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2702 West 24th Street, Chicago, IL

$599,000

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0.07

Acres

About 2702 West 24th Street

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.

Features of 2702 West 24th Street

MLS® # 12408436
Price $599,000
Bathrooms 0.00
Acres 0.07
Year Built 1908
Type Commercial Sale
Sub-Type Multi Family 5+
Status Contingent

Community Information

Address 2702 West 24th Street
Area CHI - South Lawndale
City Chicago
County Cook
State IL
Zip Code 60608

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling None
Fireplace No
Has Basement Yes
Basement Unfinished

Exterior

Exterior Brick
Foundation Concrete Perimeter, Stone

Additional Information

Days on Market 52
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSperry Van Ness
Contact Infoangela.corvo@svn.com

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Listing information last updated on October 26th, 2025 at 11:53am CDT.