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 7 bed / 6 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 Details
Price:
$1,725,000
MLS #:
MRD12601366
Status:
Active Under Contract
Beds:
5
Baths:
4
Type:
Commercial
Neighborhood:
chiwesttown
Listed Date:
Mar 30, 2026
Total Sq Ft:
4,500
Year Built:
1890
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
2
Financial
Maintenance Fee
$2,000
Tax Year
2024
Taxes
$30,608
Map
Community
- Address1731 W Potomac Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60622
Market Summary
Current real estate data for Commercial in Chicago as of May 15, 2026
897
Commercial Listed
190
Avg DOM
$1,025,112
Avg List Price
Property Summary
- 1731 W Potomac Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60622. It is listed for $1,725,000
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Copyright 2026. All rights reserved.
1731 W Potomac Avenue
Chicago, IL


