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    531 W 61St Pl Chicago, IL 60621

    New
    Picture of Duplexes at W 61St Pl 531, Chicago, IL
    Under Contract
    For Sale
    $189,000

    Residential Income - Chicago, IL

    Days on Market:
    1
    Last Refresh:
    Dec 13 at 9:06 pm

    Property Features for 531 W 61St Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    20163190100000
    Parking
    2

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1908
    Architectural style
    Other

    James Construction (847) 668-8042 [email protected]

    Listing agent Dimitris Mellos (312) 588-9046 License #471007653

    Listing date Dec 13, 2025

    MLS# 12510144 Listing URL

    Copyright © 2025 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.

    Overview

    Renovated Two-Flat in Chicago

    This renovated brick two-flat in Chicago, Illinois, is presented as an investment opportunity. The property is located in a neighborhood with convenient access to The University of Chicago, major highways, public transportation, restaurants, shopping, and Lake Michigan. The units feature new appliances, an open concept layout, large closet space, and LED lighting. The property is zoned for multi-family use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6388112
    Latitude
    41.7823476

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    FAQs

    What type of property is this?
    Duplex - Renovated brick two-flat, ideal for investors, long-term tenants.
    Where is this duplex located?
    The property is located at 531 W 61St Pl Chicago, IL.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: - Renovated brick two-flat offering immediate cash flow with long-term tenants.; - Convenient location near The University of Chicago, major highways, public transportation, restaurants, shopping, and Lake Michigan.; - **Brand new appliances in each unit.**
    (312) 588-9046
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    531 W 61St Pl Chicago, IL 60621
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    Chicago, IL 60621
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    531 W 61St Pl Chicago, IL 60621
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