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Three-Unit Multifamily Investment

2516 W Lyndale Street Chicago, IL 60647

New
2516 W Lyndale Street, Chicago, IL, 60647
$1,045,000
For Sale
$1,045,000

MULTI_FAMILY - Chicago, IL

Days on Market3

Property Features for 2516 W Lyndale Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
8
Bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 8, Bedroom 2
Parking
2
Parking features
Owned
Standard status
Active
APN
13362120240000

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
14454

Utilities

Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas

Building Details

Year built
1900
Building materials
Vinyl Siding, Frame
Listing agency Baird & Warner
Listed by George Selas · License #475143948
Added: Jul 21 Checked: Jul 23 at 7:06AM
MLS# 12711586

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This legal three-unit multifamily property includes two exterior storage units beneath the rear stairwells and a common area laundry located in the lower level. The building features expansive rear decks and three separate HVAC systems using gas forced heat and central air, providing individual comfort for each unit. Two of the units are described as having updated kitchens and bathrooms, with one unit specifically noted as furnished as it has been operated on a longer-term Airbnb-style basis.

The property is located on W Lyndale Street in Chicago, within a MULTI zoning designation. The rear yard includes a full concrete pad and a gated parking area accommodating two cars.

Unit mix is described as two units with 3 bedrooms and 1 full bathroom, and one unit with 2 bedrooms and 1 full bathroom. Indoor and outdoor furnishings shown are indicated as included for the unit operated as the longer-term Airbnb-style rental.

Key Highlights

  • Legal three‑unit building with two units featuring 3 bedrooms/1 full bath and one unit featuring 2 bedrooms/1 full bath
  • Three separate HVAC systems: gas forced air heat and central air for each unit
  • Rental income noted: Unit 2 rented for $3,500/month; Unit 3 rented for $3,100/month; rental potential for all units and parking approx. $8,500–$9,000/month

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Accounting Firm Nursing Home Nursing Home Fish Market Butcher Clothing & Fashion Store Mobile Phone Store Tanning Salon Restaurant (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - This legal three-unit multifamily building offers separate HVAC systems, rear decks, and common laundry in the lower level.
Where is this triplex located?
The property is located at 2516 W Lyndale Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,045,000.
What are key features of this property?
This property features: Legal three‑unit building with two units featuring 3 bedrooms/1 full bath and one unit featuring 2 bedrooms/1 full bath; Three separate HVAC systems: gas forced air heat and central air for each unit; Rental income noted: Unit 2 rented for $3,500/month; Unit 3 rented for $3,100/month; rental potential for all units and parking approx. $8,500–$9,000/month
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