ActivePrice Reduced

$599,900

$650,000
720 61st Street, Chicago, IL 60621
14 Beds4 Baths57 days
720 61st Street·Chicago, IL 60621
14Bedrooms
4Bathrooms
1903Year Built
About This Home

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.

MLS# 12730060Listed August 11, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms14
Total Bathrooms4
Total Rooms28

Size & Structure

Year Built1903
Lot Size50x125

Location

CountyCook
TownshipHyde Park
Zip Code60621

Financial

List Price$599,900
Original Price$650,000
Annual Taxes (2023)$2,743
Monthly Tax Est.$229
Parcel #20163080240000
Interior Features

Heating

Natural Gas

Basement

FinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan
Tax & Financial
Annual Taxes
$2,743
Tax Year 2023
Monthly Tax Est.
$229
per month
Price Reduced by $50,100
Original list price: $650,000
Property Location

720 61st Street, Chicago, IL 60621 — Cook County

$599,900
720 61st Street
14 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
57 days on market
50x125
$2,743/yr taxes
Price reduced $50,100
$3,381
estimated monthly payment
Principal & Interest
$3,153/mo
Property Tax
$229/mo
$599,900
20% — $119,980
3%50%
6.875%
3%12%
Loan Amount
$479,920
Down Payment
$119,980

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Hunter's Realty, Inc.
Agent: Kaela Clay
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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