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.
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Zillow last checked:
Listing updated:
Listed by:
Kaela Clay773-619-2965,
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
Zestimate®
$639,800
Estimated sales range
$608,000 - $672,000
Rent Zestimate®
$1,734/mo
Price history
Date
Event
Price
8/11/2026
Listed for sale
$650,000
Source: MRED as distributed by MLS GRID #12730060Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.