Two-Level Residential Income
New
For Sale
$840,000
3049 W Lyndale Street Unit 1, Chicago, IL 60647
A three-bedroom home pairs separate living areas with a private rooftop deck and garage parking.
Property Size1,724 SF
Price / SF$487.24
Days on Market5
Property Features for 3049 W Lyndale Street Unit 1
General Information
Standard status
Active
Size
1,724 SF
Total Parking Spaces
1
Property subtype
Condo,Condo-Duplex
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$13,762
Amenities
private garage rooftop deck
steam shower
heated floors
wet bar
beverage center
reverse osmosis system
Building Details
Building Size
1,724 SF
Year Built
2018
Listing Agency:
Keller Williams Preferred Rlty
Listed By:
Christina Barbaro · License #475186007
(708) 798-1111
Source:
Harkinsandassociates
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 4 at 4:10PM
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 Keller Williams Preferred Rlty
Investment Insights
Based on property information with market context.
This 1,724-square-foot duplex condo occupies two levels in a 2018, two-unit building. The home has three bedrooms and 2.5 bathrooms, with a living area on each floor. The kitchen includes two-tone shaker cabinetry, Bosch appliances, quartz counters, and a waterfall-edge peninsula. A finished lower level adds a wet bar, beverage center, cabinetry, and storage. The primary suite is on the main level and includes an en suite bath with a steam shower and heated floors. A private deck atop the garage and one garage parking space are also included.
The property is in Chicago’s Logan Square area, near Palmer Square. Recent updates include a washer and dryer installed in September 2024, a hot water heater added in March 2025, and a reverse osmosis system installed in 2024.
The property is in Chicago’s Logan Square area, near Palmer Square. Recent updates include a washer and dryer installed in September 2024, a hot water heater added in March 2025, and a reverse osmosis system installed in 2024.
Key Highlights
- 1,724‑square‑foot, three‑bedroom duplex condo in a 2018 two‑unit building
- Two living areas, with one on each level
- Finished lower level includes a wet bar, beverage center, cabinetry, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,427
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,540
$528.5K
Cap Rate 7%
$377,529
$377.5K
Cap Rate 9%
$293,633
$293.6K
Market Conditions
NOI Build-Up for 1,724 SF
Gross rent
$50.7K $29.40/SF
− Vacancy
−$2.6K −$1.53/SF
EGI
$48.0K $27.87/SF
− OpEx
−$21.6K −$12.54/SF
NOI
$26.4K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,540
Cap Rate 7%
$377,529
Cap Rate 9%
$293,633
Alternative Uses
Best Use
Apartment 5plus
$377.5K
$330.3K – $440.5K
NOI $26,427 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$812.9K
$711.3K – $948.3K
NOI $56,900 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,633
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom home pairs separate living areas with a private rooftop deck and garage parking.
Where is this residential income property located?
The property is located at 3049 W Lyndale Street Unit 1 Chicago, IL.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: 1,724‑square‑foot, three‑bedroom duplex condo in a 2018 two‑unit building; Two living areas, with one on each level; Finished lower level includes a wet bar, beverage center, cabinetry, and storage
