Nestled on a quiet, neighborhood street in the heart of Lyon Park,
this is the charmer you have been waiting for. Homes like this
rarely hit the market. It is the perfect blend of classic design
and modern convenience in an A+ location. Meticulously cared
for and continuously renovated and updated over the years, every
single corner reflects a sophisticated attention to detail,
high-end upgrades, and a commitment to quality. Features include an
inviting front porch, 4 generous sized bedrooms (2 on the main
level and 2 on the upper), a gracious living room with built-ins
and a cozy wood burning fireplace, a central dining room with a
stunning crystal chandelier, gleaming hardwood floors (oak and
heart of pine), two cedar closets, and a detached and oversized
one-car garage. The heart of the home is a chef's dream
kitchen. Outfitted with custom-built cabinetry and a stylish
backsplash, this kitchen leaves nothing to be desired. Premium
appliances include a Viking cooktop with a dedicated hood and pot
filler, matching Wolf built-in microwave and wall oven, GE Profile
refrigerator, wine fridge, and a Bosch dishwasher.The lower level
houses a dedicated laundry area with a double utility sink, plus a
blank canvas ready for your vision and improvements. The
icing on the cake, a sun drenched den with central French doors
that swing open to reveal an expansive multi-level Trex deck
extending your indoor living space into a backyard oasis. Every
major system and surface has been systematically upgraded to ensure
absolute peace of mind for years to come. Improvements include
window replacement thought the house, a new main water line (2023),
new Bosch dishwasher (2023), new Wolf microwave (2025), a
high-efficiency boiler, and an upgraded electrical panel. Outside,
the grounds feature a french drain, fresh professional landscaping
powered by a multi-zone automatic sprinkler system, and a coveted
one-car oversized garage, a priceless feature in Lyon Park. The
owners have put in $210K worth of upgrades and improvements. As if
this is not enough, this gem is walkable, bikeable or a short bike
ride from Clarendon, the Metro and the bustling orange line
corridor with it's slew of restaurants, stores, coffee shops,
fitness centers, parks and playgrounds, making it a win-win.This
turnkey bungalow is truly ready for its next chapter.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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