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!
New
$688,000
318 W 24th Pl, Chicago, IL 60616
7beds
--sqft
Est.:
Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Sun-filled interiors
- 4 days |
- 322 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: December 10, 2025 at 08:33pm
Listing courtesy of:
ManChing Ng 773-886-0660,
Mango Realty Group
Source: MRED as distributed by MLS GRID,MLS#: 12531212
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 2
- Parking features: Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 3,125 Square Feet
- Dimensions: 25 X 125
Details
- Parcel number: 17282210250000
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Sidewalks, Street Lights
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $492,720
- Annual tax amount: $9,442
- Date on market: 12/11/2025
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2025 | Listed for sale | $688,000+127.1% |
Source: | ||
| 1/23/2017 | Sold | $303,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $10,396 +2.6% | $49,272 |
| 2022 | $10,134 -13.1% | $49,272 -15% |
| 2021 | $11,663 +55.9% | $58,000 +72.7% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,654/mo
Principal & interest
$3335
Property taxes
$1078
Home insurance
$241
Climate risks
Neighborhood: Chinatown
Nearby schools
GreatSchools rating
- 7/10Haines Elementary SchoolGrades: PK-8Distance: 0.1 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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