Chicagoland Homes
  • Buy
  • Rent
  • Commercial
  • Find a REALTOR®
    Price range
    $
    $
    Bedrooms
    Bathrooms
    Property type
    Square feet
    Lot size
    Heating
    Cooling
    Parking spots
    Garage
    Basement
    Year built
    Max HOA
    Tours
    More amenities
    1 home
      1 result available
      501-505 W 60 Place, Chicago, IL 60621
      Price Reduced $1,000
      501-505 W 60 Place, Chicago, IL 60621
      $399,000
      sqft
      acres
      Commercial Multi-housing for Sale

      501-505 W 60 Place, Chicago, IL 60621

      Listing by: Coldwell Banker Realty
      1 - 1 of 1 results
      © 2025 Mainstreet REALTORS® All Rights Reserved.
      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
      Equal opportunity
      Membio
      Chicagoland Homes
      501-505 W 60 Place, Chicago, IL 60621
      501-505 W 60 Place, Chicago, IL 60621
      501-505 W 60 Place, Chicago, IL 60621
      501-505 W 60 Place, Chicago, IL 60621
      501-505 W 60 Place, Chicago, IL 60621
      501-505 W 60 Place, Chicago, IL 60621
      Price Reduced $1,000
      $399,000 $1,000 
      sqft
      acres

      501-505 W 60 Place, Chicago, IL 60621

      Commercial Multi-housing for Sale by John GroebeColdwell Banker Realty.

      Data checked -. Listing last updated 10 days ago.
      1. Overview
      2. Details
      3. More 

      This is a money maker. All units rented. Gross income 87000. Expenses 42541. Final income $44,458. Yes, large cash on cash return. Great opportunity to buy $650,000 investment for $400,000. Five huge 3 bedroom, 2 bath updated condo units with in-unit laundry. 9 units in the association. Association dues are 202/ month. Tenants pay heat and electric. Association has all other expenses. All units have central Air Conditioning. Newer furnaces and AC units. Great condition. Each unit has deeded parking space. There is 6 deeded parking spaces with the units. Plenty of street parking as this is a corner building. 5 minutes to Interstate 94 to downtown. Open spacious land around for future development. Great little money maker. Owner needs to sell fast. He has priced this investment accordingly. Call listing agent for showings.

      Internet Serviceability
      Details
        Property type
      Commercial Sale
        Year built
      1928
        Heating
      -
        Cooling
      Central Individual
        Garage
      No
        Parking spots
      -
      MRD12386860
      MLS ID
      Active
      Status
      06-06-2025
      On market date
        Pets allowed
      Lot features
      Monthly taxes
      $589
      Yearly taxes
      $7,065.86
      Schools
      -
      Maintenance
      -
      Additional Fees
      -
      Fees Include
      Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
      Open Houses
      In-Person
      No upcoming in-person open houses
      Virtual
      No upcoming virtual open houses
      Contact Agent
      John Groebe
      John Groebe
      Direct 
       
      Location
      Interstate 94 to 59th St west to Normal Blvd south to 60th Place. building on southwest corner.
      For Sale Nearby
      No nearby homes are For Sale Nearby.
      Recently Sold
      No nearby homes have been Recently Sold.
      501-505 W 60 Place, Chicago, IL 60621, is a Multi Family built in 1928. This property is currently available for sale and was listed on Mainstreet REALTORS® on 6-6-2025. The MLS# for this Multi Family is MLS# MRD12386860.
      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
      Copyright ©2025 Mainstreet REALTORS®