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.
Property Details
Price:
$630,000
MLS #:
MRD12730060
Status:
Active
Beds:
14
Baths:
4
Type:
Multi Family
Neighborhood:
chienglewood
Listed Date:
Aug 11, 2026
Year Built:
1903
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Construction Materials
Brick
Financial
Tax Year
2023
Taxes
$2,743
Map
Community
- Address720 W 61st Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60621
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 05, 2026
1,358
Multi Family Listed
78
Avg DOM
$529,173
Avg List Price
Property Summary
- 720 W 61st Street Chicago IL is a Multi Family for sale in Chicago, IL, 60621. It is listed for $630,000
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Copyright 2026. All rights reserved.
720 W 61st Street
Chicago, IL


