Exceptional investment opportunity in the heart of Logan Square! Situated on charming tree-lined Lyndale Street, this legal three-unit building offers the perfect blend of classic Chicago character and modern functionality in one of the city’s most sought-after and rapidly growing neighborhoods. Just a short walk to Logan Boulevard, the Blue Line, parks, and a vibrant mix of restaurants, cafes, and nightlife. Each spacious unit features 3 bedrooms and 1 full bathroom, making the property ideal for both investors and owner-occupants. Updated kitchens and bathrooms complement the building’s original charm, while three separate HVAC systems (gas forced heat and central air) provide comfort and efficiency for every unit. The first-floor apartment has been successfully operated as a longer-term Airbnb-style rental catering to working professionals. All indoor and outdoor furnishings shown are included, allowing a buyer to seamlessly continue this proven income model. The remaining units are unfurnished and well-suited for traditional long-term tenants, offering flexible rental strategies and strong income potential. Additional highlights include expansive rear decks, common area laundry in the lower level, and two exterior storage units located beneath the rear stairwells. The rear yard features a full concrete pad, pitched and engineered to support the future addition of an upper garage structure, along with an existing gated parking area accommodating two cars. The rental potential for the three units and parking is approximately $8,500 per month. Meticulously maintained and thoughtfully improved, this property delivers outstanding comfort, functionality, and long-term value – a rare turnkey multi-unit opportunity in one of Chicago’s hottest neighborhoods.
Property Details
Price:
$1,075,000
MLS #:
MRD12617507
Status:
Active
Beds:
8
Baths:
3
Type:
Multi Family
Neighborhood:
chilogansquare
Listed Date:
Apr 13, 2026
Year Built:
1900
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Construction Materials
Vinyl Siding, Frame
Parking Features
Yes, Owned
Parking Spots
2
Parking Total
2
Financial
Tax Year
2024
Taxes
$14,454
Map
Community
- Address2516 W Lyndale Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60647
Market Summary
Current real estate data for Multi Family in Chicago as of May 15, 2026
1,376
Multi Family Listed
78
Avg DOM
$514,993
Avg List Price
Property Summary
- 2516 W Lyndale Street Chicago IL is a Multi Family for sale in Chicago, IL, 60647. It is listed for $1,075,000
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Copyright 2026. All rights reserved.
2516 W Lyndale Street
Chicago, IL


