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14 Beds
4 Baths

$599,900

720 W 61st Street, Chicago IL, 60621

Built in1903
Property typeMulti-family
Listed by Kaela Clay with Hunter's Realty, Inc. 773-619-2965

Overview

Active

Price Change

Listed Aug 11, 2026

Updated 3 days ago

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.

$3,991/mo

Est. mortgage payment based on a $599,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12730060

Interior Features

Bedrooms
14
Bathrooms
4
Heating
Yes
Basement
Yes

Other Property Details

Taxes
$2,743
Tax Frequency
Annually
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Listed by Kaela Clay with Hunter's Realty, Inc. 773-619-2965

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