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    4319 W Potomac Ave Chicago, IL 60651

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    For Sale
    Contact for pricing

    MULTI_FAMILY - Other - Chicago, IL

    Days on Market:
    1
    Last Refresh:
    Feb 5 at 4:06 pm

    Property Features for 4319 W Potomac Ave

    General Information

    Special listing conditions
    In Foreclosure
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    In Foreclosure
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Basement, Bathroom 3
    Bedrooms
    5
    Bathrooms
    3
    APN
    16032280150000
    Parking
    2
    Parking features
    Garage
    Basement
    Full, Finished

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas

    Building Details

    Year built
    1924
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Fernando Godoy

    eXp Realty, LLC (888) 574-9405

    Listing agent Fernando Godoy (773) 613-9900

    Listing date Feb 5, 2026

    MLS# 12561258

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Chicago Two-Flat Building Opportunity

    Located in Chicago's West Humboldt Park neighborhood, this all-brick two-flat building at 4319 W Potomac Ave presents an opportunity for income generation or redevelopment. This traditional Chicago-style multi-family structure is situated on a standard city lot with front fencing, gated entry, and alley access. Public records indicate that each unit is configured with 2 bedrooms and 1 bathroom, along with an additional bathroom in the basement. The full basement layout may offer added possibilities for storage, a garden unit, or expansion, pending city approval. The building's structure appears sound from the exterior, and the classic masonry facade showcases the historic charm. The front elevation features original brickwork and a raised entry. A small concrete front porch leads into each unit through a secured front entry. The fenced front yard allows for some landscaping. In the rear, alley access provides the opportunity to build a garage or create additional off-street parking. The West Humboldt Park neighborhood offers convenient public transportation options, including nearby CTA bus routes and access to commuter rail stations that connect to downtown Chicago and surrounding neighborhoods. Major roadways and expressways are easily accessible. Local amenities include cafes, small businesses, and neighborhood shops, while national retailers and grocery stores are also nearby. Residents enjoy proximity to green spaces and parks, such as Humboldt Park. Schools serving the area range from public neighborhood options to charter and private institutions. This property is ideal for those looking to restore or reimagine a classic two-unit building. Occupied property. Sold strictly As Is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.734581
    Latitude
    41.90409

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    FAQs

    What type of property is this?
    Duplex - Classic two-flat building in West Humboldt Park neighborhood.
    Where is this duplex located?
    The property is located at 4319 W Potomac Ave Chicago, IL.
    What are key features of this property?
    This property features: - Classic Chicago Brick Two-Flat: Offers historic charm.; - Income-Generating Potential: Suitable for investors or homeowners seeking rental income.; - Prime West Humboldt Park Location: Convenient access to transportation and amenities.
    (773) 613-9900
    Request Owner's contact information
    4319 W Potomac Ave Chicago, IL 60651
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    Chicago, IL 60651
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4319 W Potomac Ave Chicago, IL 60651
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    We can help!
    Listing Contact
    Fernando Godoy
    Real Estate License ID: 475155825
    (773) 613-9900
    Learn more
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