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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.
Englewood, located between Washington Park and West Englewood, is a historic and residential Chicago neighborhood with a grid of classic brick two-flats and broad commercial corridors. The neighborhood’s energy concentrates along West 63rd Street near South Halsted Street, where storefront blocks, murals, and corner shops set a street-level rhythm. Hamilton Park’s fieldhouse and greenspace give the area a strong civic anchor. Kennedy-King College adds a campus presence and steady daytime motion along 63rd. The Englewood Square development frames a modern retail-and-services node beside the college. Side streets mix worker cottages, greystones, and tidy bungalows, creating a grounded, architectural patchwork.
Provided by Walk Score and Local Logic
Market insights
720 W 61st St · $599,900
DAYS ON MARKET
66 days
The average home goes pending in 67 days.
SALE-TO-LIST
99.3%
Most homes are selling 1% below list price.
LIST PRICE
$599,900
Median list price in this area is $468,694. (22% lower than this home)
PRICE DROP
2 price drops
13% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
28 total rooms
Finished full basement
Bedrooms
14 bedrooms total
Multiple 3-bedroom units included
Bathrooms
4 full bathrooms total
Kitchen
Stove
Refrigerator
Laundry & utility
Tenants pay electric and gas
Heating & cooling
Natural gas heating
Exterior features
Lot dimensions approximately 50 x 125
Lot size between 0.25 and 0.49 acre
Property just east of Halsted Street
Home design
Two- to four-unit building
Fee simple ownership
Rehab completed in 2026
100+ years old
Built before 1978
Construction
Brick construction
Utilities
Water source: Lake Michigan
Public sewer
Financial info
Four units in the building
Some units currently rented (month-to-month and specified rents)
Unit rents noted: two units at $2,000, one unit at $1,250
Other
Rehab indicator: Yes
Special service area: No
Immediate possession available
Electricity and solar
View estimated energy costs and solar savings for this home
Stop by this 4 unit grey stone seated on an oversized lot in the up and coming Englewood community! This gorgeous 3flat boasts 3 spacious 4-bedroom units and one 2-bedroom garden apartment. This multi-unit has individual heat and is minutes from Kennedy King College. Nestled on a quiet block, this property is versatile enough to host its next investor or owner occupant.Property is being sold As-Is.
MRED as Distributed by MLS Grid #06998357
Sep 26, 2009
Listing Removed
—
Public Records
Jun 7, 2000
Sold
$152,000
Public Records
Jun 11, 1999
Sold
$75,000
Year
Property tax
Land + Additions
Assessment*
2023
$2,743 (+2.6%)
$1,611 + $27,389
$29,000
2022
$2,674 (+2.3%)
$2,685 + $10,315
$13,000
2021
$2,614 (+15.1%)
$2,685 + $10,315
$13,000
2020
$2,271 (−2.4%)
$4,027 + $6,169
$10,196
2019
$2,328 (+1.7%)
$4,027 + $7,560
$11,587
2018
$2,289 (−58.5%)
$4,027 + $7,560
$11,587
2017
$5,511 (+7.5%)
$3,490 + $22,110
$25,600
2016
$5,127 (+9.3%)
$3,490 + $22,110
$25,600
2015
$4,691 (+16.8%)
$3,490 + $22,110
$25,600
2014
$4,017 (+2.0%)
$3,222 + $18,432
$21,654
2013
$3,938 (+1.3%)
$3,222 + $18,432
$21,654
2012
$3,886 (−4.8%)
$3,222 + $18,432
$21,654
2011
$4,082 (−0.4%)
$4,296 + $20,894
$25,190
2010
$4,099 (+4.4%)
$4,296 + $20,894
$25,190
2009
$3,928 (+3.5%)
$4,296 + $20,894
$25,190
2008
$3,797 (+1.0%)
$4,296 + $22,171
$26,467
2007
$3,759
$4,296 + $22,171
$26,467
Public record
Public record
Zoning
Beds
9
Baths
4.5
Stories
3
Lot width
—
Lot depth
—
Lot size
5,370 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
5,535
Unfinished Sq. Ft.
—
Total Sq. Ft.
5,535
Year built
1903
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
20163080240000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 15, 2026.
RS-3
Residential Single-Unit (Detached House) District
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational / school
Library
Recreation
Cemetery
Park & open space
Climate risks
3/10 Flood Factor
Estimated 10-14% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60621
Average low and high temperatures (°F)
30
18
39
25
54
36
61
44
67
52
80
65
85
71
81
67
78
62
68
52
52
40
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home ranks in the top 7% for direct sun exposure in Chicago. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 720 W 61st St
$585,943
$14K under list price of $600K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $59K to $380K.