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    708 W 61St Pl Chicago, IL 60621

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    For Sale
    $285,000

    Solid, renovated two-unit building in Englewood, close to transportation.

    Lot size:
    0.08 Acres

    Property Features for 708 W 61St Pl

    General Information

    Lot size
    0.08 Acres
    Interior features
    Interior Feature 1, : "Natural Gas"

    Building Details

    Year built
    1915

    Source: 1st Union Realty Group Agent Rachael Joiner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained Two-Unit Building

    This well-maintained two-unit building is move-in ready and features an unfinished basement. Renovations in 2020 included a new roof, new back porch, and tuck-pointing. The property includes slab parking in the rear. Located in Englewood, the building is close to public transportation and minutes from the Dan Ryan Expressway. This property presents an opportunity for investment or owner occupancy. One unit is currently owner-occupied. The lease for the second unit ends on 9/30/2025.
    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
    -87.6429646
    Latitude
    41.7827794

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    FAQs

    What type of property is this?
    Duplex - Solid, renovated two-unit building in Englewood, close to transportation.
    Where is this duplex located?
    The property is located at 708 W 61St Pl Chicago, IL.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - Move-in ready, well-maintained 2-unit building.; - Rehabbed in 2020 with new roof and back porch.; - Great location in Englewood, close to public transportation and the Dan Ryan Expressway.
    Request Owner's contact information
    708 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
    708 W 61St Pl Chicago, IL 60621
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