318 W 24th Place
Chicago, IL, 60616
$688,000
7 Beds
3 Baths
0 SqFt
0 Acres
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$688,000
318 W 24th Place
Chicago, IL, 60616
MLS #MRD12531212 image #0MLS #MRD12531212 image #1MLS #MRD12531212 image #2MLS #MRD12531212 image #3MLS #MRD12531212 image #4MLS #MRD12531212 image #5MLS #MRD12531212 image #6MLS #MRD12531212 image #7MLS #MRD12531212 image #8MLS #MRD12531212 image #9MLS #MRD12531212 image #10MLS #MRD12531212 image #11MLS #MRD12531212 image #12MLS #MRD12531212 image #13MLS #MRD12531212 image #14MLS #MRD12531212 image #15MLS #MRD12531212 image #16MLS #MRD12531212 image #17MLS #MRD12531212 image #18MLS #MRD12531212 image #19MLS #MRD12531212 image #20
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!

Property Details

Price:
$688,000
MLS #:
MRD12531212
Status:
Active
Beds:
7
Baths:
3
Type:
Multi Family
Neighborhood:
chiarmoursquare
Listed Date:
Dec 11, 2025
Year Built:
1890
Chi – Armour SquareChiarmoursquare

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Community Features
Park, Sidewalks, Street Lights
Construction Materials
Vinyl Siding, Brick
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
2
Roof
Asphalt

Financial

Tax Year
2024
Taxes
$9,443
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Dec 14, 2025
1,404
Multi Family Listed
88
Avg DOM
$490,735
Avg List Price

Community

Subdivisions in Chicago

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Property Summary

    318 W 24th Place Chicago IL is a Multi Family for sale in Chicago, IL, 60616. It is listed for $688,000 To schedule a showing of MLS#mrd12531212 at 318 W 24th Place in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
318 W 24th Place
Chicago, IL