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$688,000
11 Days On Site

318 W 24th Place
Chicago, IL 60616

For Sale|Multi Family|Active
7
Beds
3
Total Baths
1890
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Mango Realty Group
Call Now: 312-767-7744
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312-767-7744
318 W 24th Place318 W 24th Place318 W 24th Place318 W 24th Place
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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!

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Listing Snapshot
Price 
$688,000
Days On Site 
11 Days
Bedrooms 
7
Inside Area (SqFt) 
N/A
Total Baths 
3
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1890
MLS® Number 
12531212
Status 
Active
Property Tax 
$9,442.68
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoListing updated with changes from the MLS®
6 days agoStatus changed to Active
2 weeks agoListing first seen on site
General Features
Foundation 
Concrete Perimeter
Garage 
Yes
Garage Spaces 
2
Parking 
DetachedGarage
Parking Spaces 
2
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Water Source 
Public
Interior Features
Basement 
FinishedFull
Heating 
Natural Gas
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Exterior Features
Construction Details 
Vinyl SidingBrick
Roof 
Asphalt
Community Features
Community Features 
ParkSidewalksStreet Lights
MLS Area 
CHI - Armour Square
School District 
299
Township 
South Chicago
Schools
School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of Mango Realty Group



Based on information submitted to the MLS GRID as of 2025-12-22 09:23 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-12-22 09:23 AM UTC
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Neighborhood & Commute
Source: Walkscore
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