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2638 W Lyndale Street, Chicago, IL 60647

$820,000
  • 2638 W Lyndale Street, Chicago, IL 60647 Main Photo

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New to the Market Active
BEDS8 BATHS4 full MLS#12645794
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

Property Description

Prime Investment Opportunity in the Heart of Logan Square! Fully renovated multi-unit building located in one of Chicago's most desirable neighborhoods - Logan Square. Great schools! The property has undergone a complete interior renovation and is perfectly set up for both long-term rental income and Airbnb potential. Property Features: * 2 full residential floors plus fully remodeled garden level * New flooring installed throughout all 3 levels * Brand-new HVAC system installed on all floors * New A/C units installed * Two new furnaces installed for upper levels * New water heaters/boilers * All copper plumbing replaced * Entire sewer system replaced * New main water service installed * Updated electrical lighting throughout the building * All bathrooms fully renovated with new fixtures and finishes * All entry doors replaced * Parking space located behind the building New Kitchens on Every Floor Include: * Brand-new kitchen cabinets * Granite countertops installed in every kitchen * New refrigerators * New gas stoves * New dishwashers * Fully updated kitchen appliances throughout Laundry: * Brand-new shared laundry area with coin-operated washer & dryer Garden Level: * Fully converted into 2 separate 1-bedroom units * Designed and prepared for Airbnb operation * Separate living areas/zones created * Dual zoning system installed for efficient climate control Second & Third Floors: * Fully renovated 3-bedroom apartments * Currently tenant occupied * Stable long-term tenants with annual leases through approximately summer * Excellent payment history * Current rental income from 2nd & 3rd floors: approximately $3,700/month Additional Income Potential: * Estimated Airbnb income from two garden units $55,000/yr Separate electric and gas meters for each floor/unit Turn-key investment opportunity with major mechanical systems already updated. Excellent option for investors seeking strong cash flow in one of Chicago's fastest-growing neighborhoods. Located near restaurants, nightlife, Blue Line access, and downtown Chicago. Property is sold as is. All furniture stays.

2638 W Lyndale Street | MLS# 12645794

This multi-family property located at 2638 W Lyndale Street, Chicago, IL 60647 is currently listed for sale with an asking price of $820,000. W Lyndale Street is located within the District 299 school district. Search Chicago real estate on www.bhhscrosby.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Finished, Sleeping Area, Walk-Up Access, Daylight, Full, Walk-Out Access
Basement: Yes
Heating: Natural Gas
Lot Size: 0.25 Acres
Taxes: $4,331

Feature Descriptions

Exterior: Vinyl Siding
Lot Dimensions: 25x59
Parcel#: 13362110190000
Parking: Off Site
Sewer: Public Sewer
Total Rooms: 12
Township: West Chicago
Water: Public

Local Schools

School District: District 299

Listed By / Shown By

Listed By

Agency Name: Prestige Realty, Inc
Agency Phone: 847-465-1010

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Estimated Payment

$ 2,425.05 per month $1,824.96 Principal & Interest $360.92 Property Tax $239.17 Homeowner's Insurance

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