4101 W Potomac Ave Chicago, IL 60651
West Humboldt Park NeighborhoodEstimated payment $3,261/month
About This Home
**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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,377
Year Built
- Built in 1920 | Remodeled in 2017
Parking
- 1 Car Attached Garage
- Parking Available
Home Design
- Brick Exterior Construction
- Vinyl Siding
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Potential Bedrooms
- 4 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 26 x 126
Community Details
- 4 Units
- Gross Income $80,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,377 | $44,000 | $4,575 | $39,425 |
| 2024 | $4,377 | $44,000 | $4,575 | $39,425 |
| 2023 | $4,233 | $24,000 | $3,660 | $20,340 |
| 2022 | $4,233 | $24,000 | $3,660 | $20,340 |
| 2021 | $4,156 | $24,000 | $3,660 | $20,340 |
| 2020 | $4,777 | $21,445 | $4,270 | $17,175 |
| 2019 | $5,010 | $24,936 | $4,270 | $20,666 |
| 2018 | $4,926 | $24,936 | $4,270 | $20,666 |
| 2017 | $1,662 | $7,720 | $3,812 | $3,908 |
| 2016 | $1,105 | $5,766 | $3,812 | $1,954 |
| 2015 | $3,799 | $23,356 | $3,812 | $19,544 |
| 2014 | $4,772 | $28,291 | $3,660 | $24,631 |
| 2013 | $4,667 | $28,291 | $3,660 | $24,631 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2026 08/28/26 | Pending | -- | -- | -- |
| 08/12/2026 08/12/26 | For Sale | $524,900 | 0.0% | -- |
| 07/24/2026 07/24/26 | Pending | -- | -- | -- |
| 07/10/2026 07/10/26 | For Sale | $524,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12701545
APN: 16-03-230-024-0000
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