531 W 61st Place, Chicago, IL 60621
Cook County
Key Facts
Description
Gorgeous, renovated brick two-flat is an investor's dream and guarantees YEARS of cash flow with long term tenants! This is a solid investment that will produce great returns!! Tenants will enjoy living in a quiet neighborhood convenient to The University of Chicago, major highways, public transportation, restaurants, shopping, and Lake Michigan. In-unit features include: Brand New Appliances, Open Concept Layout, Large Closet Space, and LED Lighting. This property won't last!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1908
Lot Dimensions
25X125
Parking Spaces
2
Ownership
Fee Simple
Zoning
MULTI
Days on Market
47
MLS® Listing#
12624314
Property Features
Heating
Basement
Construction
Sewer
Water Source
Financial Details
Annual Taxes
$1,160
Tax year 2023
Parcel Number
20163190100000
Directions
61ST WEST TO ADDRESS (NEAR 61ST & NORMAL)
Affordability Calculator
$33,800
Estimated monthly payment
$899/mo
Principal $135,200 · Est. interest $188,616 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $388,137
- Median Listing Price
- 47
- Median Days on Market
- 1,429
- Median Sq Ft
- $276
- Median Price / Sq Ft
- 4,628
- Active Listings
- This home’s price is 56% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
Englewood High School
Secondary · 0.2 mi away
Chicago Public Schools
School · 0.2 mi away
Johnson College Prep
Secondary School · 0.3 mi away
Chicago Public Schools
Elementary · 0.4 mi away
Chicago Public Schools
School · 0.5 mi away
Mahalia Jackson Elementary
Elementary · 0.5 mi away
Barbara A. Sizemore Academy
Elementary · 0.6 mi away
Sherwood Elementary School
Elementary · 0.7 mi away
Benjamin E. Mays Elementary Academy
Elementary · 0.7 mi away
Kipp Bloom
Elementary · 0.7 mi away
Hope College Prep High School
School · 0.8 mi away
Ross Elementary School
Elementary · 0.8 mi away
Chicago Public Schools
School · 0.8 mi away
CS Academy
School · 0.8 mi away
Parker Community Academy
School · 0.9 mi away
Robeson High School
Secondary · 0.9 mi away
Regeneration Schools
School · 0.9 mi away
Englewood Stem High School
Secondary · 0.9 mi away
Chicago International Charter School
Elementary · 0.9 mi away
Cics Washington Park
School · 0.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 8106 S Burnham Avenue, Chicago, IL | $119,000 | 5 | 2 | 1,080 |
| 10522 S MARYLAND Avenue, Chicago, IL | $119,900 | 5 | 3 | — |
| 12047 S Michigan Avenue, Chicago, IL | $119,900 | 4 | 2 | 1,376 |
| 7339 S Kimbark Avenue, Chicago, IL | $119,900 | 6 | 2 | — |
| 4722 S Ada Street, Chicago, IL | $120,000 | 4 | 2 | — |
| 5751 S Carpenter Street, Chicago, IL | $120,000 | 4 | 2 | — |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: James Group Properties LLC - 3125889046
Last Updated: 2026-04-20