Price Reduced 9.02%

$1,160,000 ($337.01 per sqft)

Est. Mortgage $5,564/mo *

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431-433 Chatham, Lynn, (East Lynn), MA, 01902

431-433 Chatham, Lynn, (East Lynn), MA, 01902
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14 rooms

4 beds

2 Full / 2 Half baths

1900

3,442 sqft

Exceptional fully renovated four-unit mixed-use property in the heart of East Lynn, offering strong income, flexibility, and owner-user potential. The building features two street-level commercial spaces and two updated residential apartments. Each commercial unit includes a private restroom and dedicated basement storage, ideal for retail, office, salon, or service businesses. The residential component consists of a spacious 2-bedroom, 1-bath apartment with an open-concept layout and large private deck, delivered vacant, plus a 1-bedroom, 1-bath apartment with a private deck currently occupied by a tenant-at-will paying $2,450/month and willing to renew. The smaller commercial unit is leased at $1,800/month on a 3-year term with annual rent increases, while the larger commercial space generates $2,300/month and may be delivered vacant at closing. Additional highlights include 10–12 on-site parking spaces, ample street parking, and significant upside for investors or owner-occupants se

Status:

Active

Town:

Lynn

Type:

Multi-family

Units:

4

Zoning:

b

Basement:

Partial

Levels:

3

Parking:

10-car

Acreage:

0.1

Assessment

$622,500

Lot Description:

Corner Lot

MLS #:

73447401

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of Stephen Dixon, Compass 617-206-3333