About This Home

This 5-bedroom, 2-bathroom residential multi family at 531 W 61st Place in Chicago, IL is listed for $169,000. Built in 1908, on a N/A lot.

Key Features

  • Built in 1908
  • 2 parking spaces

Property Details

2 full
2 spaces
1908
Listing Description

Great opportunity for an owner-occupant or investor! This solid brick two-flat offers flexibility, income potential, and a convenient Chicago location. The second-floor unit is currently occupied, while the first-floor unit is vacant and ready for a new owner or tenant-perfect for someone looking to live in one unit while collecting rental income from the other.

Both units feature separate utilities, with individual furnaces and hot water heaters located in the basement, making management and utility expenses simple. The property is conveniently located near the University of Chicago with easy access to major highways, public transportation, restaurants, shopping, and everyday conveniences.

Monthly Cost Estimate

$904/mo

20% down · 6.5% · 30 years

Principal$122
Interest$732
Insurance$49

Estimates only. Actual payments may vary.

Location

531 W 61st Place

Chicago, IL 60621

Property Details

Construction

Brick

Parking

Owned

Heating

Forced AirNatural Gas

Questions & Answers

This 5-bedroom, 2-bathroom residential multi family at 531 W 61st Place is listed at $169,000. The estimated monthly payment is $904 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1908, 2 parking spaces.

This property is listed by Dimitris Mellos.

DM

Dimitris Mellos

Agent at James Construction

Listed by James Construction · Broker phone: (847) 668-8042 · View on Broker Site

MLS# 12767848· Source: Midwest Real Estate Data, LLC· 38 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

531 W 61st Place, Chicago, IL 60621

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