1 day on Rocket
$10,000 Closing Credit¹
#12320507, Michael Hall, Listing office: Baird & Warner
$900,000 List price
2531 W Lyndale St Chicago, IL 60647
$10,000
Closing credit¹
8 beds
5 baths
House
Property details
About 2531 W Lyndale St
Stunning rehabbed legal 4-unit in the Heart of Logan Square/West Bucktown! This multi-unit building is currently operating as a rehabbed 3-unit with a legal, 4th unit that is currently an unfinished garden apartment. This very large building was recently beautifully rehabbed and features a very large, rear addition and huge rehabbed 1ST FLOOR UNIT SIMPLEX + 2 DUPLEXED UNITS ON THE 2ND & 3RD FLOORS (front & rear) + an unfinished (but legal) 4th garden apartment. - UNIT #1 - Covers the entire first floor of the building and is a 2-bed/2-bath featuring a recently rehabbed & stunning chef's kitchen w/ granite countertops, breakfast bar, 42-inch cabs, high-end appliances, and custom backsplash, Full dining room & spacious living room w/ large master suite in the rear, (two full updated bathrooms) and in-unit laundry, hardwood floors, can lighting, newer windows, perfect for a live-in owner! - Both upper units (#2F & 2R) are newly rehabbed, super-bright duplex-ups w/ new HVAC (GFA w/ Central A/C), in-unit laundry, new kitchens & baths, hardwood floors throughout and great open layouts UNIT #2F is a large 2-bedroom + den with 1 full bath. UNIT #2R is also a large 2-bedroom with 1.5 baths. Terrific income-producing property, currently generating $6,620 PER MONTH TOTAL and breakdown as follows; *UNIT #1 @ $2,190 per mo and on a month-to-month lease, *UNIT #2F @ 2,090 per month and lease expires 9/25 & *UNIT #2R was @ $2,340 (just vacated and this included both garage parking spots). The basement is currently unfinished, but it is a legal 4th garden unit and can be finished for $160K. ***EXCELLENT TOTAL ANNUAL INCOME of $79,440 minus - $16,336 in expenses (RE taxes, water & insurance) = $63,104 (NOI) TOTAL ANNUAL NET OPERATING INCOME for a Solid 7% CAP RATE.***Also, investing an additional $160K in finishing the legal 4th garden unit, brings the CAP rate up to 8.4%!! (We have the certificate of zoning from the city in hand showing 4 legal units). A+ location, quiet one-way street, close to all the great restaurants, coffee shopping, night-life, parks & excellent schools in the Logan Square/Bucktown area with excellent transportation options and a short walk to both the Western Blue Line or California stops, easy access to 90/94, close to The 606 bike path & more!!! ***Note***The 2 current tenants have indicated they will waive their right of 1st refusal under Chicago's N/W Side Preservation Ordinance, Tenant Opportunity to Purchase (606) Block Pilot Program).
Highlights
Home typeResidential
HeatingNatural Gas, Forced Air, Steam, Zoned
StatusActive
(New)
(New)
BasementYes
ParkingGarage Door Opener, On Site, Garage Owned, Detached, Garage
MLS #12301305
Garage2 spaces
Summary
- Basement: Yes
- Total Bedroom Count: 8
- Garage Space: 2 spaces
- Parking: Garage Door Opener, On Site, Garage Owned, Detached, Garage
- Heating: Natural Gas, Forced Air, Steam, Zoned
- List Price: $900,000
- Annual Tax Amount: $11,264
- Tax Year: 2022
- Directions: Fullerton east/west to Maplewood, north to Lyndale, east to property.
- MLS Number: 12301305
- MLS Name: MRED
- Office Name: Compass
- Office Phone: (773) 466-7150
- Listing Agent: Derek DiSera
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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$900,000
2531 W Lyndale St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 26, 2017 | Home Sold | $650,000 |
| Jul 25, 2016 | Home Sold | $530,000 |
| Feb 05, 2013 | Home Sold | $317,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $58,000 | $11,264 |
| 2020 | $42,286 | $8,760 |
| 2019 | $48,053 | $8,998 |
| 2018 | $48,053 | $8,813 |
| 2017 | $33,202 | $6,420 |
History based on county public records data.
Nearby schools
4
Nixon Elementary School
Public District PK-6
2.1 mi
•2121 N Keeler Ave
9
Skinner Elementary School
Public District PK-5
2.6 mi
•111 S Throop St
5
Barry Elementary School
Public District PK-6
2.6 mi
•2828 N Kilbourn Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,951. Most Chicago, IL residents have annual incomes less than $<35k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
48%
<35k
41%
35k-100k
9%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
67%
Single, No Kids
9%
Single, with Kids
13%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
5%
12-17 yrs old
41%
18-34 yrs old
38%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Tennis
Music Concerts
Where do the neighbors shop?
Banana Republic
Crate & Barrel
H&M
Where do the neighbors go to eat?
Jack In The Box
Starbucks
Chipotle
What do the neighbors drive?
Toyota
BMW
Volkswagen
What do the neighbors listen to?
Jazz
News
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2531 W Lyndale St
The listing price of 2531 W Lyndale St property is $900,000.
The property 2531 W Lyndale St is a house located in Chicago, Illinois, 60647.
Active Listing: 2531 W Lyndale St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2531 W Lyndale St are: Nixon Elementary School (GreatSchools Rating 4/10), Skinner Elementary School (GreatSchools Rating 9/10), Barry Elementary School (GreatSchools Rating 5/10), Goethe Elementary School (GreatSchools Rating 6/10), Chase Elementary School (GreatSchools Rating 5/10), Pulaski International School of Chicago (GreatSchools Rating 7/10), Alcott College Preparatory (GreatSchools Rating 4/10), Yccs-Albizu Campos Puerto Rican High School (GreatSchools Rating 1/10), Clemente Community Academy High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2022 is $11,264 (source: MLS/based on county public records data).
The last sale was on May 26, 2017 for $650,000 (source: MLS/tax record).
The property at 2531 W Lyndale St has 8 bedrooms and 5 bathrooms.
This home is located at 2531 W Lyndale St in Chicago, IL and zip code 60647 in the North Side neighborhood. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since June 18, 2025 and is currently priced at $900,000.
In May 2025, from all listings sold in Chicago, IL there were more than 1048 sold above asking price, over 906 sold below and more than 390 were sold right at the asked price. Between April and May 2025, Chicago, IL real estate market has seen increase in the number of listings by 13.6%. Listings spent 26 days on the market in May 2025, and had a median list price of $376,030 during the same period.
From Rocket Homes Real Estate and based on county public records data.