UNDER CONTRACT – MULTI-FAMILY
2156 W. Potomac Ave. Chicago, IL 60622
NEIGHBORHOOD
Wicker Park
PRICE
Call for details
NUMBER OF UNITS
6
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 2156 West Potomac, a six unit multi-family property located in Chicago’s popular and historic Wicker Park Neighborhood. Situated on the northeast corner of Leavitt and Potomac, the total lot size is approx. 28 x 88 FT. The building has received modest updates over the past 10 years with individual HVAC, laundry and dishwashers in-unit. Private storage is featured in the basements with a common roof deck.


An investor has the opportunity to renovate apartments to modernize the units with new kitchens and bathrooms in order to maximize investment return. Nearby comparable apartments are achieving close to 20% higher rents than the subject property.

LOCATION DETAILS

The Wicker Park neighborhood is bordered by the Chicago River to the east, The 606 Trail to the north, Division to the South, and Western Avenue to the west. The neighborhood has evolved from an artist’s haven into one of the most desirable places to live in Chicago. Today, the community is known for being among the most thriving commercial and entertainment areas in the city. Additionally, the area offers a convenient location for downtown and suburban commuters due to its proximity to major expressways, public transportation, and Chicago’s Loop.
The property is located on the northeast corner of Potomac Avenue and Leavitt Street, in the heart of Chicago’s Wicker Park Neighborhood. The property is also conveniently located approx. 1/2 mile from the Damen Blue Line CTA Station and in close proximity to numerous bus stops and Divvy Bike Stations.

HIGHLIGHTS
  • Six unit multi-family property located in Chicago’s popular Wicker Park Neighborhood
  • Value—add opportunity to complete a cosmetic renovation to achieve greater income
  • Units feature individual HVAC, dishwashers and laundry.
  • Ideal unit mix consists of 2.5 Bed/2 Bath, 1.5 Bed/ 2 Bath, and 2 Bed/1 Bath Units
  • Opportunity to install closets in two bedrooms, creating 3 Bedroom/2 Bath apartments
  • Approx. ½ mile from the Damen Blue Line CTA Station
LISTING BROKERS
Jordan Multack
Director
773.305.4884
Clay Maxfield
Director
773.305.4852
Jordan Gottlieb
Principal
773.305.4922