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2702 W 24th St Chicago, IL 60608

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For Sale
$599,000

Six-unit property in Little Village with value-add potential.

Type:Multifamily
Property size:
6,200 SF
Added:
Nov 21, 2025
Days on Market:
135
Last Refresh:
Dec 28 at 8:46 pm

Property Features for 2702 W 24th St

General Information

Standard status
Active
Size
6,200 SF
Property subtype
Multifamily

Building Details

Year Built
1908

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Listing Contact
Thomas Sons

Listing agent Thomas Sons License #IL 475130924

Listing office SVN | Chicago - Corporate

Listing date Nov 21, 2025

Source Svnchicago

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 - Corporate


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

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6932
Latitude
41.8486

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.
More about this property
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