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$ 575,000
Est. payment /mo
Active
2702 W 24th Street Chicago, IL 60608
6,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 6,200 sqft
Price per Sqft $92
MLS Listing ID 12408436
Year Built 1908
Annual Tax Amount $10,260
Tax Year 2023
Lot Size 3,049 Sqft
Lot Dimensions 25 X 125
Property Sub-Type Multi Family 5+
Property Description
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.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter, Stone
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Angelo Labriola • Sperry Van Ness