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Four-Unit Apartment Building
For Sale
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Pending

3110 W Lyndale St, Chicago, IL 60647

Four-unit building with strong unit mix, 100% occupancy, and extensive recent infrastructure and interior upgrades.

Property SizeContact for details
Days on Market145

Property Features for 3110 W Lyndale St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: KW Commercial Chicago - Lincoln Park
Listed By: Tony Hardy · License #IL 475.139834
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Aug 31 at 9:47AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Chicago - Lincoln Park

Investment Insights

Based on property information with market context.

Originally built in 1887, this four-unit apartment building features an excellent unit mix of two 2-bedroom apartments and two 3-bedroom apartments. The property is currently 100% occupied, with an average rent of $1,911. Recent capital improvements include updated electrical service, individual HVAC, plumbing, roof and windows. Unit upgrades include updated kitchens and baths, a stainless steel appliance package with dishwasher, in-unit washers and dryers, white shaker cabinets, newer flooring, and rear decks.

The building includes (2) two-story second-floor units of approximately 1,200 square feet, currently rented for $2,185 and $2,110 respectively, as well as first-floor apartments of approximately $800 square feet rented for $1,689 and $1,660 respectively.

Recent improvements and layout also support a potential value-add concept described as duplexing the first-floor units down to increase rents, with an additional opportunity noted related to the City of Chicago’s newly designated Accessory Dwelling Unit (ADU) pilot zone.

Key Highlights

  • Four‑unit multifamily built in 1887 with an excellent mix of two 2‑bed and two 3‑bed apartments
  • Currently 100% occupied with average rent of $1,911
  • Recent infrastructure improvements include updated electrical service, individual HVAC, plumbing, roof, and windows

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Carpet & Flooring Store Nursing Home HVAC Service (Bike/Boat/Book/etc) Store Bed & Breakfast Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,633
Businesses Nearby

Demographics for 60647, IL

85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Four-unit building with strong unit mix, 100% occupancy, and extensive recent infrastructure and interior upgrades.
Where is this multifamily property located?
The property is located at 3110 W Lyndale St Chicago, IL.
What are key features of this property?
This property features: Four‑unit multifamily built in 1887 with an excellent mix of two 2‑bed and two 3‑bed apartments; Currently 100% occupied with average rent of $1,911; Recent infrastructure improvements include updated electrical service, individual HVAC, plumbing, roof, and windows
(312) 863-8990 Call to check price and availability
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