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Back to search Home Countries Unknown Chicago 1731 W Potomac Ave, Chicago, IL, 60622
USD1,725,000
1731 W Potomac Ave, Chicago, IL, 60622
1731 W Potomac Ave, Chicago, IL, 60622
7 beds 6 baths multi family

About this home

Multi Family in Chicago, IL - Bedrooms: 7 - Bathrooms: 6 - Area: N/A - Year Built: 1890 - Lot: 2300 sqft

Listing Agent: Quentin Green Brokerage: COMPASS

Turnkey, fully renovated 5-unit apartment building in the heart of Wicker Park - one of Chicago's most sought-after neighborhoods. Gut rehabbed in 2021 with high-end finishes throughout, this 8 bed / 5 bath building is a rare, low-maintenance investment opportunity ready to perform from day one. The building consists of the following: 1 bed/1 baths (2), 1 bed/1 bath plus den (1), 2 bed/1 bath (1), and a tri-level 2 bed/2 bath with bonus storage (1). Each unit features in-unit laundry, new appliances (dishwasher, oven/range, refrigerator), custom cabinetry, custom closets, grey wood finish floors, designer lighting, and smart home amenities including a Ring doorbell and Nest thermostat. Units boast generous storage, and the building offers additional storage in the attic. All units are individually metered for utilities, keeping operating costs lean and management simple. The units themselves get plenty of sun in the front and thoughtfully laid out - several feature a flexible office nook or secondary bedroom, beautiful barn doors, and pantry storage that sets them apart from typical rental stock. The location is unmatched. Steps from the Division Blue Line, Division Street's bar and restaurant corridor, Jewel, Target, a Divvy station, and a neighborhood community garden - tenants have everything they need within a 5-minute walk. This building offers investors a truly low-overhead, high-demand asset in a neighborhood that consistently commands strong rents and minimal vacancy.

Property facts

Property type
multi family
Bedrooms
7
Bathrooms
6
Days on market
101 days

Features & amenities

Features & finishes
Bedrooms: 7, Basement Features: Finished, Cooling Features: Central Air, Full Bathrooms: 6, Additional Parcels: No, Lot Size Acres: 0.0528007, Lot Size Dimensions: 23X100, Lot Size Source: Survey, Lot Size Square Feet: 2300, Gross Income: 155100, Gross Scheduled Income: 157392, Tenant Pays: Air Conditioning, Electricity, Heat, Number of Units: 5, Bedrooms in Unit-1: 1, Bedrooms in Unit-2: 1, Bedrooms in Unit-3: 1, Bedrooms in Unit-4: 2, Bedrooms in Unit-5: 2, Total Bathrooms in Unit-1: 1, Total Bathrooms in Unit-2: 1, Total Bathrooms in Unit-3: 1, Total Bathrooms in Unit-4: 1, Total Bathrooms in Unit-5: 2, Full Bathrooms in Unit-1: 1, Full Bathrooms in Unit-2: 1, Full Bathrooms in Unit-3: 1, Full Bathrooms in Unit-4: 1, Full Bathrooms in Unit-5: 2, Total Rooms in Unit-1: 3, Total Rooms in Unit-2: 3, Total Rooms in Unit-3: 3, Total Rooms in Unit-4: 4, Total Rooms in Unit-5: 4, Unit 1 Total Actual Rent: 2250, Unit 2 Total Actual Rent: 2250, Unit 3 Total Actual Rent: 2250, Unit 4 Total Ac

Location

Approximate location · exact address shared on inquiry

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7 bd · 6 ba
Contact agent
C
Compass
COMPASS
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