531 W 61st Pl

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Gorgeous, renovated brick two-flat is an investor's dream and guarantees YEARS of cash flow with long term tenants! This is a solid investment that will produce great returns! Tenants will enjoy living in a quiet neighborhood convenient to The University of Chicago, major highways, public transportation, restaurants, shopping, and Lake Michigan. In-unit features include: Brand New Appliances, Open Concept Layout, Large Closet Space, and LED Lighting. This property won't last!Gorgeous, renovated brick two-flat is an investor's dream and guarantees YEARS of cash flow with long term tenants! This is a solid investment that will produce great returns! Tenants will enjoy living in a quiet neighborhood convenient to The University of Chicago, major highways, public transportation, restaurants, shopping, and Lake Michigan. In-unit features include: Brand New Appliances, Open Concept Layout, Large Closet Space, and LED Lighting. This property won't last!
  1. Listed by Dimitris Mellos • James Group Properties LLC
    P: (224)-344-2842 leasing@jpm-grp.com

Property Details for 531 West 61st Place

Area
CHI - Englewood
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI
LISTING UPDATED: 02/10/2026 12:07 AM

Property Details for 531 West 61st Place

StatusActive
MLS #12535633
Days on Market88
Taxes$1,160 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1908
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Listing Courtesy of James Group Properties LLC
Add your commute

Building Information for 531 West 61st Place

Stories-Residences2Year Built1908Building Size-Lot Size0.07 AC / 3,125 SF

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$965 per month

30 year fixed, 6.11% Interest

Principal and Interest

$869

Property Taxes

$97

HOA Dues

$0

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Property Information for 531 West 61st Place

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking Details: Yes, Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 11
  • Bedrooms Total: 5
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 5
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2017
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Construction: Brick
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 6100
  • East Coordinate: 0
  • West Coordinate: 531
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 1
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Unit 1
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 06/26
Unit 2
  • Unit Type Actual Rent: $1,075.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: M-T-M

Property History for 531 West 61st Place

DateEvent & SourcePriceAppreciation
Feb 4, 2026

Listed (Active)

MRED #12535633

$179,000
Jan 23, 2026

Contingent

MRED #12535633

Dec 20, 2025

Listed (Active)

MRED #12535633

$179,000
Dec 20, 2025

Cancelled

MRED #12534737

$189,000
Dec 18, 2025

Cancelled

MRED #12510144

$189,000
Dec 18, 2025

Listed (Active)

MRED #12534737

$189,000
Dec 3, 2025

Contingent

MRED #12510144

Nov 3, 2025

Cancelled

MRED #12473830

$199,000
Nov 3, 2025

Listed (Active)

MRED #12510144

$189,000
Sep 16, 2025

Listed (Active)

MRED #12473830

$199,000
Dec 25, 2020

Cancelled

MRED #10852039

$180,000
Nov 3, 2020

Listed (Active)

MRED #10852039

$180,000
Jul 23, 2019

Cancelled

MRED #10121155

$179,900
Oct 24, 2018

Listed (Active)

MRED #10121155

$209,000
Nov 18, 2015

Cancelled

MRED #09031352

$245,000
Sep 5, 2015

Listed (Active)

MRED #09031352

$245,000
Dec 2, 2009

Expired

MRED #07314816

$73,000
Sep 2, 2009

Listed (Active)

MRED #07314816

$73,000
Aug 21, 2009

Expired

MRED #07220514

$73,000
May 19, 2009

Cancelled

MRED #06981740

$99,000
May 19, 2009

Listed (Active)

MRED #07220514

$75,000
Aug 1, 2008

Listed (Active)

MRED #06981740

$129,000
Mar 30, 2004

Sold (Public Record)

Public Record #133955720

$210,000

+3286.1% / yr

Dec 10, 2003

Sold (Public Record)

Public Record #127389674

$72,000
DateEvent & SourcePrice
02/04/2026

Listed (Active)

MRED #12535633

$179,000
01/23/2026

Contingent

MRED #12535633

12/20/2025

Listed (Active)

MRED #12535633

$179,000
12/20/2025

Cancelled

MRED #12534737

$189,000
12/18/2025

Cancelled

MRED #12510144

$189,000
12/18/2025

Listed (Active)

MRED #12534737

$189,000
12/03/2025

Contingent

MRED #12510144

11/03/2025

Cancelled

MRED #12473830

$199,000
11/03/2025

Listed (Active)

MRED #12510144

$189,000
09/16/2025

Listed (Active)

MRED #12473830

$199,000
12/25/2020

Cancelled

MRED #10852039

$180,000
11/03/2020

Listed (Active)

MRED #10852039

$180,000
07/23/2019

Cancelled

MRED #10121155

$179,900
10/24/2018

Listed (Active)

MRED #10121155

$209,000
11/18/2015

Cancelled

MRED #09031352

$245,000
09/05/2015

Listed (Active)

MRED #09031352

$245,000
12/02/2009

Expired

MRED #07314816

$73,000
09/02/2009

Listed (Active)

MRED #07314816

$73,000
08/21/2009

Expired

MRED #07220514

$73,000
05/19/2009

Cancelled

MRED #06981740

$99,000
05/19/2009

Listed (Active)

MRED #07220514

$75,000
08/01/2008

Listed (Active)

MRED #06981740

$129,000
03/30/2004

Sold (Public Record)

Public Record #133955720

$210,000

+3286.1% / yr

12/10/2003

Sold (Public Record)

Public Record #127389674

$72,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 531 West 61st Place

Taxable ValueLand$1,950Additions$3,550Total$5,500
Tax Record2023$1,160 ($97 / month)
Home Facts
Baths2Total Finished SqFt2,256 SqFtAbove Grade Finished SqFt2,256 SqFtStories2Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1911CountyCOOKAPN20-16-319-010

Schools near 531 West 61st Place

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 to 12
Public - 9 to 12
Rating
School
Distance
Nicholson Technology Acad Elementary School
PublicPK to 8

Englewood STEM High School
Public9 to 12

Jefferson Alt High School
Public6 to 12

York Alternative High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

531 West 61st Place is a multi-family home for sale in Chicago, IL 60621. This property was listed for sale on December 20, 2025 by James Group Properties LLC, it's currently listed at $179,000. It has been on the market for a total of 88 days and was last sold on March 30, 2004. This listing's school district is Chicago Public Schools. Nearby schools include Nicholson Technology Acad Elementary School, Englewood STEM High School and Jefferson Alt High School. 531 West 61st Place is a 5-bed, 2-bath, multi-family home built in 1908.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of James Group Properties LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 02/10/2026 12:07 AM. 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.