2516 W Lyndale Street, Chicago, IL 60647
Local realty services provided by:CENTURY 21 North East
2516 W Lyndale Street,Chicago, IL 60647
$1,045,000
- 8 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: george selas
Office: baird & warner
MLS#:12711586
Source:MLSNI
Price summary
- Price:$1,045,000
About this home
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. Two units features 3 bedrooms and 1 full bathroom & 1 unit 2 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. The rental potential for the three units and parking is approximately $8,500-9,000 per month. 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. Unit 2 currently rented for $3,500 per month & unit 3 for $3,100 per month....
Contact an agent
Home facts
- Year built:1900
- Listing ID #:12711586
- Updated:July 30, 2026 at 08:28 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:15
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1900
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,045,000
- Tax amount:$14,454 (2024)
Parking
- Total parking spaces:2
New listings near 2516 W Lyndale Street
- New
$154,918Active6 beds 4 bathsAddress Withheld By Seller, Chicago, IL 60617
MLS# 12651915Listed by: RE/MAX 10 - New
$365,000Active2 beds 1 baths1,248 sq. ft.4847 N Sayre Avenue, Chicago, IL 60656
MLS# 12690556Listed by: FOUR DAUGHTERS REAL ESTATE - New
$685,000Active3 beds 2 baths2,300 sq. ft.5811 N Christiana Avenue, Chicago, IL 60659
MLS# 12699144Listed by: KALE REALTY - New
$200,000Active1 beds 1 baths619 sq. ft.1560 N Sandburg Terrace #1905J, Chicago, IL 60610
MLS# 12703523Listed by: REDFIN CORPORATION - New
$409,900Active4 beds 3 baths2,330 sq. ft.2731 S Michigan Avenue, Chicago, IL 60616
MLS# 12706826Listed by: RE/MAX SUBURBAN - Open Sat, 10am to 12pmNew
$275,000Active1 beds 1 baths800 sq. ft.1714 W Leland Avenue #1B, Chicago, IL 60640
MLS# 12710073Listed by: KELLER WILLIAMS ONECHICAGO - New
$425,000Active4 beds 3 baths1810 N Linder Avenue, Chicago, IL 60639
MLS# 12712074Listed by: COLDWELL BANKER REALTY - Open Fri, 2 to 4pmNew
$525,000Active3 beds 2 baths1,800 sq. ft.704 W Buena Avenue #1E, Chicago, IL 60613
MLS# 12713555Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$160,000Active2 beds 1 baths843 sq. ft.9737 S Emerald Avenue, Chicago, IL 60628
MLS# 12715649Listed by: B & B REALTY INC - New
$149,900Active1 beds 1 baths1451 E 55th Street #723N, Chicago, IL 60637
MLS# 12716070Listed by: INFINITI PROPERTIES, INC.