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531 W 61st Place Chicago, IL $ 169,000
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$ 169,000 Get more info
531 W 61st Place
$ 169,000
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531 W 61st Place

Chicago, IL, 60621
$ 169,000
Bedrooms5 Baths2.0

Monthly Estimate*

$ 1,167

531 W 61st Place, Chicago, IL 60621 - Image 1
531 W 61st Place, Chicago, IL 60621 - Image 2
531 W 61st Place, Chicago, IL 60621 - Image 3
531 W 61st Place, Chicago, IL 60621 - Image 4

Multi-Family Home for sale in Chicago, IL

for $169,000 with 5 bedrooms and 2 full baths. This home was built in 1908.

Great opportunity for an owner-occupant or investor! This solid brick two-flat offers flexibility, income potential, and a convenient Chicago location. The second-floor unit is currently occupied, while the first-floor unit is vacant and ready for a new owner or tenant-perfect for someone looking to live in one unit while collecting rental income from the other. Both units feature separate utilities, with individual furnaces and hot water heaters located in the basement, making management and utility expenses simple. The property is conveniently located near the University of Chicago with easy access to major highways, public transportation, restaurants, shopping, and everyday conveniences.

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Multi-Family Active

Price

$ 169,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,160

Style

Year Built

1908

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12767848
Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing Immediate Tenant's Rights
Zoning MULTI
Construction Materials Brick
Year Built 1908
Township Hyde Park
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 11
Status Active
Directions 61ST WEST TO ADDRESS (NEAR 61ST & NORMAL)
City Chicago
High School District 299
MLS Area CHI - Englewood
Tax Annual Amount 1160.47
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 5
Total Baths 2
Bedrooms Possible 5
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Yes Owned
Water Source Public
Total Parking 2
Lot Dimensions 25X125
Waterfront Y/N N
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* Excluded Features
List By
James Group Properties Llc

Broker

leasing@jpm-grp.com

Email

Affordability Calculator

$1,264
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,167
Monthly Property Taxes
$97
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/23/2026$169,000 Listed Price

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531 W 61st Place, Chicago, IL, 60621 is a Multi-Family Home for sale at $169,000. 531 W 61st Place has 5 bedrooms, 2.0 baths, and was built in 1908. The property's zip code is 60621 which is in Chicago, IL

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