318 W 24th Place Chicago, IL 60616
Chinatown NeighborhoodEstimated payment $4,406/month
Highlights
- Very Popular Property
- Property is near a park
- 1-minute walk to Sun Yat-Sen Park
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $9,443
Year Built
- Built in 1890
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 3 Bathrooms
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 25 x 125
- Property is near a park
- Heating System Uses Natural Gas
Community Details
- 3 Units
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/10/2025 12/10/25 | For Sale | $688,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12531212
APN: 17282210250000
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