3414 W Potomac Avenue
Chicago, IL 60651

Status: Active
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $599,900
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About this home

Large Brick "L" shaped "front-back" 4 Flat with bonus non-conforming 5th basement unit and 3 car garage on a 38 wide lot makes this an incredible money-making investors "DREAM"...with TONS OF UPSIDE! Front units are 2 beds/1 bath and have both been rehabbed and updated - with new kitchen/baths/floors/walls are below market rented in their current condition. Rear unit are "original" and need work/rehab to value add and maximize the buildings cash flow. Bonus basement non confirming garden in-law currently rents for $600 and offers additional upside rent potential. Massive 3 car Garage generates $225/mth currently. Separate HVAC gas forced air in each unit. Roof is less than 5 years old, windows are mostly older. Bldg sold AS IS

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1910
Parking Total 3
Exterior Building Type Brick
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 3
Parking Garage
Rehab Year 2010
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Humboldt Park
Corporate Limits Chicago
Directions N Of Division and west to the 3400 Block
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Lake
Interior Features
Basement Description Partially Finished, Unfinished
Basement Bathrooms No
Basement Full
Bedrooms Count 9
Bedrooms Possible 9
Baths Count 5
Full Baths in Building Count 5
Total Rooms 24
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1150
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 4
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 750
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1595
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 4
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 750
unit 3
Beds Total 2
Baths Total 1
Actual Rent 600
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 4
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 750
unit 4
Beds Total 2
Baths Total 1
Actual Rent 550
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 4
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 750
Property / Lot Details
Lot Dimensions 38X125
Lot Size .25-.49 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16022210290000
Special Assessments N
Taxes $10,931
Tax Year 2021
$599,900 Listing Price:
MLS # 12029736
Investment Profile Residential Income
Listing Market Time 20 days
Basement Full
Type Unit 4 Flat
Number of Units in Building 4
Parking Garage
List Date 04/15/2024
Year Built 1910
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