Exceptional investment opportunity at 720 W. 61st Street, Chicago, IL! This massive, fully renovated 4-unit building sits on a double lot on a quiet residential block and offers outstanding income potential for both investors and owner-occupants. The property features three spacious 4-bedroom units and one 2-bedroom garden apartment, providing highly desirable layouts with excellent rental appeal. Each unit has been thoughtfully renovated with new kitchen cabinets, stainless steel appliances, updated light fixtures, modern bathroom vanities, new flooring, beautifully refinished hardwood floors, and new interior doors. Significant capital improvements include two new hot water tanks, a recently serviced roof, new carpeting throughout the common areas, and a professionally waterproofed and freshly painted basement. The building has been well maintained and requires only minor TLC in portions of the common areas along with some tuckpointing. The rear porch has existing city violations that are not safety-related but will need to be brought into code compliance. Conveniently located near public transportation, schools, parks, shopping, and major expressways, this property offers the perfect combination of location, space, and value. With its extensive renovations, oversized units, double lot, and strong cash flow potential, 720 W. 61st Street presents a rare opportunity to own a turnkey multi-family investment in one of Chicago's established neighborhoods.
Active
Price cut: $20K (8/20)
$630,000
720 W 61st St, Chicago, IL 60621
11beds
--sqft
Multi Family
Built in 1903
-- sqft lot
$620,800 Zestimate®
$--/sqft
$-- HOA
What's special
- 51 days
- 97
- 4
Zillow last checked:
Listing updated:
Listed by:
Kaela Clay 773-619-2965,
Hunter's Realty, Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12730060
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: Finished,Full
Property
Lot
- Size: 6,250 Square Feet
- Dimensions: 50x125
Details
- Parcel number: 20163080240000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1903
- Major remodel year: 2026
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $2,743
- Date on market: 8/11/2026
- Ownership: Fee Simple
Estimated market value
$620,800
$590,000 - $652,000
$1,639/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Price change | $630,000-3.1% |
Source: | ||
| 8/11/2026 | Listed for sale | $650,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





