318 W 24th Place, Chicago, IL 60616

• 7 beds |
• 3 baths

Property Description

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!

Listing Status:

Active

Listing Office:

Mango Realty Group : 773-886-0660

Listing Agent:

ManChing Ng : 773-886-0660

MLS ID:

12531212

Interior

• Basement: FinishedFull
• Heating: Natural Gas

Exterior

• Parking: YesGarage OwnedDetachedGarageParking spaces: 2

Construction

• Roofing: Asphalt
• General: Concrete Perimeter

Location

• HOA Amenities: ParkSidewalksStreet Lights
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 17282210250000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple

This listing courtesy of ManChing Ng, Mango Realty Group