2638 W Lyndale Street
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.
- Wendy's 300 ft
- Dimo's Pizza 550 ft
- Navigator Taproom 600 ft
- Sushi Taku 650 ft
- Innjoy 650 ft
- Serai 700 ft
- California Foodmart 800 ft
- Exotic Snack Guys 950 ft
- South Loop Market 0.2 mi
- Shell 0.2 mi
- Supermercade Barrera 0.2 mi
- BP Shop 0.3 mi
- Haas Park 0.2 mi
- Senior Citizens Memorial Park 0.4 mi
- Holstein Park 0.5 mi
- Lucy Flower Park 0.5 mi
- Neighbors Garden Park 0.5 mi
- Erhler Park 0.7 mi
- Dunkin' 150 ft
- Dunkin' 900 ft
- Cafe Mustache 0.2 mi
- Cherubs 0.2 mi
- La Colombe Coffee Roasters 0.3 mi
- Bang Bang Pie Shop 0.3 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12645794