3564 W Lyndale Street,
3564 W Lyndale Street Chicago, Illinois 60647 United States

3564 W Lyndale Street
3564 W Lyndale Street Chicago, Illinois 60647 United States

$670,000USD
 
  • Rented on
  • 11
    Bedrooms
  • Exterior
  • New Listing

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3564 W Lyndale Street

About 3564 W Lyndale Street, Chicago, Illinois

**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!

Listing Courtesy of MPower Residential Brokerage LLC

Marketed By

Property ID:11303934

MLS ID:11303934

Listing Courtesy of MPower Residential Brokerage LLC

Amenities

  • Porch
  • Public Sewer Service
  • Public Water Supply

About : Logan Square

“The” Logan Square is a public green space at the junction of Milwaukee, Kedzie, and Logan Boulevard. The square boasts an impressive selection of restaurants and bars as well as music venues and coffee shops.

Read more about Logan Square