2516 W Lyndale Street,Chicago, IL 60647
Chicago, IL 60647
Description
Exceptional investment opportunity in the heart of Logan Square! Situated on charming tree-lined Lyndale Street, this legal three-unit building offers the perfect blend of classic Chicago character and modern functionality in one of the city's most sought-after and rapidly growing neighborhoods. Just a short walk to Logan Boulevard, the Blue Line, parks, and a vibrant mix of restaurants, cafes, and nightlife. Two units features 3 bedrooms and 1 full bathroom & 1 unit 2 bedrooms and 1 full bathroom making the property ideal for both investors and owner-occupants. Updated kitchens and bathrooms complement the building's original charm, while three separate HVAC systems (gas forced heat and central air) provide comfort and efficiency for every unit. The first-floor apartment has been successfully operated as a longer-term Airbnb-style rental catering to working professionals. All indoor and outdoor furnishings shown are included, allowing a buyer to seamlessly continue this proven income model. The remaining units are unfurnished and well-suited for traditional long-term tenants, offering flexible rental strategies and strong income potential. Additional highlights include expansive rear decks, common area laundry in the lower level, and two exterior storage units located beneath the rear stairwells. The rear yard features a full concrete pad, pitched and engineered to support the future addition of an upper garage structure, along with an existing gated parking area accommodating two cars. The rental potential for the three units and parking is approximately $8,500-9,000 per month. Meticulously maintained and thoughtfully improved, this property delivers outstanding comfort, functionality, and long-term value - a rare turnkey multi-unit opportunity in one of Chicago's hottest neighborhoods. Unit 2 currently rented for $3,500 per month & unit 3 for $3,100 per month.
Details
| MLS # | 12711586 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1900 |
| Days On Site | 47 |
| Listing Provided By | Baird & Warner | George Selas |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 3 |
| Zoning | MULTI |
Interior
| Rooms Total | 15 |
|---|---|
| Heating | Natural Gas, Forced Air |
Exterior
| Construction Materials | Vinyl Siding, Frame |
|---|
Parking
| Parking Features | Yes, Owned |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 14454 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60647 |
| Area | CHI Logan Square |
| Listing VS Median (in 60647) | |
Price: $1,045,000 low | high Med: $117,500 On site: 47 low | high Med: 167 | |
Market Activity 60647
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60647 |
| Area | CHI Logan Square |
| Listing VS Median (in 60647) | |
Price: $1,045,000 low | high Med: $117,500 On site: 47 low | high Med: 167 | |
