Brick 12-Unit Multifamily
For Sale
Contact for pricing
2344 W 24th Place, Chicago, IL 60608
Brick 12-unit property with two six-unit buildings, multiple recent upgrades, renovated units, and a new laundry room.
Property SizeContact for details
Days on Market134
Property Features for 2344 W 24th Place
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
12
Amenities
laundry room
storage area
green space
Building Details
Construction
brick
Tenancy
Multi
Listing Agency:
SVN | Chicago Commercial
(312) 676-1878
Listed By:
Angelo Labriola · License #IL 475130926
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 8:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
This brick 12-unit multifamily building is arranged as two separate six-unit buildings. The property has seen recent improvements including a new roof, electrical work, porch updates, some tuck-pointing, and five renovated or updated units. Unit mix includes one-, two-, and three-bedroom floor plans, with green space located between the two buildings. A new laundry room and additional storage area are also part of the property.
The building sits on two lots, with adjacent two lots that may be purchased separately for future development. Located in Chicago’s Heart of Chicago/Pilsen neighborhood, it is described as being within walking distance of area retailers and transit, with the Western Avenue Pink Line Station approximately a 10-minute walk and a Metra station approximately a 15-minute walk. The remarks also note proximity to several Italian restaurants and nearby employment or activity centers within a mile or two.
With rents currently below market, the property offers room for income optimization through continued unit updates.
The building sits on two lots, with adjacent two lots that may be purchased separately for future development. Located in Chicago’s Heart of Chicago/Pilsen neighborhood, it is described as being within walking distance of area retailers and transit, with the Western Avenue Pink Line Station approximately a 10-minute walk and a Metra station approximately a 15-minute walk. The remarks also note proximity to several Italian restaurants and nearby employment or activity centers within a mile or two.
With rents currently below market, the property offers room for income optimization through continued unit updates.
Key Highlights
- Rarely available brick 12‑unit multifamily property with two 6‑unit buildings in Chicago’s Heart of Chicago/Pilsen neighborhood
- Many recent upgrades including a new roof, electric work, porches, some tuck‑pointing, and 5 renovated/updated units
- Favorable unit mix: one-, two-, and three‑bedroom units across the 12 units
Property Analytics
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,466
Businesses Nearby
Explore this area
Business Placement
Demographics for 60608, IL
75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick 12-unit property with two six-unit buildings, multiple recent upgrades, renovated units, and a new laundry room.
Where is this apartment building located?
The property is located at 2344 W 24th Place Chicago, IL.
What are key features of this property?
This property features: Rarely available brick 12‑unit multifamily property with two 6‑unit buildings in Chicago’s Heart of Chicago/Pilsen neighborhood; Many recent upgrades including a new roof, electric work, porches, some tuck‑pointing, and 5 renovated/updated units; Favorable unit mix: one-, two-, and three‑bedroom units across the 12 units
