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About This Home

This 9-bedroom, 3-bathroom residential multi family at 2516 W Lyndale Street in Chicago, IL is listed for $1,200,000. Built in 1900, on a N/A lot.

Agent Description

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.

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.

Key Features

  • Built in 1900
  • 2 parking spaces

Property Details

3 full
2 spaces
1900

Monthly Cost Estimate

$6,418/mo

20% down · 6.5% · 30 years

Principal$868
Interest$5,200
Insurance$350

Estimates only. Actual payments may vary.

Location

2516 W Lyndale Street

Chicago, IL 60647

Property Details

Construction

Vinyl Siding Frame

Parking

Owned

Heating

Natural GasForced Air

Questions & Answers

This 9-bedroom, 3-bathroom residential multi family at 2516 W Lyndale Street is listed at $1,200,000. The estimated monthly payment is $5,200 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 2 parking spaces.

This property is listed by George Selas and can be reached at (312) 265-8000 or george.selas@bairdwarner.com.

GS

George Selas

Agent at Baird & Warner

(312) 265-8000

Listed by Baird & Warner · View on Broker Site

MLS# 12559315· Source: listhub· Updated 66 days ago

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2516 W Lyndale Street, Chicago, IL 60647

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