IL
Cook
Chicago
60608
2702 W 24th Street
2702 W 24th Street, Chicago, IL 60608
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Listing Type
Commercial/Industrial
Listing Status
contingent
10
$599,000

Home Details for 2702 W 24th Street

Price
$599,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1908
Lot size acres
0.07
County
Cook
Garage
Basement
Unfinished
Days on site
119
MLS Listing#
12408436
Property Description

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 Features
  • Cooling Information
    • None
  • Basement
    • Unfinished
Listing Courtesy: Sperry Van Ness - 312-676-1866
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-10-31 14:00:47. 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 Updated: 2025-10-31 14:00:47
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EXIT REALTY REDEFINED
1275 E. Butterfield Rd Suite 200, Wheaton, IL 60189
Roger Jenisch
License #: 471-013357
Broker of Record
Office
630 480 4555
Agent
773 682 8771
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