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Indiana Limestone Triplex with Balconies
New
For Sale
$1,100,000

2722 W Potomac Avenue, Chicago, IL 60622

Legal three-unit building with original architectural details, updated mechanical systems, finished garden-level space, and a landscaped backyard.

Property SizeContact for details
Days on Market6

Property Features for 2722 W Potomac Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype MULTI_FAMILY

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $15,135

Amenities

private balcony
natural hardwood floors
coin-operated laundry
finished garden level
landscaped backyard

Building Details

Year Built 1890
Buildings 1
Construction Greystone
Listing Agency: Redfin Corporation
Listed By: Nicholaos Voutsinas · License #475159497
Source: Harkinsandassociates
Added: Sep 17 Changed: Sep 20 Last Checked: Sep 21 at 6:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Redfin Corporation

Investment Insights

Based on property information with market context.

Built in 1890, this legal triplex is constructed with Indiana Limestone and retains substantial period character, including original doors, trim, hardware, built-in hutches, and cast-iron clawfoot tubs. Each of the three upper-level apartments measures approximately 1,200 square feet and includes a private balcony, nearly 10-foot ceilings, and hardwood floors. The finished garden level adds usable space with approximately 7-foot ceilings.

Recent improvements include commercial-grade kitchen ventilation installed in 2024, granite countertops and bathroom vanities, stainless-steel refrigerators in each unit, a refreshed top-floor apartment with a renovated bathroom and new electrical outlets, and a rebuilt boiler. The building also features newer water heaters, coin-operated laundry, copper plumbing, and a new copper water service installed in 2023 during the City's sewer main work.

Outdoor amenities include a landscaped backyard with mature trees and a two-car garage. Humboldt Park is 200 yards away, while the 606/Bloomingdale Trail is approximately four minutes by bike. Division Street restaurants and neighborhood amenities are within walking distance, and downtown is approximately 25 minutes away by bike.

Key Highlights

  • Legal three‑unit building constructed in 1890 with Indiana Limestone
  • Three upper‑level apartments, each approximately 1,200 square feet, with private balconies
  • Finished garden level with approximately 7‑foot ceilings

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Pet Grooming Service Bed & Breakfast Fish Market Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,768
Businesses Nearby

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Legal three-unit building with original architectural details, updated mechanical systems, finished garden-level space, and a landscaped backyard.
Where is this triplex located?
The property is located at 2722 W Potomac Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Legal three‑unit building constructed in 1890 with Indiana Limestone; Three upper‑level apartments, each approximately 1,200 square feet, with private balconies; Finished garden level with approximately 7‑foot ceilings
More about this property
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