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Located at 2531 W Lyndale Street, Chicago, Illinois 60647, Logan Square neighborhood, this Apartamentos multi-familiares is for Venda with a price of $900,000 USD. The property includes 8 bedrooms,. See all Homes for Venda in Logan Square.
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50. 2531 W Lyndale Street
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Descrição

2531 W Lyndale Street,

Chicago, IL 60647

Stunning rehabbed legal 4-unit in the Heart of Logan Square/West Bucktown! This multi-unit building is currently operating as a rehabbed 3-unit with a legal, 4th unit that is currently an unfinished garden apartment. This very large building was recently beautifully rehabbed and features a very large, rear addition and huge rehabbed 1ST FLOOR UNIT SIMPLEX + 2 DUPLEXED UNITS ON THE 2ND & 3RD FLOORS (front & rear) + an unfinished (but legal) 4th garden apartment. - UNIT #1 - Covers the entire first floor of the building and is a 2-bed/2-bath featuring a recently rehabbed & stunning chef's kitchen w/ granite countertops, breakfast bar, 42-inch cabs, high-end appliances, and custom backsplash, Full dining room & spacious living room w/ large master suite in the rear, (two full updated bathrooms) and in-unit laundry, hardwood floors, can lighting, newer windows, perfect for a live-in owner! - Both upper units (#2F & 2R) are newly rehabbed, super-bright duplex-ups w/ new HVAC (GFA w/ Central A/C), in-unit laundry, new kitchens & baths, hardwood floors throughout and great open layouts UNIT #2F is a large 2-bedroom + den with 1 full bath. UNIT #2R is also a large 2-bedroom with 1.5 baths. Terrific income-producing property, currently generating $6,620 PER MONTH TOTAL and breakdown as follows; *UNIT #1 @ $2,190 per mo and on a month-to-month lease, *UNIT #2F @ 2,090 per month and lease expires 9/25 & *UNIT #2R was @ $2,340 (just vacated and this included both garage parking spots). The basement is currently unfinished, but it is a legal 4th garden unit and can be finished for $160K. ***EXCELLENT TOTAL ANNUAL INCOME of $79,440 minus - $16,336 in expenses (RE taxes, water & insurance) = $63,104 (NOI) TOTAL ANNUAL NET OPERATING INCOME for a Solid 7% CAP RATE.***Also, investing an additional $160K in finishing the legal 4th garden unit, brings the CAP rate up to 8.4%!! (We have the certificate of zoning from the city in hand showing 4 legal units). A+ location, quiet one-way street, close to all the great restaurants, coffee shopping, night-life, parks & excellent schools in the Logan Square/Bucktown area with excellent transportation options and a short walk to both the Western Blue Line or California stops, easy access to 90/94, close to The 606 bike path & more!!! ***Note***The 2 current tenants have indicated they will waive their right of 1st refusal under Chicago's N/W Side Preservation Ordinance, Tenant Opportunity to Purchase (606) Block Pilot Program).

This is an Active listing.

Broker Office Phone Number: 773-466-7150

Copyright © 2025Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Serviços

  • Steam Heat
Listing By: Compass via Data Source: Midwest Real Estate Data, LLC 
8
Quartos
$900,000
price
$11,264
Annual taxes
Apartamentos multi-familiares
Tipo de propriedade
Chicago Public 299
Distrito Escolar
Chicago Public 299
Distrito Escolar
chicago-public-school-district-299-chicago-il
Schools
Goethe Elementary School
Primário
Clemente Community Academy Senio
Fundamental
15656320
Id da web
12301305
ID do MLS
37
Days Posted

Histórico de preços

datepricevariancetype
6/18/2025$900,000-Listados
agente de listagem: Derek DiSera
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    new listing

    2531 W Lyndale Street
    Logan Square, Chicago, IL 60647

    $900,000
    8 bd