531 W 61st Place, Chicago IL 60621
$169,000

531 W 61st Place, Chicago IL 60621

$169,000
New
Englewood Two to Four Units

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Property Description

Great opportunity for an owner-occupant or investor! This solid brick two-flat offers flexibility, income potential, and a convenient Chicago location. The second-floor unit is currently occupied, while the first-floor unit is vacant and ready for a new owner or tenant-perfect for someone looking to live in one unit while collecting rental income from the other. Both units feature separate utilities, with individual furnaces and hot water heaters located in the basement, making management and utility expenses simple. The property is conveniently located near the University of Chicago with easy access to major highways, public transportation, restaurants, shopping, and everyday conveniences.

Features & Information

Key Details
  • List Price $169,000
  • Property Taxes $1,160
  • Year Built 1908
  • Status New
  • List Market Time 1

Units

  • Unit 1
  • Floor 1
  • Rooms 5
  • Beds 2
  • Baths 1
  • Appliances Stove, Refrigerator
  • Rent $0/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires VAC

  • Unit 2
  • Floor 2
  • Rooms 6
  • Beds 3
  • Baths 1
  • Appliances Stove, Refrigerator
  • Rent $1,075/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires M-T-M

Exterior Features

  • Parking
  • # of Cars:  2

Building Information
  • Number of Units 2
  • Age of Building 100+ Years

Location
  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property 61st West To Address (near 61st & Normal)

  • Schools
  • Elementary School District 299
  • Junior High District 299
  • High School District: 299

  • Property Taxes
  • Tax 1160.47
  • Tax Year 2023
  • Parcel Identification Number 20163190100000

Listed by Dimitris Mellos for James Group Properties LLC | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/27/2026 5:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Englewood

Englewood has seen its share of both good fortune and hard luck over the years. Englewood Station was once a stop on the premier New York Central Railroad Line, and had one of the hottest shopping districts in the city. Unfortunately it suffered when many of the once-prominent industries, such as the railroad, left the community. Lately, though, there is a resurgence of interest in Englewood, as developers realize some of the hidden assets of the area, including convenient access to public transportation and expressways, loads of public parkland, and affordable housing. Not to mention free music concerts and outdoor films in the neighborhood's parks during the warm weather months.

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