1. Illinois
2. Chicago
3. 2702 W 24th Street

2702 W 24th Street, Chicago, IL 60608

• 6,200 sqft

Property Description

Discover an exceptional investment opportunity with this large 6-unit multifamily property, perfectly positioned for strong cash flow and growth. The front building features four spacious units, including two full-floor residences-a 4 bed/1 bath and a 3 bed/1 bath-alongside a 2 bed/1 bath and a 1 bed/1 bath unit on the second floor. A rear coach house adds two expansive 3 bed/1 bath full-floor units, complemented by a large attic for additional storage. Renovated in 2017, the property boasts updated kitchens, modern bathrooms, gleaming hardwood floors, central heat, and on-site laundry, ensuring tenant satisfaction and low maintenance. This property is a proven income generator, currently delivering excellent returns with significant upside potential. Rents are well below market rates, offering immediate opportunities to boost revenue with minimal effort. With a few strategic updates, this gem can easily achieve a 10+ cap rate, making it an ideal addition to any investor's portfolio. Don't miss your chance to own a turnkey multifamily asset with strong fundamentals and room for growth in a high-demand rental market.

Listing Status:

Active

Listing Office:

Sperry Van Ness : 312-676-1870

Listing Agent:

Angelo Labriola : 708-307-7529

MLS ID:

12408436

Interior

• Basement: Unfinished
• A/C: None

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Angelo Labriola, Sperry Van Ness