Chicago, IL 60608 2702 W 24th Street
$599,000



5 more





Presented By: Sperry Van Ness
Home Details
Discover an exceptional investment opportunity with this large 6-unit multifamily property, perfectly positioned for strong cash flow and growth. The front building features four spacious units, including two full-floor residences-a 4 bed/1 bath and a 3 bed/1 bath-alongside a 2 bed/1 bath and a 1 bed/1 bath unit on the second floor. A rear coach house adds two expansive 3 bed/1 bath full-floor units, complemented by a large attic for additional storage. Renovated in 2017, the property boasts updated kitchens, modern bathrooms, gleaming hardwood floors, central heat, and on-site laundry, ensuring tenant satisfaction and low maintenance. This property is a proven income generator, currently delivering excellent returns with significant upside potential. Rents are well below market rates, offering immediate opportunities to boost revenue with minimal effort. With a few strategic updates, this gem can easily achieve a 10+ cap rate, making it an ideal addition to any investor's portfolio. Don't miss your chance to own a turnkey multifamily asset with strong fundamentals and room for growth in a high-demand rental market.
Presented By: Sperry Van Ness
Interior Features for 2702 W 24th Street
Other Interior Features
BasementUnfinished
General for 2702 W 24th Street
Additional Parcels Y/NNo
Cap Rate10.6
CityChicago
Construction MaterialsBrick
ContingencyAttorney/Inspection
CoolingNone
CountyCook
DirectionsOne Block East of California & 24th St - North Side of the Street.
ElectricCircuit Breakers, Separate Meters
Electric Expense
Fuel Expense
Gross Income89808
Insurance Expense
Lot Size Square Feet3101
MLS AreaCHI - South Lawndale
MaintenanceExpense
ModificationTimestamp2025-10-24T02:14:01.672Z
Net Operating Income63311
Number Of Units Total6
Operating Expense24407
PossessionClosing, Tenant's Rights
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories Count3
Tax Annual Amount10260.6
Tax Year2023
Tenant PaysElectricity, Heat
TownshipWest Chicago
Trash Expense0
Water Sewer Expense0
Year Built1908
ZoningMULTI
Exterior for 2702 W 24th Street
Building Area Total6200
BuyerOfficeFax(847) 257-0889
Foundation DetailsConcrete Perimeter, Stone
Lot Dimensions25 X 125
Lot Size Acres0.07
Additional Details
Price History

SQFT • 6,200