$575,000
2702 W 24th Street
Chicago, IL, 60608
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.
Property Details
Price:
$575,000
MLS #:
MRD12408436
Status:
Active
Beds:
0
Baths:
0
Address:
2702 W 24th Street
Type:
Commercial
Neighborhood:
CHI – South Lawndale
City:
Chicago
Listed Date:
Jul 7, 2025
State:
IL
Total Sq Ft:
6,200
ZIP:
60608
Lot Size:
3,101 sqft / 0.07 acres (approx)
Year Built:
1908
Schools
Interior
Cooling
None
Exterior
Construction Materials
Brick
Financial
Tax Year
2023
Taxes
$10,261
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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2702 W 24th Street
Chicago, IL
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