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Dream Town Realty

312.265.8000

Contingent

MLS #11401054

3564 W Lyndale Street , Chicago IL, 60647
Logan Square Two to Four Units

Bed: 11 | Bath: 4.3 | Tax: 2675.01 | HOA: -

For Sale: $670,000

-87.7161478,41.9221122

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    **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!


    Features and Information

    Property Information

    • List Price: $670,000
    • Tax: $2,675
    • Square Feet: -
    • Market Time: 269
    • Status: Contingent
    • Type: Two to Four Units
    • Built: 1930
    • Garage Spaces: Garage Door Opener(s)
    • Dimensions: 25X125.6

    Property Location

    • Address: 3564 W Lyndale Street
    • Unit: -
    • Unit Floor Level: -
    • City/State: Chicago
    • ZIP: 60647
    • MLS Area: CHI - Logan Square
    • County: Cook
    • PIN #: 13352090200000

    Features

    • Heat: Gas
    • Air Conditioning: -
    • Appliances: -
    • Amenities: Curbs/Gutters,Gated Entry,Sidewalks,Street Lights,Street Paved
    • Parking: Garage
    • Age: 91-100 Years
    • Exterior: Brick
    • Assessments Include: -

    Rooms

    • Total Rooms: 22
    • Bedrooms: 11
    • Master Bedroom: -
    • Bathrooms: 4.3
    • Master Bath: -

    Based on information submitted to the MLS GRID as of 2/3/2023 4:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

    Map of 3564 W Lyndale Street , Chicago IL, 60647
    Learn More About Logan Square

    Listed by: Karla Mina - MPower Residential Brokerage LLC
    Source: MRED as distributed by MLS GRID

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