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Renovated Brick Duplex
For Sale
$169,000

531 W 61st Place, Chicago, IL 60621

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market145

Property Features for 531 W 61st Place

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 4, Bedroom 5, Basement, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
Parking 2
Parking features Owned
Basement Full, Unfinished
Elementary school district 299
Middle school district 299
High school district 299
Directions 61ST WEST TO ADDRESS (NEAR 61ST & NORMAL)
Subdivision CHI - Englewood
Standard status Active
APN 20163190100000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 1160

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1908
Building materials Brick
Listing Agency: James Group Properties LLC
Listed By: Dimitris Mellos · License #471007653
Added: Apr 20 Changed: Sep 6 Last Checked: Sep 11 at 6:06AM
MLS# 12624314

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This renovated brick duplex dates to 1908 and includes two residential units with open-concept layouts, spacious closets, LED lighting, and new appliances. The property includes basement space, two bathrooms, five bedrooms, forced-air heating powered by natural gas, and owned parking. Public water and public sewer serve the building. Long-term tenants are in place.

The property is located in Chicago’s 60621 ZIP code, with access to public transportation and major highways. The surrounding area includes restaurants, shopping, Lake Michigan, and the University of Chicago. MULTI zoning supports the property’s multifamily classification.

Key Highlights

  • Renovated brick duplex with two residential units
  • Built in 1908 with basement space
  • Five bedrooms and two bathrooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Gym & Fitness Center Skin Care Clinic Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

936
Businesses Nearby

Demographics for 60621, IL

29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit multifamily property with updated interiors, owned parking, and public utilities.
Where is this duplex located?
The property is located at 531 W 61st Place Chicago, IL.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Renovated brick duplex with two residential units; Built in 1908 with basement space; Five bedrooms and two bathrooms
More about this property
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