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$458,000
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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!
Full Property Details
Full Property Details for 318 W 24th Pl
General
- Sold For: $458,000
- Taxes: $9,442 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12607967
- Added to Site: 93 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Additional Information
- Other Features: Commuter Bus
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Armour Square
- County: Cook
- Driving Directions: S Wentworth Ave to 24th Place
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Vinyl Siding, Brick
- Exterior Const.: Vinyl Siding, Brick
- Basement Desc.: Finished, Full
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Year Built: 1890
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1890
- Tax Amount: $9,442.68
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 17282210250000
Listed by Mango Realty Group
Sold by Century 21 Realty Associates
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Schools
Schools serving 318 W 24th Pl
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Haines Elementary School, Chicago, IL 247 West 23rd Place, Chicago, IL 60616 | PK-8 | 0.1 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 318 W 24th Pl
Date
Details
Price
Change
Source
5/21/2026
Sold
$458,000
-29.41%
MLS
4/01/2026
Listed
$648,800
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
318 W 24th Place, Chicago, IL 60616 (MLS# 12607967) is a Multi-Family property that was sold at $458,000 on May 21, 2026. Want to learn more about 318 W 24th Place? Do you have questions about finding other Multi-Family real estate for sale in Armour Square? You can browse all Armour Square real estate or contact a Coldwell Banker agent to request more information.

