Address
3110 W Lyndale Street Chicago, IL
Price
$ 1,209,000
Property Attributes
  • MLS#11008043
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Logan Square
  • NeighborhoodPalmer Square
  • Zip60647
  • Style
  • Year Built1887
  • Taxes$ 12670
  • Price$ 1,209,000
  • Bedrooms10
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size2,614 SqFt
Listing Provided Courtesy Of:
Keller Williams ONEChicago
Data Source:
Midwest Real Estate Data LLC
Property Description

We are pleased to present 3110 W Lyndale. Originally built in 1887, this building has an excellent unit mix consisting of two 2-bed apartments and two 3-bed apartments. The asset is currently 100% occupied, and the average rent is $1911. The asset has benefited from many recent capital improvements. Infrastructure improvements include updated electrical service, individual HVAC, plumbing, roof and windows. Unit amenities include updated kitchens, baths, stainless steel appliance package including dishwasher, in-unit washers, dryers, white quartz counters, white shaker cabinets, newer flooring and rear decks. The (2) two story second floor units are approximately, 1,200 square feet and rented for $2,185 and $2,110 respectively. The first floor apartments are approximately 800 square feet and rented for $1,689 and $1,660 respectively. A new investor could continue this already proven concept and add value by duplexing the first floor units down and increase rents by an estimated $525 per unit to $2,185. Thereby increasing the net operating income by $12,600. Moreover, there may be an opportunity to force appreciation through the addition of garden apartments as the property is located in the City of Chicago's newly designated Accessory Dwelling Unit (ADU) pilot zone. In Logan Square, 3110 W Lyndale is walking distance to restaurants, shopping, nightlife, public transportation and Palmer Square Park. With a location just a short drive to the Kennedy Expressway, makes this a community ideal for commuters not just for the city, but the greater Chicagoland area. The palmer Square location in Logan Square doesn't get much better than this: A 5 -minute walk will get you to The Square/Logan Square Park and Blue Line stop. Lyndale Avenue is a very quiet residential one - way street with ample parking, providing easy access to all the dining and retail of Milwaukee Avenue. This is a rapidly appreciating neighborhood. This opportunity gives an investor the opportunity to acquire a well located asset, achieving risk adjusted returns from day one and add value, thereby increasing cashflow and forcing appreciation.

Price History
3/16/2021 Listed $1,250,000
4/20/2021 4% - $1,209,000

General Features

Basement Full, Walkout
Elementary School District 299
Heating Natural Gas, Electric
High School District 299
Middle/Junior School District 299
New Construction No
Ownership Fee Simple
Parking Features None
Property Type Residential Income
Property Type Two to Four Units
Sewer Public Sewer
Standard Status Active
Tax Annual Amount 12670
Total Rooms 15
Township West Chicago
Water Sewer Expense 1280
Zoning MULTI

Interior Features

Basement Partially Finished
Bedroomspossible 10
Full Baths 4
Full Baths Building 4
Full Baths Unit 1 1
Full Baths Unit 2 1
Full Baths Unit 3 1
Full Baths Unit 4 1
Total Baths 4
Total Bedrooms 10

Exterior Features

Exterior Vinyl Siding
Lot Dimensions 25X107
Lot Size Acres 0.06
Total Parking 3
Water Source Lake Michigan
Waterfront Y/N No

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60647

Price
AVG $760K
$1.21M
Taxes
AVG $9,122
$12,670
Visits
AVG 62
120
Year Built
AVG 1904
1887
Walkscore
AVG 92
88
Data Provided by Walkscore ® not using MLS data

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