Chicago, IL 60616 318 W 24th Place

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Presented By: Mango Realty Group
  • MLS# 12531212
  • 12/10/2025
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 3
  • Garage • 2

Home Details

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!
Presented By: Mango Realty Group

Interior Features for 318 W 24th Place

Bedrooms

Bedrooms Possible7
Total Bedrooms7

Bathrooms

Full Baths Building3
Half Baths Building
Total Baths3

Other Interior Features

BasementFinished, Full
Total Number of Units3

General for 318 W 24th Place

CityChicago
Community FeaturesPark, Sidewalks, Street Lights
Construction MaterialsVinyl Siding, Brick
CountyCook
DirectionsS Wentworth Ave to 24th Place
Elementary School District299
Garage Spaces2
HeatingNatural Gas
High School District299
MLS AreaCHI - Armour Square
Middle/Junior School District299
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofAsphalt
SewerPublic Sewer
Standard StatusActive
StatusNew
Tax Annual Amount9442.68
Tax Year2024
Total Rooms19
TownshipSouth Chicago
Year Built1890

Exterior for 318 W 24th Place

Foundation DetailsConcrete Perimeter
Lot Dimensions25 X 125
Parking FeaturesYes, Garage Owned, Detached, Garage
Total Parking2
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Client Care

Price $688,000
MLS#12531212
List Date 12/10/2025
Property Type Multi-Family
Phone 847.485.2500
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