Six-Unit Multifamily Investment
2702 W 24th St, Chicago, IL 60608
Six-unit property in Little Village with value-add potential.
Type:Multifamily
Property size:
6,200 SFPrice / SF:
$96/SF- Added:
- Nov 21, 2025
- Days on Market:
- 183
- 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
Listing agent Thomas Sons License #274506964
Listing office Keller Williams Island Life RE (941) 889-9509
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 Keller Williams Island Life RE
HighLights
- 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.
- Walking distance to the California Pink Line station.
- Renovated in 2017 with updated kitchens, modern bathrooms, hardwood floors, and central heat.
- Rear coach house with completely updated units.
Overview
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
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6932
- Latitude
- 41.8486
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.
