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Brick Two-Flat Duplex
New
For Sale
$169,000

531 W 61st Place, Chicago, IL 60621

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market3

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 3, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Basement
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: Sep 23 Last Checked: Sep 25 at 7:06AM
MLS# 12767848

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 two-unit duplex is constructed of brick and includes a basement with separate natural-gas furnaces and hot water heaters serving the units individually. The first-floor residence is vacant, while the second-floor residence is occupied. The property also includes owned parking and forced-air heating.

Public water and sewer serve the building, which was constructed in 1908. MULTI zoning supports its duplex configuration. The property is near the University of Chicago and offers access to major highways, public transportation, restaurants, shopping, and everyday services.

Key Highlights

  • Two‑unit brick duplex constructed in 1908
  • Vacant first‑floor unit with occupied second‑floor unit
  • Separate utilities, furnaces, and hot water heaters for each unit

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
Single-tenant
Tenancy
Yes
Utilities to site

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 - Features separate utilities and a vacant first-floor unit.
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: Two‑unit brick duplex constructed in 1908; Vacant first‑floor unit with occupied second‑floor unit; Separate utilities, furnaces, and hot water heaters for each unit
More about this property
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