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Quadplex Building Ready for Renovation
New
For Sale
$115,000

1111 W 61st St, Chicago, IL 60621

Gutted brick multifamily property offered as-is for renovation.

Property SizeContact for details
Days on Market2

Property Features for 1111 W 61st St

General Information

Standard status Active
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence currently gutted

Additional Details

Multifamily Units 4

Building Details

Year Built 1895
Buildings 1
Construction brick
Listing Agency: Double R Realty LLC
Listed By: Northwest Suburban Real Estate
Source: Nwsrealestate
Added: Sep 21 Last Checked: Sep 21 at 5:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Double R Realty LLC

Investment Insights

Based on property information with market context.

This four-unit brick quadplex, built in 1895, is currently gutted and requires renovation. The property is offered in its present as-is condition, providing a renovation project within an established multifamily structure.

Located at 1111 W 61st St in Chicago, Illinois, the property is subject to HUD Guidelines 24 CFR 206.125. The buyer is responsible for independent due diligence concerning property condition, zoning, permits, and renovation requirements. Cash-only terms apply.

Key Highlights

  • Four‑unit brick quadplex built in 1895
  • Currently gutted and ready for renovation
  • Offered in as‑is condition

Property Analytics

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Current Use

Opus Institute of Chicago Vocational School Jonathan Cambry Tutoring Service

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Gym & Fitness Center Skin Care Clinic

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

3,523
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?
Quadplex - Gutted brick multifamily property offered as-is for renovation.
Where is this quadplex located?
The property is located at 1111 W 61st St Chicago, IL.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Four‑unit brick quadplex built in 1895; Currently gutted and ready for renovation; Offered in as‑is condition
More about this property
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