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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 650,000

Est. payment | -/mo

14 Beds

4 Baths

Save

$ 650,000

Est. payment | -/mo

Save

14 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12730060

Bedrooms 14

Year Built 1903

Annual Tax Amount $2,743

Tax Year 2023

Lot Dimensions 50x125

Property Sub-Type Two to Four Units

Property Description

Exceptional investment opportunity at 720 W. 61st Street, Chicago, IL! This massive, fully renovated 4-unit building sits on a double lot on a quiet residential block and offers outstanding income potential for both investors and owner-occupants. The property features three spacious 4-bedroom units and one 2-bedroom garden apartment, providing highly desirable layouts with excellent rental appeal. Each unit has been thoughtfully renovated with new kitchen cabinets, stainless steel appliances, updated light fixtures, modern bathroom vanities, new flooring, beautifully refinished hardwood floors, and new interior doors. Significant capital improvements include two new hot water tanks, a recently serviced roof, new carpeting throughout the common areas, and a professionally waterproofed and freshly painted basement. The building has been well maintained and requires only minor TLC in portions of the common areas along with some tuckpointing. The rear porch has existing city violations that are not safety-related but will need to be brought into code compliance. Conveniently located near public transportation, schools, parks, shopping, and major expressways, this property offers the perfect combination of location, space, and value. With its extensive renovations, oversized units, double lot, and strong cash flow potential, 720 W. 61st Street presents a rare opportunity to own a turnkey multi-family investment in one of Chicago's established neighborhoods.

Location

State IL

County Cook

Area Chi - Englewood

Rooms

Basement Finished, Full

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition Standard

Listed by Kaela Clay of Hunter's Realty, Inc.

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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720 W 61st ST Chicago, IL 60621