Three-Unit Mixed-Use
New
For Sale
$850,000
548 E 61st St, Chicago, IL 60637
Includes furnished short-term lodging, a four-bedroom shared residence, and a first-floor commercial suite.
Property SizeContact for details
Days on Market5
Property Features for 548 E 61st St
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$3,010
Amenities
gas fireplace
private balcony
in-unit laundry
central air conditioning
Nest thermostat
smart locks
USB outlets
touchless faucets
LED vanity mirror with Bluetooth/anti-fog technology
Bluetooth-enabled LG range
new LG appliances
Building Details
Buildings
1
Stories
3
Listing Agency:
Park Place Realty Group LLC
(708) 722-5106
Listed By:
Taneisha Naylor
(773) 965-1428
Source:
Exprealty
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 11 at 2:34PM
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 Park Place Realty Group LLC
Investment Insights
Based on property information with market context.
This three-unit property combines a first-floor commercial space currently operating as a furnished Airbnb with a second-floor, four-bedroom, two-bath shared residence. The second and third floors each have a gas fireplace and private balcony. In-unit laundry, central air conditioning, a Nest thermostat, and a separate hot water heater serve each floor. Included items include the co-living furnishings, most Airbnb furniture, appliances, and a home warranty. The first-floor area is described as adaptable for commercial activity or residential expansion, including a possible duplex with the basement.
The property is within walking distance of the Obama Presidential Center, the University of Chicago, and UChicago Medicine. Improvements include a roof approximately 4 years old, windows replaced in 2022 and 2025, furnaces replaced within the last 5 years, and a garage door and entry doors installed in 2025.
The property is within walking distance of the Obama Presidential Center, the University of Chicago, and UChicago Medicine. Improvements include a roof approximately 4 years old, windows replaced in 2022 and 2025, furnaces replaced within the last 5 years, and a garage door and entry doors installed in 2025.
Key Highlights
- Three‑unit mixed‑use property with first‑floor commercial space and furnished Airbnb operation
- Second‑floor shared residence has 4 bedrooms and 2 full baths
- Second and third floors each have a gas fireplace and private balcony
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,238
Businesses Nearby
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Business Placement
Demographics for 60637, IL
53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes furnished short-term lodging, a four-bedroom shared residence, and a first-floor commercial suite.
Where is this mixed-use property located?
The property is located at 548 E 61st St Chicago, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three‑unit mixed‑use property with first‑floor commercial space and furnished Airbnb operation; Second‑floor shared residence has 4 bedrooms and 2 full baths; Second and third floors each have a gas fireplace and private balcony
