318 W 24th Place Chicago, IL $ 688,000
318 W 24th Place
$ 688,000
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318 W 24th Place

Chicago, IL, 60616
$ 688,000
Bedrooms7 Baths3.0

Monthly Estimate*

$ 4,292

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Multi-Family Home for sale in Chicago, IL

for $688,000 with 7 bedrooms and 3 full baths. This home was built in 1890.

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!

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Multi-Family Active

Price

$ 688,000

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 9,442

Style

Year Built

1890

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12531212

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Roof Asphalt
Garage Spaces 2
Construction Materials Vinyl Siding Brick
Year Built 1890
Township South Chicago
Tax Year 2024
Ownership Fee Simple
Community Features Park Sidewalks Street Lights
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 19
Status New
Directions S Wentworth Ave to 24th Place
City Chicago
High School District 299
MLS Area CHI - Armour Square
Tax Annual Amount 9442.68
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Full
Total Bedrooms 7
Total Baths 3
Bedrooms Possible 7
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Yes Garage Owned Detached Garage
Water Source Public
Total Parking 2
Foundation Details Concrete Perimeter
Lot Dimensions 25 X 125
Waterfront Y/N N
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* Excluded Features
List By
Mango Realty Group

Broker

michael@mangoRG.com

Email

Affordability Calculator

$5,079
Per Month
85%
15%
0%
Monthly Principal & Interest
$4,292
Monthly Property Taxes
$787
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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/11/2025$688,000 Listed Price

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318 W 24th Place, Chicago, IL, 60616 is a Multi-Family Home for sale at $688,000. 318 W 24th Place has 7 bedrooms, 3.0 baths, and was built in 1890. The property's zip code is 60616 which is in Chicago, IL