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1731 W Potomac Avenue Chicago, IL 60622

$1,725,000
New / MLS# 12601366 / Multi Unit - Multiple / Chicago
0 Beds
4500 SqFt

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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Baird & Warner Flor Villalta Agent Cell: 224.209.9977 Email

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Estimated Payment

$ 6,887.13 per month $3,833.33 Principal & Interest $2,550.67 Property Tax $503.13 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air
Lot Size: 0.05 Acres
Stories: 2.0
Taxes: $30,608
Year Built: 1890

Feature Descriptions

Current Use: Multi-Family
Electric: Circuit Breakers, Separate Meters
Exterior: Brick
HVAC: Forced Air
Lot Dimensions: 23X100
Parcel#: 17062330070000
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 5

Location

See details and scored characteristics about this location.

Listing Office: Compass

Listing Office Phone: 773-482-1917



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