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.
Details
| MLS # | 12730060 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1903 |
| Days On Site | 30 |
| Listing Provided By | Hunter's Realty, Inc. | Kaela Clay |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Acreage | 0.14 |
Interior
| Rooms Total | 28 |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 2743 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60621 |
| Area | CHI Englewood |
| Listing VS Median (in 60621) | |
Price: $630,000 low | high Med: $110,000 On site: 30 low | high Med: 22 | |
Market Activity 60621
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60621 |
| Area | CHI Englewood |
| Listing VS Median (in 60621) | |
Price: $630,000 low | high Med: $110,000 On site: 30 low | high Med: 22 | |
