Brick Multifamily Property with
For Sale
$470,000
5432 W Potomac Avenue, Chicago, IL 60651
Residential Income, Chicago, IL
Property SizeContact for details
Days on Market306
Property Features for 5432 W Potomac Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Basement, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking
3
Parking features
Garage
Basement
Unfinished, Full
Elementary school district
299
Middle school district
299
High school district
299
Directions
Investors and house hackers, you'll love this North Austin legal 3-flat with a separately metered studio in-law suite, and a 3-car garage! The first floor has a 3-bed apartment with a front sunroom and a decorative fireplace, and an in-law studio apartment in back. Upstairs, you'll find a 2-bedroom and a large 1-bedroom, both with their own gas-forced-air heat and cute vintage details. All four units have separate utilities. This building has significant rental potential. Take advantage of the city's ADU expansion by refinishing the large basement unit; a little work would increase your profits. There is nothing else like it on the market today, so come check it out!
Subdivision
CHI - Austin
Standard status
Active
APN
16041240300000
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2645
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Building Details
Year built
1925
Building materials
Brick
Listing Agency:
Kale Realty
(312) 939-5253
Listed By:
Megan Osberger
(312) 939-5253
Added: Oct 22, 2025
Changed: Aug 20
Last Checked: Aug 23 at 12:06AM
MLS# 12502951
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.
Investment Insights
Based on property information with market context.
This 1925 brick multifamily property at 5432 W Potomac Avenue in Chicago includes a legal three-flat, a separately metered studio in-law suite, and a three-car garage. The first-floor apartment has three bedrooms, central air, a front sunroom, and a decorative fireplace. The second level contains two apartments: one with two bedrooms and another with one bedroom. Both upper units feature gas-forced-air heating and vintage interior details.
The basement includes additional unit space that may support expansion under the city's ADU program, subject to applicable requirements. The property is zoned MULTI and served by public sewer. Heating systems include forced air and natural gas, providing a range of existing residential configurations within the building.
The basement includes additional unit space that may support expansion under the city's ADU program, subject to applicable requirements. The property is zoned MULTI and served by public sewer. Heating systems include forced air and natural gas, providing a range of existing residential configurations within the building.
Key Highlights
- Legal three‑flat with separately metered studio in‑law suite
- Potential for up to 5 units, including basement space
- Three‑car garage
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Explore this area
Business Placement
Demographics for 60651, IL
62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Legal three-flat with a separately metered studio suite, basement space, and a three-car garage.
Where is this multifamily property located?
The property is located at 5432 W Potomac Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Legal three‑flat with separately metered studio in‑law suite; Potential for up to 5 units, including basement space; Three‑car garage
