Closed

$648,800

318 24th Place, Chicago, IL 60616
5 Beds2 Baths6 days
318 24th Place·Chicago, IL 60616
5Bedrooms
2Bathrooms
1890Year Built
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!

MLS# 12607967Listed April 1, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms2
Total Rooms14

Size & Structure

Garage Spaces2
Year Built1890
Lot Size25 X 125

Location

CountyCook
TownshipSouth Chicago
Zip Code60616

Financial

List Price$648,800
Annual Taxes (2024)$9,443
Monthly Tax Est.$787
Parcel #17282210250000
Interior Features

Heating

Natural Gas

Basement

FinishedFull
Exterior & Lot

Construction

Vinyl SidingBrick

Roof

Asphalt

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

YesGarage OwnedDetachedGarage
HOA & Community

Community Features

ParkSidewalksStreet Lights
Tax & Financial
Annual Taxes
$9,443
Tax Year 2024
Monthly Tax Est.
$787
per month
Property Location

318 24th Place, Chicago, IL 60616 — Cook County

$648,800
318 24th Place
5 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
6 days on market
2-car garage
25 X 125
$9,443/yr taxes
$4,197
estimated monthly payment
Principal & Interest
$3,410/mo
Property Tax
$787/mo
$648,800
20% — $129,760
3%50%
6.875%
3%12%
Loan Amount
$519,040
Down Payment
$129,760

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Mango Realty Group
Agent: Man Ching Ng
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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