About This Home

This 14-bedroom, 4-bathroom residential multi family at 720 W 61st Street in Chicago, IL is listed for $550,000. Built in 1903, on a N/A lot.

Key Features

  • Built in 1903

Property Details

4 full
1903
Listing 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.

Monthly Cost Estimate

$2,942/mo

20% down · 6.5% · 30 years

Principal$398
Interest$2,383
Insurance$160

Estimates only. Actual payments may vary.

Location

720 W 61st Street

Chicago, IL 60621

Property Details

Construction

Brick

Heating

Natural Gas

Questions & Answers

This 14-bedroom, 4-bathroom residential multi family at 720 W 61st Street is listed at $550,000. The estimated monthly payment is $2,941 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1903.

This property is listed by Kaela Clay.

KC

Kaela Clay

Agent at Hunter's Realty, Inc.

Listed by Hunter's Realty, Inc. · Broker phone: (708) 628-2900 · View on Broker Site · Broker website

MLS# 12795412· Source: Midwest Real Estate Data, LLC· 2 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.

720 W 61st Street, Chicago, IL 60621

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