2702 W 24th St - Apartments FOR SALE


Chicago, IL 60608- Little Village
$575,000 USD
630-640-1001
2702 W 24th St, Chicago, IL for Sale
$575,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

2702 W 24th St
Chicago, IL 60608
Little Village


HIGHLIGHTS

  • Excellent Investment Returns
  • True Value-add Opportunity
  • Below Market Rents & a Great Mix of 1,2,3 & 4 Bedroom Units
  • Walking Distance to CTA Pink LIne
  • Easy Access to I-55
  • Tenants Currently Paying for Common Utilities

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

6

PRICE/UNIT

$95,833

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,040 SF

ZONING

RT-4

APN/PARCEL ID

16-25-210-042-0000

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.