720 W 61st Street Chicago, IL 60621 • Multi Unit - Multiple • Active $550,000

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.

Property Highlights