2735 W Potomac Avenue
Chicago, IL 60622

Status: Active
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $1,100,000
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About this home

HUGE 4 unit with unfinished basement and GUT RENOVATED legal coach house with gorgeous finishes. Low rents on the front and unfinished basement allow for significant value add potential through duplexing down or adding a unit, while maintaining solid cash flow from coach house.

Property details

Property / Lot Details
Acreage 0.06
Lot Dimensions 25X120
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat, Coach House
Number Of Units in Building 4
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1880
Exterior Building Type Brick
Parking None
Rehab Year 2018
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Town
Corporate Limits Chicago
Directions West on Potomac from Western
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 9
Bedrooms Possible 9
Baths Count 6
Full Baths in Building Count 6
Total Rooms 27
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1595
Appliances And Features Stove, Refrigerator, Washer, Dryer, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 5/25
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1000
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1655
Appliances And Features Stove, Refrigerator, Washer, Dryer, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 5/25
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 1000
unit 3
Beds Total 3
Baths Total 1
Actual Rent 1600
Appliances And Features Stove, Refrigerator, Washer, Dryer, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 6/25
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 3
Square Feet 1000
unit 4
Beds Total 3
Baths Total 3
Actual Rent 2795
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors, Walk-In Closet
Full Baths Total 3
Lease Expiration Date 5/25
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number C
Square Feet 1200

Financials

Gross Rental Income $91,740
Net Oper Income $55,163
Rental Income 91740
Investment Profile Residential Income
Water Expense $2,100

Tax/Assessments/Liens

PIN 16012240120000
Special Assessments N
Taxes $17,483
Tax Year 2022
$1,100,000 Listing Price:
MLS # 12058416
Investment Profile Residential Income
Listing Market Time 31 days
Basement Full
Type Unit 3 Flat, Coach House
Number of Units in Building 4
Parking None
List Date 05/28/2024
Year Built 1880
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