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

Chicago, IL, 60608
$ 599,000
Bedrooms10 Baths0.0 Sq 6,200

Monthly Estimate*

$ 3,737

2702 W 24th Street, Chicago, IL 60608 - Image 1
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2702 W 24th Street, Chicago, IL 60608 - Image 9
2702 W 24th Street, Chicago, IL 60608 - Image 10

Multi-Family Home for sale in Chicago, IL

for $599,000 with 10 bedrooms. This 6,200 square foot home was built in 1908 on a lot size of 0.07.

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.

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Multi-Family Contingent

Price

$ 599,000

Bedrooms

10

Property Type

Multi-Family

Taxes

$ 10,260

Style

Lot Size

0.07

Year Built

1908

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12408436

Features
General
Cooling None
Possession Closing Tenant's Rights
Zoning MULTI
Construction Materials Brick
Year Built 1908
Electric Circuit Breakers Separate Meters
Tenant Pays Electricity Heat
Stories Count 3
Township West Chicago
Tax Year 2023
Gross Income 89808
County Cook
Net Operating Income 63311
Operating Expense 24407
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
MaintenanceExpense 0
Status Contingent
Directions One Block East of California & 24th St - North Side of the Street.
City Chicago
Number Of Units Total 6
MLS Area CHI - South Lawndale
Lot Size Square Feet 3101
Tax Annual Amount 10260.6
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active Under Contract
Cap Rate 10.6
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Interior
Basement Unfinished
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Exterior
Foundation Details Concrete Perimeter Stone
Building Area Total 6200
Lot Dimensions 25 X 125
Lot Size Acres 0.07
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* Excluded Features
List By
Sperry Van Ness

Broker

angelo.labriola@svn.com

Email

Affordability Calculator

$4,592
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,737
Monthly Property Taxes
$855
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
7/7/2025$575,000 Listed Price

Map


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2702 W 24th Street, Chicago, IL, 60608 is a Multi-Family Home for sale at $599,000 with 6,200 sqft and a lot size of 0.07. 2702 W 24th Street has 10 bedrooms, 0.0 baths, and was built in 1908. The property's zip code is 60608 which is in Chicago, IL