318 West 24th, Chicago IL 60616
$688,000

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Property Description

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!

Features & Information

Key Details

  • List Price $688,000
  • Property Taxes $9,442.68
  • Price/ Sq. Ft. Unavailable
  • Year Built 1890
  • Parking Type Garage
  • Status Active

Rooms

  • Total Rooms 19
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Vinyl Siding,Brick
  • Foundation Concrete
  • Heating & Cooling Gas
  • Units

  • Unit 1 Stove, Refrigerator
  • Unit 2 Stove, Refrigerator
  • Unit 3 Stove, Refrigerator

Location

  • County Cook
  • Township South Chicago
  • Corporate Limits Chicago
  • Directions to Property S Wentworth Ave To 24th Place
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 9442.68
  • Tax Year 2024
  • Parcel Identification Number 17282210250000

Utilities

  • Sewer Sewer-Publ

Listed by: Mango Realty Group | Phone: 773.886.0660
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 12/18/2025 1:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Chinatown

America's third-largest Chinatown neighborhood boasts a wealth of authentic restaurants, shops, and breathtaking architecture. This culturally-rich Chicago neighborhood has experienced an intriguing and diverse history, and is home to many Chinese-Americans, artists of all kinds, and folks who want the convenience and excitement of city living at their fingertips. Upon entering this distinctive Chicago neighborhood, the Chinatown Gateway invites everyone to explore the community. Wentworth Avenue (Chinatown's Main Street) is surrounded by colorful murals, detailed exterior walls and embellished façades that depict dragons, Chinese symbols and illustrations of early life in the New World. Of course, it doesn't need to be said, but if you have a hankering for some of the city's best egg rolls or wontons, this is your place. Teahouses are also quite popular and whip up the tastiest bubble tea concoctions in Chicago. Tucked in among the storefronts are classic emporiums, selling everything from jade jewelry and trinkets to Oriental fans and slippers. Clearly inspired by its strong heritage, Chinatown remains the Midwestern hub for Asian-American life.

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