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3564 W Lyndale Street

Chicago, IL 60647
  • $670,000
  • STATUS: Active Under Contract
  • ON SITE: 54 Days
  • MLS #: 11401054
Under Contract
UPDATED: 60 min ago
$670,000
  • 11
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Information

Elementary School:
Middle School:
School District:
299

Description

**Attention Investors! Check Out This Amazing Income Generating Opportunity: Legal 4 Unit in Thriving Logan Square! ** See Zoning Cert Under Additional Info. Oversized Four Unit Yellow Brick Building with Three Spacious 3Bedroom/1.5Bathroom Units and One 2Bedroom/1Bathroom Garden Level Unit that was Refurbished a Few Years Ago. See 3D Matterport Tour. All Other Units Could Use Some TLC. All the Hardwood Floors Throughout Could Be Sanded and Stained (There is no Carpeting in the Building). All Kitchens and Bathrooms Need to be Updated and All the Units Could Use a New Coat of Paint. Tuck Pointing and Windows are in ok Condition. Update Bathrooms, Kitchens, Mechanicals and Add In-Unit Washer and Dryer to Increase Rental Income. There are no Existing Leases in Place but the 3Bedroom/1.5Bathroom "As-Is" Condition Rentals in the Area are Yielding $1,485/month, See MLS Comp: 3564 W. Dickens (11249042) and the 2Bedroom/1Bathroom Units Rent for $1,100, See MLS Comp: 2435 N Ridgeway (11105990). Check Out the 3Bedroom/1.5Bathroom After Repair Rental Value of 3530 W. Palmer (11188923) Which Rented for $2,100 and the 2Bedroom/1Bathroom ARV of 3645 W Shakespeare (10816181) which Rented for $1,575. All Units Have Front and Rear Entrances. Each Unit Offers High Ceilings and Separate Living Room, Dining Room, and Kitchen. Flat Roof Brick 2 Car Garage. CONSERVATIVE ESTIMATED ARV VALUE: $1,060,000. See Comp: 2535 N Kimball (10877102). Total Projected Annual ARV Rental Income: $2,100x3x12=$75,600 plus $1,575x12=$18,900, totaling $94,500. A Projected 8.9% CAP Rate. START EARNING RESIDUAL INCOME TODAY!

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2022-07-05T14:03:25.803 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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3564 W Lyndale Street Chicago, IL 60647

  • Price: $670,000
  • Status: Active Under Contract
  • On Site: 54 Days
  • Updated: 60 min ago
  • MLS #: 11401054
11
Beds
0
Baths
0
½ Baths
N/A
Acres
1930
Built
Neighborhood:
Chi - Logan Square
County:
Cook
Area:
Chi - Logan Square
Elementary School:
Mozart Elementary School
Middle School:
Mozart Elementary School
High School:
Kelvyn Park High School
School District:
299
Property Description
**Attention Investors! Check Out This Amazing Income Generating Opportunity: Legal 4 Unit in Thriving Logan Square! ** See Zoning Cert Under Additional Info. Oversized Four Unit Yellow Brick Building with Three Spacious 3Bedroom/1.5Bathroom Units and One 2Bedroom/1Bathroom Garden Level Unit that was Refurbished a Few Years Ago. See 3D Matterport Tour. All Other Units Could Use Some TLC. All the Hardwood Floors Throughout Could Be Sanded and Stained (There is no Carpeting in the Building). All Kitchens and Bathrooms Need to be Updated and All the Units Could Use a New Coat of Paint. Tuck Pointing and Windows are in ok Condition. Update Bathrooms, Kitchens, Mechanicals and Add In-Unit Washer and Dryer to Increase Rental Income. There are no Existing Leases in Place but the 3Bedroom/1.5Bathroom "As-Is" Condition Rentals in the Area are Yielding $1,485/month, See MLS Comp: 3564 W. Dickens (11249042) and the 2Bedroom/1Bathroom Units Rent for $1,100, See MLS Comp: 2435 N Ridgeway (11105990). Check Out the 3Bedroom/1.5Bathroom After Repair Rental Value of 3530 W. Palmer (11188923) Which Rented for $2,100 and the 2Bedroom/1Bathroom ARV of 3645 W Shakespeare (10816181) which Rented for $1,575. All Units Have Front and Rear Entrances. Each Unit Offers High Ceilings and Separate Living Room, Dining Room, and Kitchen. Flat Roof Brick 2 Car Garage. CONSERVATIVE ESTIMATED ARV VALUE: $1,060,000. See Comp: 2535 N Kimball (10877102). Total Projected Annual ARV Rental Income: $2,100x3x12=$75,600 plus $1,575x12=$18,900, totaling $94,500. A Projected 8.9% CAP Rate. START EARNING RESIDUAL INCOME TODAY!
Exterior Features

Exterior Building Type Brick Exterior Features PorchStorms/Screens Foundation Details Concrete Perimeter Garage Details Garage Door Opener(S) Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Is Parking Included In Price Yes Lot Features Fenced YardSidewalksStreetlights Lot Size Less Than .25 Acre Multi Family Type 4 Flat4 Story Unit/S Parking Details Garage Roof Flat Waterfront YN No

Interior Features

Basement FinishedExterior AccessSleeping Area Basement Details FullEnglish Bedrooms Below Grade 0 Bedrooms Total 11 Full Baths In Building 4 Half Baths In Building 3 Heating Natural Gas Rooms Total 22

Property Features

Additional Parcels YN No Age 91-100 Years Built Before1978 YN Yes Community Features CurbsGatedSidewalksStreet LightsStreet Paved Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Corporate Limits Unincorporated General Information None Gross Income 0 Mls Actual Status Contingent Net Operating Income 0 New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions Court Approval Required Tax Annual Amount 2675.01 Tax Year 2020 Total Numberof Unitsin Building 4 Total Rental Income 0 Township North Chicago Type Two To Four Units Water Source Public Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Mpower Residential Brokerage Llc.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2022-07-05T14:03:25.803 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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