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$550,000
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Property Description
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.
Full Property Details
Full Property Details for 720 W 61st St
General
- Price: $550,000
- Taxes: $2,743 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12795412
- Updated: 11/2/2026
- Added to Site: 15 day(s) ago
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 14
Location
- Area: CHI - Englewood
- County: Cook
- Township: Hyde Park
- Driving Directions: From the north, take I-90/94 (Dan Ryan) south to 63rd Street, then east to Halsted and north to 61st Street. From the south, take I-90/94 north to 63rd Street, then east to Halsted and north to 61st Street. From the east, travel west on 61st Street to the property. From the west, travel east on 61st Street to the property. The property is just east of Halsted Street.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Gas
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full
- Year Built: 1903
- Built Before 1978: Yes
- Remodeled/Updated: 2026
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 50 x 125
Financial Considerations
- Assessment Year: 1903
- Tax Amount: $2,743
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Standard
- Property ID: 20163080240000
Listed by Hunter's Realty, Inc.
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Schools
Schools serving 720 W 61st St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Nicholson Technology Acad Elementary School 6006 South Peoria Street, Chicago, IL 60621 | PK-8 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 720 W 61st St
Date
Details
Price
Change
Source
10/27/2026
Listed
$550,000
15.79%
MLS
9/26/2024
Sold
$475,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 720 W 61st St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,743
—
$29,000
123%
2023
$2,743
3%
$13,000
—
2022
$2,674
2%
$13,000
—
2021
$2,614
15%
$13,000
28%
2020
$2,271
-2%
$10,196
-12%
2019
$2,328
2%
$11,587
—
2018
$2,289
-58%
$11,587
-55%
2017
$5,511
7%
$25,600
—
2016
$5,127
9%
$25,600
—
2015
$4,691
17%
$25,600
18%
2014
$4,018
2%
$21,654
—
2013
$3,938
1%
$21,654
—
2012
$3,886
—
$21,654
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 720 W 61st St
720 W 61st Street, Chicago, IL 60621 (MLS# 12795412) is a Multi-Family property with 4 units containing 14 bedrooms and 0 full bathrooms. 720 W 61st Street is currently listed for $550,000 and was received on October 27, 2026. Want to learn more about 720 W 61st Street? Do you have questions about finding other Multi-Family real estate for sale in Englewood? You can browse all Englewood real estate or contact a Coldwell Banker agent to request more information.
