Accepting Backups
318 24th Place
Chicago, IL 60616
$648,800
5beds
2baths
—sqft
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About this home
Seize this rare opportunity to own a multi-unit property in the thriving heart of Chinatown-one of Chicago's most dynamic and rapidly growing neighborhoods! This versatile building offers two main units plus a finished basement unit, all equipped with central heating and cooling for year-round comfort. Sun-filled interiors and a 2-car garage add even more value to this exceptional offering. The property is currently occupied by long-term tenants, with rents priced far below market-creating immediate upside for the savvy investor. Whether you choose to renovate, reposition, or simply bring rents to market levels, the cash-flow potential is tremendous. Location is everything, and this one has it all: just steps from CTA transportation, restaurants, shops, parks, and banks, with unbeatable access to major highways. Convenience and demand in this area continue to rise. Additional Highlight: this property sits directly beside a large vacant lot poised for major future development in Chinatown. Owning next to a significant development site positions you perfectly to benefit from appreciation and increased neighborhood visibility. Opportunities like this are truly rare. Don't miss your chance to secure a high-potential multi-unit property in one of Chicago's most desirable and evolving communities!
MLS Description — as provided by the listing brokerage.
The facts
Property typeResidential Income
Year built1890
Garage spaces2
Lot size—
Annual tax$9,442.68
CountyCook
MLS #MRD12607967
Days on market18
Features
Heating
Natural Gas
Parking
YesGarage OwnedDetachedGarage
Construction
Vinyl SidingBrick
Sewer
Public Sewer
Listed by
Mango Realty Group
Man Ching Ng · 773-886-0660
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/18/2026, 11:49:02 PM. All data should be independently verified.
This home is under contract but the seller is accepting backup offers. Contact a dwello agent to submit.
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