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Indiana Limestone Triplex with Balconies

2722 W Potomac Avenue, Chicago, IL 60622

For Sale
$1,100,000
Pending

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 Market52

Property Features for 2722 W Potomac Avenue

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype MULTI_FAMILY

Site & Location

Neighborhood Humboldt Park

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: Nov 7 Last Checked: Nov 6 at 2:44PM

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

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Investment Insights

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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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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
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Market

Properties on Market for Triplexes in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

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
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