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318 W 24th Place Chicago, IL 60616

$688,000
Active / MLS# 12531212 / Multi Unit - Multiple / Chicago
5 Beds
2 Baths

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!

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Estimated Payment

$ 2,516.39 per month $1,528.89 Principal & Interest $786.83 Property Tax $200.67 Homeowner's Insurance
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Property Details

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

Schools

School District: District 299

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: Mango Realty Group

Listing Office Phone: 773-886-0660



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