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Historic Greystone Triplex
For Sale
Under Contract
$1,100,000

2722 W Potomac Avenue, Chicago, IL 60622

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market11

Property Features for 2722 W Potomac Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 10
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 3, Bedroom 8, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 7, Bedroom 2, Basement, Bedroom 6, Bedroom 3, Bedroom 10, Bedroom 4, Bedroom 5, Bedroom 9, Bathroom 1
Parking 2
Parking features Garage
Patio and Porch features Deck, Porch
Exterior features Balcony, Fire Pit
Basement Exterior Entry, Full, Finished
Elementary school district 299
Middle school district 299
High school district 299
Directions Western Ave to Potomac Ave - West to property
Subdivision CHI - West Town
Standard status Active Under Contract
APN 16012220340000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 15136

Utilities

Sewer type Public Sewer
Heating system Steam, Natural Gas

Amenities

private balcony
coin-operated laundry
landscaped backyard

Building Details

Year built 1890
Building materials Brick, Stone
Listing Agency: Redfin Corporation
Listed By: Nicholaos Voutsinas · License #475159497
Added: Sep 17 Changed: Sep 21 Last Checked: Sep 27 at 1:06PM
MLS# 12762861

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.

Built in 1890, this legal triplex presents three upper-level apartments of approximately 1,200 square feet each, with private balconies, nearly 10-foot ceilings, hardwood floors, original millwork, built-in hutches, and clawfoot tubs. Indiana Limestone and brick construction reinforce the building’s historic Greystone character. The finished garden level adds approximately 7-foot ceilings and usable living area.

Recent work includes a rebuilt boiler, newer water heaters, coin-operated laundry, copper water service installed in 2023, copper plumbing, granite countertops, updated bathroom vanities, stainless-steel refrigerators, and 2024 commercial-grade kitchen vents. The top-floor apartment also has a renovated bathroom and new electrical outlets. A landscaped backyard with mature trees, deck, porch, fire pit, and a two-car garage complements the property.

The 0.07-acre property is located at 2722 W Potomac Avenue in Chicago, approximately 200 yards from Humboldt Park. The 606/Bloomingdale Trail is about four minutes away by bike, Division Street amenities are within walking distance, and downtown Chicago is approximately 25 minutes away by bike.

Key Highlights

  • Legal three‑unit building with three apartments of approximately 1,200 square feet each
  • Indiana Limestone and brick construction dating to 1890
  • 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 balconies, updated systems, landscaped outdoor space, and a two-car garage near Humboldt Park.
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 with three apartments of approximately 1,200 square feet each; Indiana Limestone and brick construction dating to 1890; Finished garden level with approximately 7‑foot ceilings
More about this property
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