2702 W 24th Street
Chicago, IL, 60608
$575,000
Beds
0 Baths
0 SqFt
0.07 Acres
Add
Add
$575,000
2702 W 24th Street
Chicago, IL, 60608
MLS #MRD12408436 img 0MLS #MRD12408436 img 1MLS #MRD12408436 img 2MLS #MRD12408436 img 3MLS #MRD12408436 img 4MLS #MRD12408436 img 5MLS #MRD12408436 img 6MLS #MRD12408436 img 7MLS #MRD12408436 img 8MLS #MRD12408436 img 9
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

Net Operating Income
$46,490
Tax Year
2023
Taxes
$10,261
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Similar Listings Nearby

2702 W 24th Street
Chicago, IL