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Legal 3-Unit Brick Multifamily
For Sale
$625,000
Pending

3434 West Potomac Avenue, Chicago, IL 60651

Legal three-unit property with two above-grade units and a basement/garden apartment in a brick exterior building.

Property SizeContact for details
Days on Market81

Property Features for 3434 West Potomac Avenue

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Two to Four Units / 2 Flat
Zoning OTHER

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $9,168

Building Details

Year Built 1914
Construction brick
Tenancy Multi
Listing Agency: Baird & Warner
Listed By: Johnny Phan · License #475167191
Source: Compass
Added: Jun 21 Changed: Aug 8 Last Checked: Jul 24 at 2:30PM

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 Baird & Warner

Investment Insights

Based on property information with market context.

This legal three-unit multifamily property features a classic brick exterior and three distinct rental living spaces. The building includes two above-grade units with hardwood floors and ample natural light. The second floor is described as identical to the first, with an additional bedroom in the front. There is also a legal basement/garden unit; however, the garden unit had not been updated at the time referenced.

The property is located at 3434 W Potomac Ave in Chicago, with proximity to Humboldt Park, local shops, and public transportation noted in the remarks.

Photos are stated to be from the first floor only, and the additional above-grade unit configuration is described as identical beyond the front-bedroom difference. The basement/garden unit is identified as fully permitted in the provided information.

Key Highlights

  • Legal 3‑unit brick building with two above‑grade units plus a legal basement/garden apartment
  • Year built: 1914
  • Above‑grade units include hardwood floors and ample natural light

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) 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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,244
Businesses Nearby

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

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 property with two above-grade units and a basement/garden apartment in a brick exterior building.
Where is this triplex located?
The property is located at 3434 West Potomac Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Legal 3‑unit brick building with two above‑grade units plus a legal basement/garden apartment; Year built: 1914; Above‑grade units include hardwood floors and ample natural light
More about this property
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