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1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
1731 W Potomac Avenue
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Listed by Quentin Green III with Compass 773-482-1917
$1,725,000

1731 W Potomac Avenue

4,500 Sq.Ft. 2,300 Sq.Ft.

Description

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.

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Location

1731 W Potomac Avenue, Chicago, IL 60622

Status

For Sale
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Schedule a Showing

I would love to show you my beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.
Thank you for your interest in 1731 W Potomac Avenue, Chicago, IL 60622. We are reviewing your request and will be in touch shortly!
Quentin Green

Quentin Green

TITLE

Real Estate Agent | Team Lead

Vincenza LoBello

Vincenza LoBello

TITLE

Broker

Wicker Park

Uniquely charming with a mix of both old buildings and new architecture giving it a cozy feeling.

Property Amenities

Area & Lot
Total area 4,500 Sq.Ft.
Lot Area 2,300 Sq.Ft.
Living area 4,500 Sq.Ft.
MLS® ID 12601366
Year Built 1890
Type Multi-Family
Status For Sale
Exterior
Stories 2
Air conditioning Central Air
Water Source Municipal Water
Finance
Sales Price $1,725,000
Maintenance Fee $2,000 monthly
Real Estate Tax $30,608 yearly

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Work With Quentin

Long on going relationships are the reason I love this job so much. Being able to see someone's face light up as I hand them the keys to their very first house is what gets me up in the morning.

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