318 West 24th Place

Chicago IL 60616

Multi-Family

Last sold for $458,000

Man Ching Ng, last sold this property on 21 May 2026 after 161 days on market.

Overview

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

5 bedrooms

2 bathrooms

2 carspaces

2 garage spaces

Multi-Family

Estimated Value

Based on this property and similar 5 bedroom multi families sold in Chicago over the last 12 months, the estimated median property value of 318 West 24th Place is $480k.

Median value

$480k

Estimated value range

$382k - $739.8k

Median days on market

Estimated value trend

44%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 318 West 24th Place

2026

Sold

$458,000

21 May 2026 by Man Ching Ng, of MANGO REALTY GROUP

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.