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$688,000

Est. payment - /mo

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7 Beds

3 Baths

Active

318 W 24th PL Chicago, IL 60616

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12531212

Bedrooms 7

Year Built 1890

Annual Tax Amount $9,442

Tax Year 2024

Lot Dimensions 25 X 125

Property Sub-Type Two to Four Units

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!

Location

State IL

County Cook

Area Chi - Armour Square

Rooms

Basement Finished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Park, Sidewalks, Street Lights

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding,Brick, No

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding,Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by ManChing Ng of Mango Realty Group

Nearby School & Business

SCHOOLSPROPERTIES

Elementary Schools 20

10

STEM Magnet Academy Elementary School

Public | KG - 5
10

Skinner Elementary School

Public | PK - 5
9

Jackson a Elementary Language Academy

Public | KG - 8
9

Galileo Elementary Math & Science Schol Acd

Public | KG - 8
9

Sheridan Elementary Math & Science Academy

Public | KG - 8
9

Healy Elementary School

Public | PK - 8
9

J. Ward Elementary School

Public | KG - 8
9

Haines Elementary School

Public | PK - 8
8

Perez Elementary School

Public | PK - 8
7

South Loop Elementary School

Public | PK - 8
6

Namaste Elementary Charter School

Public | KG - 8
6

Chavez Multicultural Academic Center Elementary School

Public | PK - 8
6

Holden Elementary School

Public | PK - 8
6

Robinson Elementary School

Public | PK - 3
5

N. Greene Elementary School

Public | KG - 5
5

Cooper Elementary Academy

Public | PK - 5
5

Armour Elementary School

Public | KG - 8
5

Chicago Virtual Charter School

Public | KG - 12
5

McClellan Elementary School

Public | PK - 8
5

Hendricks Elementary Community Academy

Public | PK - 8

Middle Schools 8

10

Young Magnet High School

Public | 7 - 12
7

Orozco Elementary School

Public | 6 - 8
7

Noble Street Charter Schools

Public | 6 - 12
6

Evergreen Academy Middle School

Public | 6 - 8
3

Young Womens Leadership Chartr High School

Public | 7 - 12
1

Perspectives Charter High School

Public | 6 - 12
0

San Miguel-Back of the Yards

Private | 6 - 8
0

Canter Middle School

Public | 8 - 8

High Schools 20

9

Back of the Yards International Baccalaureate High School

Public | 9 - 9
9

Jones College Preparatory High School

Public | 9 - 12
9

King College Preparatory High School

Public | 9 - 12
8

Chicago High School for the Arts

Public | 9 - 12
7

Air Force Academy High School

Public | 9 - 12
7

Chicago Military Academy High School

Public | 9 - 12
6

Intrinsic Charter High School

Public | 9 - 9
6

Phillips Academy High School

Public | 9 - 12
5

Williams Medical Preparatory High School

Public | 9 - 12
3

Juarez Community Academy High School

Public | 9 - 12
3

Bronzeville Scholastic High School

Public | 9 - 12
2

Chicago Technology Academy High School

Public | 9 - 12
2

Dunbar Vocational Career Academy High School

Public | 9 - 12
1

Legal Preparatory Academy Charter High School

Public | 9 - 10
1

Urban Preparatory Charter Academy West Campus High School

Public | 9 - 12
1

Tilden Career Community Academy High School

Public | 9 - 12
1

Urban Preparatory Charter Academy Bronzeville High School

Public | 9 - 12
0

Chicago Hope Academy

Private | 9 - 12
0

Cristo Rey Jesuit High School

Private | 9 - 12
0

Simpson Academy High School for Young Women

Public | 9 - 12

School and business data provided by Attom Data.

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106