2714 W 24TH Place Chicago, IL $ 550,000
2714 W 24TH Place
$ 550,000
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2714 W 24TH Place

Chicago, IL, 60608
$ 550,000
Bedrooms9 Baths0.0

Monthly Estimate*

$ 3,655

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Multi-Family Home for sale in Chicago, IL

for $550,000 with 9 bedrooms. This home was built in 1902.

Introducing a promising 5-unit building with a variety of living configurations. The property comprises the following: 1F - 1-bedroom unit, 1R - 2-bedroom unit, 2F - 1-bedroom unit, 2R 2-bedroom, and 3 - a spacious 3-bedroom unit with central AC on the third floor. Residents benefit from convenient coin-operated laundry facilities located in the basement. There is also 3 additional storage spaces in the basement that tenants can rent out, and space for at least 4 cars to park in the rear of the property. With separate gas and electric utility meters for each unit and low property taxes, this investment offers financial stability and ease of management. All units are currently occupied by carefully screened, reliable tenants, ensuring a consistent income stream for investors. This is an excellent opportunity for investors seeking a solid return on investment. Schedule a viewing today to explore the potential of this property!

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Multi-Family Contingent

Price

$ 550,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 6,787

Style

Multi-Family

Year Built

1902

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12048561

Features
General
Utilities Sanitary Sewer Water-Municipal
Possession Closing
Roof Composition
Zoning MULTI
Year Built 1902
Electric Circuit Breakers Separate Meters
Tenant Pays Electricity Heat
Stories 3
Township West Chicago
Tax Year 2022
Current Use Multi-Family
Gross Income 59100
County Cook
Net Operating Income 49166
Operating Expense 11134
Insurance Expense 3593
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
Possible Use Multi-Family
Status Contingent
Directions CERMAK TO WASHTENAW SOUTH TO 24TH PLACE WEST TO ADDRESS
City Chicago
NumberOfUnitsTotal 5
MLS Area CHI - South Lawndale
Lot Size Square Feet 0
Street Name 24TH
Tax Annual Amount 6787.3
Electric Expense 550
Fuel Expense 929
Trash Expense 2172
Water Sewer Expense 3271
Additional Parcels Y/N N
Virtual Tour https://real.vision/2714-west-24th-place?o=u
Days on Market 23
Standard Status Active Under Contract
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Interior
Total Fireplaces 0
Street Suffix Place
Basement Partially Finished
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Exterior
Foundation Details Brick/Mortar
Lot Dimensions 25X125
Lot Size Acres 0
Frontage Type City Street
Exterior Brick
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

alexharied@atproperties.com

Email

Affordability Calculator

$4,221
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,655
Monthly Property Taxes
$566
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2024$550,000 Listed Price

Map


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2714 W 24TH Place, Chicago, IL, 60608 is a Multi-Family Home for sale at $550,000. 2714 W 24TH Place has 9 bedrooms, 0.0 baths, and was built in 1902. The property's zip code is 60608 which is in Chicago, IL