues, West Humboldt Parkers partake in delicious local menus at the dozen or so taquerias, pizza joints and sandwich shops in the vicinity. The retail stores in West Humboldt Park are good for quick errands and essential items. Mom-and-pop places reign supreme in this west side Chicago neighborhood, although a couple national establishments have made an appearance in recent years.

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