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$599,900   Price Analysis
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2702 W 24th St
Chicago, IL 60608
Unknown bed 6 bath unknown SqFt ($0/SqFt)
3,049SqFt lot. Built 1908
Listed 2024-02-08, Taxes $5,387
Ⓧ USDA Ineligible
due to location

near Chicago

Very well maintain ed 6 unit property offers and Incredible Investment opportunity.

Property consists of a Brick 4 unit with full basement on the front of the lot and a Brick 2 unit on the rear of the lot. All units have individual gas and electric meters and pay their own utilities! Front building consists of a 3 Bedroom on the 1st floor. a 2 bedroom (2nd rear) and a 1 bedroom (2nd front) plus a 4 bedroom 3rd floor. All units have GFA furnaces. Many upgrades including Kitchens/Baths/Flooring. Coin-op washer and Dryer in basement Laundry Room is used by all 6 units. Rear building consists of 2 units both 3 bedrooms with hardwood flooring on 2nd floor an individual GFA furnaces. Rear property also has updated Kitchens and Baths. Also, a large walk up attic. Ceiling fans throughout all 6 units. All ppliances (2016 or newer) owned by Seller. 4 furnaces installed after 2016. Great location. walk to Pink Line!

Near Millennium Park, Chinatown, Lakefront, Museum Campus, UIC and so much more the city has to offer. Current gross rental income $70, 620. potential to add value as rents are currently under market. Notice required to show. fully occupied. Well managed building!


Presented by Bill Erdman at
Century 21 Affiliated.
Listing Agent Photo

Property MLS #11977229 from MRED

Full Bathrooms: 6

Basement Description: Unfinished

Lot Size Acres: 0.07
Lot Size Dimensions: 25 X 125
Lot Size Square Feet: 3049

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 6
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 3
Bedrooms in Unit-5: 4
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Full Bathrooms in Unit-5: 1
Full Bathrooms in Unit-6: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 2
Total Rooms in Unit-4: 6
Total Rooms in Unit-5: 6

Tenant Pays: Electricity, Heat

Annual Tax Amount: 10255.00
Source Listing Status: Active
County: Cook
Directions: SOUTH OF CERMAK ONE BLOCK EAST OF CALIFORNIA
Tax Year: 2021
Source Property Type: Multi-Family
Parcel Number: 16252100420000
Township: West Chicago
Zoning: MULTI
Property Subtype: Multi Family 5+
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2020$20,541 + $3,642
$24,183
$5,387
2019$24,478 + $3,642
$28,120
$5,649
2018$24,478 + $3,642
$28,120
$5,554
2017$29,718 + $3,255
$32,973
$7,098
2016$29,718 + $3,255
$32,973
$6,604
2015$29,718 + $3,255
$32,973
$6,042
2014$20,638 + $3,100
$23,738
$4,404
2013$20,638 + $3,100
$23,738
$4,317
2012$20,638 + $3,100
$23,738
$4,259
2011$19,159 + $4,340
$23,499
$3,807
2010$19,159 + $4,340
$23,499
$3,823
2009$19,159 + $4,340
$23,499
$3,664
2007$39,657 + $4,340
$43,997
$6,248
2006$39,657 + $4,340
$43,997
$6,316

Price Changed 2024-04-10
$599,900
MRED
Listed 2024-02-08
$625,000
MRED
Listing removed 2024-02-08
$674,900
MRED
Listing removed 2024-01-19
$674,900
MRED
Listing removed 2024-01-18
$0
MRED
Relisted 2024-01-16
$674,900
MRED
Listing removed 2024-01-13
$0
MRED
Relisted 2024-01-12
$674,900
MRED
Listing removed 2024-01-10
$0
MRED
Relisted 2024-01-09
$674,900
MRED
Listing removed 2024-01-07
$0
MRED
Relisted 2024-01-06
$674,900
MRED
Listing removed 2023-12-28
$0
MRED
Listed 2023-12-27
$674,900
MRED
Sold 2016-08-10
$308,000
MRED
Price Changed 2016-03-29
$329,000
MRED
Listed 2015-11-23
$375,000
MRED
Sold 2007-02-28
$235,000
Public Record
Sold 1998-02-23
$134,000
Public Record

Net Operating Income: 47411

Electric: Circuit Breakers

Year Built: 1908
Construction Materials: Brick
Foundation Details: Concrete Perimeter, Stone
Property Age: 116
Levels or Stories: 3

Finkl Elementary School is a public elementary and middle school located approximately 0.3 miles away.
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Farragut Career Academy High School is a public high school located approximately 0.8 miles away.
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Latino Youth High School is a private high school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.