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.
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For more information about 2638 W Lyndale, Chicago, IL 60647 contact Corcoran Urban Real Estate.
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Listing provided by Prestige Realty, Inc
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