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Renovated 4-Unit Quadplex
New
For Sale
$650,000

720 W 61st Street, Chicago, IL 60621

MULTI_FAMILY - Chicago, IL

Property SizeContact for details
Days on Market1

Property Features for 720 W 61st Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 14
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 11, Bedroom 12, Bedroom 9, Bedroom 10, Bedroom 2, Bedroom 8, Bathroom 4, Basement, Bedroom 7, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 13, Bedroom 14, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 3
Basement Full, Finished
Elementary school district 299
Middle school district 299
High school district 299
Directions From the north, take I-90/94 (Dan Ryan) south to 63rd Street, then east to Halsted and north to 61st Street. From the south, take I-90/94 north to 63rd Street, then east to Halsted and north to 61st Street. From the east, travel west on 61st Street to the property. From the west, travel east on 61st Street to the property. The property is just east of Halsted Street.
Subdivision CHI - Englewood
Standard status Active
APN 20163080240000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 2743

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Building Details

Year built 1903
Building materials Brick
Listing Agency: Hunter's Realty, Inc.
Listed By: Kaela Clay · License #475190154
Added: Aug 11 Last Checked: Aug 11 at 5:06PM
MLS# 12730060

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 4-unit brick multifamily building, constructed in 1903, includes three four-bedroom apartments and one two-bedroom garden apartment. Unit improvements include kitchen cabinetry, stainless steel appliances, updated lighting, bathroom vanities, flooring, refinished hardwood floors, and interior doors. Common-area work includes new carpeting, while the basement has been waterproofed and painted. Two hot water tanks have been replaced, and the roof has recently been serviced.

The property occupies a double lot on a residential block in Chicago and is near public transportation, schools, parks, shopping, and major expressways. Public sewer and natural-gas heating serve the building. Minor common-area TLC and tuckpointing remain, and the rear porch has existing non-safety-related city violations requiring code compliance.

Key Highlights

  • Four‑unit configuration with three 4‑bedroom apartments and one 2‑bedroom garden unit
  • Extensive unit updates include kitchens, stainless steel appliances, bathrooms, flooring, lighting, and doors
  • Two new hot water tanks; roof recently serviced

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Gym & Fitness Center Bakery Building Supply

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
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

865
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Brick multifamily property with three four-bedroom apartments, a two-bedroom garden unit, and extensive interior updates.
Where is this quadplex located?
The property is located at 720 W 61st Street Chicago, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit configuration with three 4‑bedroom apartments and one 2‑bedroom garden unit; Extensive unit updates include kitchens, stainless steel appliances, bathrooms, flooring, lighting, and doors; Two new hot water tanks; roof recently serviced
More about this property
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