CENTURY 21 Hughes

574 Chestnut St, Lynn, MA 01904


Sale Price

Approx. GLA
The spring market is heating up and multi-family homes are in short supply. This is your opportunity to own a rarely available four-family home in the Ward 1 section of Lynn! Good rental history with room for growth! The first floor offers a three room, one bedroom apartment collecting $800/month. Also on the first floor is a five room, two bedroom apartment currently rented for $900/month. The second floor hosts a large, six room, three bedroom apartment rented for $1200/month. All occupants are tenants-at-will. The third floor is currently used by the owner and offers five rooms, three bedrooms and a full bathroom. Great for owner occupants and investors alike. Buy it to live in and own for less than it would cost to rent or buy it for investment and watch the cash come in. The rents are below market value and a savvy investor can turn this into a true money-making machine. Plenty of off-street parking. Close to public transportation and just a short ride to many local highways.
Sale Price: $560,000
Settled Date: 6/30/2016 12:00:00 AM
List Price: $549,900
Type: Multi-Family
Multi-Family Type: 4 Family
Status: Sold
Beds: 9
Baths: 4
Units: 4
Year Built: 1920
Approx. GLA: 4,304
MLS#: 71988704
Basement: Yes
Rooms: 19
Lead Paint: Unknown
Total Floors: 3
Water: No
Acres: 0.10
Lot Size: 4,346.00
Lot Description: Corner
Foundation: Other (See Remarks)
Parking Spaces: 8
Exterior: Wood
Water: City/Town Water
Water: City/Town Water
Sewage District: LWSC
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $409,500
Taxes: $6,626
Tax Year: 2016
Book/Page: 27915/75
Beach: No
Gross Income: $34,800
Net Income: $34,800
Disclosure Declaration: No
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 1 1 0 No 1 $800
Unit 2 5 2 0 1 1 0 No 1 $900
Unit 3 6 3 0 2 1 0 No 1 $1,200
Unit 4 5 3 0 3 1 0 1
Units Extras
Unit 1
Rooms:  Living Room, Kitchen 
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The listing office is Century 21 Hughes and the listing agent is Matthew Newhall. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 6/23/2017 10:35:00 PM.
Matthew Newhall
Matthew Newhall
CENTURY 21 Hughes