2714 W 24th Place
Chicago, IL 60608

Status: Sold
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $550,000
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About this home

Introducing a promising 4-unit building with a variety of living configurations. The property comprises the following: 1F - 1-bedroom unit, 1R - 2-bedroom unit, 2F - 1-bedroom unit, 2R 2-bedroom. Residents benefit from convenient coin-operated laundry facilities located in the basement. There is also 3 additional storage spaces in the basement that tenants can rent out, and space for at least 4 cars to park in the rear of the property. With separate gas and electric utility meters for each unit and low property taxes, this investment offers financial stability and ease of management. All units are currently occupied by carefully screened, reliable tenants, ensuring a consistent income stream for investors. This is an excellent opportunity for investors seeking a solid return on investment. Schedule a viewing today to explore the potential of this property!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1891
Parking Total 4
Exterior Building Type Brick
Parking Features Off Alley
Garage On-Site Yes
Parking Space/s
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - South Lawndale
Corporate Limits Chicago
Directions CERMAK TO WASHTENAW, SOUTH TO 24TH PLACE, WEST TO ADDRESS
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air, Indv Controls
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Unfinished
Basement Full ,Walkout
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 5
Full Baths in Building Count 5
Total Rooms 19
Units
unit 1
Beds Total 1
Baths Total 1
Actual Rent 800
Appliances And Features Stove, Refrigerator, Hardwood Floors, Walk-In Closet
Full Baths Total 1
Lease Expiration Date 7/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1000
Appliances And Features Stove, Refrigerator, Hardwood Floors, Walk-In Closet
Full Baths Total 1
Lease Expiration Date 8/24
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 3
Beds Total 2
Baths Total 1
Actual Rent 775
Appliances And Features Stove, Refrigerator, Hardwood Floors, Walk-In Closet
Full Baths Total 1
Lease Expiration Date 8/31
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 4
Beds Total 2
Baths Total 1
Actual Rent 1100
Appliances And Features Stove, Refrigerator, Hardwood Floors, Walk-In Closet
Full Baths Total 1
Lease Expiration Date 8/31
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Lot Dimensions 25 X 125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Style of House Contemporary
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Financing Conventional
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16252120200000
Special Assessments N
Taxes $6,787
Tax Year 2022
$550,000 Listing Price:
MLS # 12111328
Investment Profile Residential Income
Listing Market Time 21 days
Basement Full ,Walkout
Type Unit 4 Flat
Number of Units in Building 4
Parking Space/s
List Date 07/15/2024
Year Built 1891
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