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Listing provided courtesy of James Group Properties LLCMREDas Distributed by MLSGrid- MLS# 12624314MLS Provider

531 W 61st PlaceChicago, IL 60621

Multi-Family · 5 Beds
$169,000 Active

531 W 61st Place Overview

Time on Site:
70 days
Visits:
0

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!

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531 W 61st Place Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1908

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Englewood
  • Township: Hyde Park

Tax Information

  • Tax Annual Amount: $1,160.47
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 20163190100000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 2
  • Bedrooms Total: 5
  • Bedrooms Possible: 5
  • Full Baths Building: 2

General Information

  • Basement: Unfinished, Full
  • Heating: Natural Gas, Forced Air
  • Rooms Total: 11

Exterior

Parking Information

  • Parking Features: Yes, Owned
  • Parking Total: 2

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25X125
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1100
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1075
  • Beds Total: 3
  • Baths Total: 1

531 W 61st Place Neighborhood

Community

60621 (Chicago) Demographics

37
Median Age
7,171
Population Density (per sq. mile)
16%
College Educated
$23,019
Estimated Median Income
2,506
Estimated Total Home Owners
8,240
Estimated Total Renters
23% / 77%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

531 W 61st Place Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

531 W 61st Place Market Data

Based on the last 30 days in this zip code

$189,260
Average List Price
$123
Average Price per Square Foot
3
Properties Sold
85
Average Days on Market
46
Properties for Sale
Calculations provided by Reliance Network

531 W 61st Place History

Date Event Value Agent
4/25/2026Source: MRED Status Change
Active
4/20/2026Source: MRED Added to Database
April 20, 2026