2702 W 24Th St Chicago, IL 60608
Property Features for 2702 W 24Th St
General Information
- Size
- 6,200 SF
Building Details
- Year built
- 1908
Source:
Svnchicago
Listing Agency: SPERRY VAN NESS Listing Agent: Angelo Labriola
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Six-Unit Multifamily Investment Property
This six-unit multifamily property presents an investment opportunity with potential for strong cash flow and growth. The front building contains four units, including two full-floor residences with four bedrooms and one bathroom, and three bedrooms and one bathroom respectively, along with a two-bedroom, one-bathroom unit and a one-bedroom, one-bathroom unit on the second floor. The rear coach house features two expansive three-bedroom, one-bathroom full-floor units, and a large attic for additional storage. Renovated in 2017, the property includes updated kitchens, modern bathrooms, hardwood floors, and central heat. On-site laundry is available. The property is currently delivering returns with upside potential due to below-market rents. Strategic updates could potentially achieve a 12%+ cap rate. The coach house has been recently updated with new tuck-pointing, a new sidewalk from the alley, new floor joists, subfloor and flooring, bathroom fixtures, refinished cabinets, and fresh paint. Located in Chicago's Little Village neighborhood, the property is near the 26th Street corridor, known for Mexican eateries, bakeries, and shops. The California Pink Line station is within walking distance, providing access to downtown Chicago and the Loop. Major expressways I-55 and I-290 are easily accessible. The property is near the Illinois Medical District and Rush University Medical Center. Marshall Boulevard offers walking paths.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6931702
- Latitude
- 41.8485635
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit property in Little Village with value-add potential.
Where is this apartment building located?
The property is located at 2702 W 24Th St Chicago, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: - Strong cash flow with significant upside potential due to below-market rents.; - Turnkey multifamily asset with a mix of 1, 2, 3, and 4-bedroom units.; - Prime location in Chicago's Little Village, close to the 26th Street commercial hub.
