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Two-Family Opportunity!!Welcome to this well-maintained two-family home in the heart of Lynn-perfect for both homeowners and investors alike! This property offers the ideal blend of comfort, functionality, and income potential. Each unit features beautiful hardwood floors throughout and an inviting open-concept layout that creates a bright and spacious feel. A finished attic provides additional flexible space-perfect for a home office, guest area.Step outside to your own private oasis! The backyard is designed for entertaining, complete with an exterior kitchen, charming gazebo, and a stunning fire pit-ideal for gatherings with family and friends year-round. Whether you're looking to live in one unit and generate rental income from the other, or expand your investment portfolio, this property is a fantastic opportunity to offset your mortgage while enjoying a comfortable lifestyle. Conveniently located near local amenities, shop, schools, transportation and beach!

More Info

Basic Information

  • Contingency Pending P&S
  • Lot Features Corner Lot
  • Mls StatusUnder Agreement

Tax Information

  • Tax Assessed Value $630,620
  • Tax Year 2026
  • Taxes$6,533

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces6

Rooms

  • Bathroom2
  • Bathrooms Total Decimal 2
  • Bedrooms4
  • Full Bath2

Basic Information

  • List Price$695,000
  • MLS Number73490600
  • Modification Date05/21/2026
  • Property SubTypeMulti Family
  • Purchase Contract Date03/31/2026

Location

  • Address531- 531a Chatham Street
  • Building Number531- 531a
  • CountyEssex
  • StateMA
  • StreetChatham Street
  • TownLynn
  • Zip01904

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Frame, Brick
  • FoundationStone
  • Levels 2
  • Patio And Porch Features Porch, Deck, Patio
  • Rooms8
  • Stories2
  • Units2
  • Utilities For Gas Range, For Gas Dryer, Washer Hookup
  • Year Built1880
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.11
  • Other Structures Cabana

Interior

  • Flooring Tile, Vinyl / VCT, Hardwood
  • Interior Features Laundry Room, Bathroom With Tub & Shower, Walk-Up Attic, Living Room, Kitchen

Exterior

  • Exterior Features Balcony
  • Fencing Fenced/Enclosed, Fenced
  • RoofShingle

Utilities

  • Electric 110 Volts
  • Heat SystemYes
  • Heating Baseboard, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 1,290
  • Lot Size Square Feet 4,731
  • Lot Size Units Acres
  • Square Feet1,290

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Highway Access
    • Laundromat
    • Marina
    • Medical Facility
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • University
  • Appliances IncludedRange, Microwave, Refrigerator
  • Other AmenitiesBasement

Water Body

  • Miles to Beach2
  • Waterfront Features Ocean,1 to 2 Mile To Beach, Beach Ownership(Public)

Legal

  • ZoningR2

Other

  • Date Listed03/24/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Best of Boston Living Team of LPT Realty,LLC

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