2714 West 24th Place

Chicago, IL 60608

$550,000
Price
9
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Introducing a promising 5-unit building with a variety of living configurations. The property comprises the following: 1F - 1-bedroom unit, 1R - 2-bedroom unit, 2F - 1-bedroom unit, 2R 2-bedroom, and 3 - a spacious 3-bedroom unit with central AC on the third floor. Residents benefit from convenient coin-operated laundry facilities located in the basement. There is also 3 additional storage spaces in the basement that tenants can rent out, and space for at least 4 cars to park in the rear of the property....Introducing a promising 5-unit building with a variety of living configurations. The property comprises the following: 1F - 1-bedroom unit, 1R - 2-bedroom unit, 2F - 1-bedroom unit, 2R 2-bedroom, and 3 - a spacious 3-bedroom unit with central AC on the third floor. Residents benefit from convenient coin-operated laundry facilities located in the basement. There is also 3 additional storage spaces in the basement that tenants can rent out, and space for at least 4 cars to park in the rear of the property. With separate gas and electric utility meters for each unit and low property taxes, this investment offers financial stability and ease of management. All units are currently occupied by carefully screened, reliable tenants, ensuring a consistent income stream for investors. This is an excellent opportunity for investors seeking a solid return on investment. Schedule a viewing today to explore the potential of this property!
  1. Listed by Alexander Haried • @properties Christie's International Real Estate

Property Details for 2714 West 24th Place

Area
CHI - South Lawndale
Township
West Chicago
Num of Interior Fireplaces
0
Zoning
MULTI

Location

Listing Courtesy of @properties Christie's International Real Estate
Add your commute
LISTING UPDATED: 05/20/2024 12:07 AM

Property Details for 2714 West 24th Place

StatusActive
MLS #12048561
Days on Market27
Taxes$6,787 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1902
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Listing Courtesy of @properties Christie's International Real Estate
Add your commute

Building Information for 2714 West 24th Place

Stories-Residences5Year Built1902Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$3,567 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$566

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2714 West 24th Place

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
  • Open Parking Spaces: 4.0
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
  • Postal Code Plus 4: 0
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Electric: Circuit Breakers, Separate Meters
  • # Of Washers: 1
  • Basement Description: Partially Finished
  • Heat/Ventilation: Gas,Separate Per Unit
  • # Of Window/Ac: 0
  • # Of Refrigerators: 5
  • Washer/Dryer Lsd: Yes
  • # Of Dryers: 1
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 5.0
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 25X125
  • Lot Size Square Feet: 0.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Roof Type: Composition
  • Roof Structure: Pitched
  • Foundation Details: Brick/Mortar
  • # Of Ranges: 5
  • Conversion: N
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 4
  • Document Date: 2024-05-14T21:01:56
  • Photos Count: 45
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $550.00
  • Fuel Expense: $929.00
  • Gross Income: $59,100.00
  • Gross Scheduled Income: $60,300.00
  • Insurance Expense: $3,593.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 600
  • Net Operating Income Year: 2023
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 4950
  • Water Expense Source: Actual
  • Net Operating Income: $49,166.00
  • Operating Expense: $11,134.00
  • Other Expense: $714.00
  • Trash Expense: $2,172.00
  • Water Sewer Expense: $3,271.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2714 West 24th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2714 West 24th Place

Taxable ValueLand$3,496Additions$29,503Total$32,999
Tax Record2022$6,787 ($566 / month)
Home Facts
Baths5Total Finished SqFt3,515 SqFtAbove Grade Finished SqFt3,515 SqFtStories2Lot Size2,976 SqFtStyleMulti-Family Res (5+ Units)Year Built1891CountyCOOKAPN16-25-212-020

Schools near 2714 West 24th Place

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - PK to 8
Rating
School
Distance
Finkl Elementary School
PublicPK to 8

Farragut Career Academy High School
Public9 to 12

Acero Chtr - Octavio Paz Campus
CharterK to 8

Saucedo Elementary Scholastic Academy
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2714 West 24th Place is a multi-family home for sale in Chicago, IL 60608. This property was listed for sale on May 14, 2024 by @properties Christie's International Real Estate, it's currently listed at $550,000. It has been on the market for a total of 27 days and was last sold on November 8, 2017. This listing's school district is City Of Chicago School District 299. Nearby schools include Finkl Elementary School, Farragut Career Academy High School and Acero Chtr - Octavio Paz Campus. 2714 West 24th Place is a 9-bed, 5-bath, multi-family home built in 1902.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties Christie's International Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 05/20/2024 12:07 AM. 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.