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318 W 24th Place, Chicago, IL 60616

$648,800
  • 318 W 24th Place, Chicago, IL 60616 Main Photo

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Active
BEDS5 BATHS2 full MLS#12607967
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

Property Description

Seize this rare opportunity to own a multi-unit property in the thriving heart of Chinatown-one of Chicago's most dynamic and rapidly growing neighborhoods! This versatile building offers two main units plus a finished basement unit, all equipped with central heating and cooling for year-round comfort. Sun-filled interiors and a 2-car garage add even more value to this exceptional offering. The property is currently occupied by long-term tenants, with rents priced far below market-creating immediate upside for the savvy investor. Whether you choose to renovate, reposition, or simply bring rents to market levels, the cash-flow potential is tremendous. Location is everything, and this one has it all: just steps from CTA transportation, restaurants, shops, parks, and banks, with unbeatable access to major highways. Convenience and demand in this area continue to rise. Additional Highlight: this property sits directly beside a large vacant lot poised for major future development in Chinatown. Owning next to a significant development site positions you perfectly to benefit from appreciation and increased neighborhood visibility. Opportunities like this are truly rare. Don't miss your chance to secure a high-potential multi-unit property in one of Chicago's most desirable and evolving communities!

318 W 24th Place | MLS# 12607967

This multi-family property located at 318 W 24th Place, Chicago, IL 60616 is currently listed for sale with an asking price of $648,800. W 24th Place is located within the District 299 school district. Search Chicago real estate on www.mycrr.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Finished, Full
Basement: Yes
Garage: 2
Heating: Natural Gas
Lot Size: 25 X 125
Roof Type: Asphalt
Taxes: $9,442
Year Built: 1890

Feature Descriptions

Exterior: Vinyl Siding, Brick
Lot Dimensions: 25 X 125
Parcel#: 17282210250000
Parking: Yes, Garage Owned, Detached, Garage
Sewer: Public Sewer
Total Rooms: 14
Township: South Chicago
Water: Public

Local Schools

School District: District 299

Listed By / Shown By

Listed By

Agency Name: Mango Realty Group
Agency Phone: 773-886-0660

Shown By

Agency Title: Charles Rutenberg Realty
Agency Phone: 630-929-1100

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Estimated Payment

$ 4,256.75 per month $3,280.69 Principal & Interest $786.83 Property Tax $189.23 Homeowner's Insurance

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