3024 E Cheltenham Place, Chicago, IL 60649

• 5 beds |
• 4 baths

Property Description

Calling All Investors! Rare opportunity to own a luxury 2-flat just steps from the Thrive Exchange development on Chicago's South Side. Located just one block from Lake Michigan, this property sits in a rapidly appreciating area with strong rental and resale upside. Investment Highlights: Approved plans & permits in hand Opportunity to complete a high-end, income-producing asset Prime South Side location near major development Strong long-term appreciation potential Property Features: Soaring high ceilings, Large, open floor plans, Modern layouts with premium finish potential Designed for luxury living Unit 1: 3 Bedrooms, 2 Full Bathrooms. In-unit washer & dryer Unit 2: 2 Bedrooms, 2 Full Bathrooms, In-unit washer & dryer This is an ideal opportunity for investors seeking to complete a luxury build in a high-demand neighborhood with significant rental income potential. Photos and approved permit/plans attached. Additional details available upon request. ARV: $375,000

Listing Status:

Active

Data Last Updated:

March 4, 2026 at 11:18PM

Listing Office:

Blue Door Dave Inc : 708-295-1784

Listing Agent:

Shavon Mitchell : 917-405-8229

MLS ID:

12569078

Interior

• Basement: UnfinishedFull
• Heating: Natural Gas

Exterior

• Parking: Off AlleyYesParking spaces: 2

Construction

• Roofing: RubberFlat
• General: Concrete Perimeter

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: MULTI21304110210000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple