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- LoopNet Team
2144 W Potomac Ave
Chicago, IL 60622
2144 W. Potomac - Bucktown - 5 Units · Multifamily Property For Sale
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5 Units
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.08 AC |
| Property Type | Multifamily | Building Size | 7,000 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | B | Year Built/Renovated | 1891/2016 |
| Zoning | RS-3 - Residential Single-Unit District | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 7,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1891/2016 |
| Zoning | RS-3 - Residential Single-Unit District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Heating
- Grill
- Basement
- Deck
- Family Room
ABOUT 2144 W POTOMAC AVE , CHICAGO, IL 60622
2144 W Potomac represents an opportunity to acquire a gut rehabbed 5 unit multi-family asset located ½ mile from the Damen blue line CTA stop, Milwaukee Ave and North Ave, and around the corner from Presence Saints Mary & Elizabeth Health Center / Hospital. All units were gut rehabbed and include new HVAC, Hot Water Tank, Storeage and in-unit Washer / Dryer. The building is currently 100% occupied, however two of the units in particular are 25% under market rent due to the time they were leased (2 coach house units). The leases come due this Spring and Summer and a new owner can realize immediate upside. See attached OM for a market projection.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | - | - |
| 3+3 | 1 | - | - |
| 4+3 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 17-06-120-026-0000 | Improvements Assessment | $113,219 |
| Land Assessment | $32,835 | Total Assessment | $146,054 |
PROPERTY TAXES
