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2516 W Lyndale Street Chicago, IL 60647

$1,075,000
Active / MLS# 12617507 / Multi Unit - Multiple / Chicago
8 Beds
3 Baths

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. Each spacious unit features 3 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 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.

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Baird & Warner Team Elite Realtors 630.286.9777 Email

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Estimated Payment

$ 3,906.93 per month $2,388.89 Principal & Interest $1,204.50 Property Tax $313.54 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: None
Heating: Natural Gas, Forced Air
Lot Size: 25 x 125
Taxes: $14,454
Year Built: 1900

Feature Descriptions

Exterior: Vinyl Siding, Frame
Lot Dimensions: 25 x 125
Parcel#: 13362120240000
Parking: Yes, Owned
Sewer: Public Sewer
Total Rooms: 15
Township: Jefferson
Water: Lake Michigan

Schools

School District: District 299

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

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