3-5 Chatham St, Lynn MA 01902

Lynn, MA 01902
$780,000
9
Beds
3
Baths
4,080
Sq Ft
$191
Price/Sq Ft
0.07
Acres
1900
Year Built
27
Days on Market
Sold Listed Oct 1, 2020 • MLS# 72736220 Copied! • Updated Nov 30, 2020

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Sale Statistics

Sale Overview
Original List Price: $750,000
Final Sale Price: $780,000
Difference: +$30,000 (+4.0%)
Performance Metrics
104.0%
List to Sale Ratio
Sold above asking price
27
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $184
Sale $/sq ft: $191
This property sold for $191 per square foot
Sale Summary

This property sold for 4.0% above the original asking price, indicating strong buyer demand.

With only 27 days on market, this was a quick sale compared to typical market conditions.

About this home

INVESTMENT OPPORTUNITY! Spacious 3 family home resided in 2018 situated in a prime location close to Lynn Beach and major transportation routes; each unit consists of over 1,100 sq ft of living space containing 3 bedrooms,1 full bathroom, living room, dining room, kitchen. Each unit has 2 zone heating by forced hot water by gas, the spacious basement allows for plenty of clean dry storage and houses 3 brand new 40 gallon hot water tanks. Each unit has 100 amps. Property being sold "as is." Group showings by appointment only on Wed 10/7 5pm-6pm. Open House Sat 10/10 12pm-3pm. All offers due by Monday 10/12 by 5pm.

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Recently Sold Nearby

Property History

Market Insights

19.3%
Price Range
30
Total Days on Market

Property Timeline

Current Active Listing - MLS #73572118
Full transaction history available when tracking began
🏡
Currently Listed
Sep 4, 2026
$929,000
MLS #73572118 - Active
Sold
Nov 25, 2020
$780,000
Property sold
Days on Market: 30
🏠
Listed for Sale
Oct 2, 2020
$750,000
Original listing
Agent: DiVirgilio Homes Office: RE/MAX 360

Tax History

Year Taxes Assessment
2020 $7,504 $560,000

Financial Details

Annual Property Tax
$7,504
Tax Year 2020
Assessed Value
$560,000

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1900
Living Area 4,080 sq ft
Lot Size 0.07 acres
Bedrooms 9
Full Baths 3
Total Rooms 20

Investment Metrics

Units 3
Unit 1 Rent $1,700/mo · Y
Unit 2 Rent $1,700/mo · Y
Unit 3 Rent $1,700/mo · Y
Total Monthly Rent $5,100/mo
Gross Income $61,200
Net Operating Income $48,166
Operating Expenses $13,034
Water/Sewer Expense $3,000
Electric Expense $750
Insurance Expense $1,780
Cap Rate 6.42%
Heating Baseboard
Cooling Window Unit(s)
Flooring Wood
Appliances Range, Refrigerator
Fireplace None
Basement None
Laundry Washer & Dryer Hookup
Features Living Room, Dining Room, Kitchen
Construction None
Architecture None
Roof Tar/gravel
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features On Street
Electric Circuit Breakers, 100 Amp Service, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $7,504
Assessed Value $560,000
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Property Being Sold As Is. Buyer And Buyers Agent To Do Own Due Diligence.
Possession None
Accepted Financing None
Structure Type []
House Color Beige
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 30 days

Property Overview

Property Type
3 Family
Listing Type
Sold
Year Built
1900
Bedrooms
9
Full Bathrooms
3
Living Area
4,080 sq ft
Total Rooms
20
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring: Wood
Appliances: Range, Refrigerator
Interior Features: Living Room, Dining Room, Kitchen
Windows:
Basement:
Laundry: Washer & Dryer Hookup
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof: Tar/Gravel
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating: Baseboard
Heating Zones: 2
Cooling: Window Unit(s)
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Other
Road Surface:

Parking & Garage

Parking Features: On Street
School District
Lynn School District local
D
School Safety 2024-25
3.5% Above Average
3.0% Suspensions 0.3% In-School 0.1% Expulsions 0.4% Emergency
2.0% below state avg
E

Elementary Schools

10 schools
The Hathaway School
0.5 mi
Grades PK-08
B-
KIPP Academy Lynn Charter School
0.8 mi | #203 of 346 | Score: 52.0
Improved 58 spots from last year
-6.2 below state avg
1,629 students Moderate
High Graduation Rate Rising School College Ready Curriculum
Grades K-12
St. Pius V Elementary School
0.9 mi
Grades PK-08
C-
Lynn Vocational Technical Institute
1.4 mi | #292 of 346 | Score: 41.8
Improved 42 spots from last year
-16.4 below state avg
1,566 students Moderate
Early College Program High Graduation Rate Rising School Career Tech Programs
Grades PK-12
North Shore Christian School
1.4 mi
Grades PK-08
Sacred Heart Elementary School
2.0 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.2 mi
27 students Diverse
Grades PK-12
C-
Ingalls School
< 0.1 mi | #672 of 825 | Score: 37.2
Improved 126 spots from last year
-21 below state avg
620 students Less Diverse
Rising School
Grades K-05
C
Hood School
0.4 mi | #605 of 825 | Score: 40.5
Improved 40 spots from last year
-17.7 below state avg
553 students Moderate
Rising School
Grades PK-05
A-
Aborn School
0.5 mi | #213 of 825 | Score: 54.1
Improved 265 spots from last year
-4.1 below state avg
232 students Diverse
Rising School Diverse Student Body
Grades K-05
M

Middle Schools

2 schools
C-
Thurgood Marshall Middle School
0.3 mi | #311 of 352 | Score: 30.7
Improved 40 spots from last year
-27.5 below state avg
1,190 students Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
1.5 mi | #229 of 352 | Score: 38.5
Improved 78 spots from last year
-19.7 below state avg
539 students Diverse
Rising School
Grades 06-08
H

High Schools

6 schools
B+
Fredrick Douglass Collegiate Academy
0.9 mi | #11 of 25 | Score: 34.7
Improved 331 spots from last year
-23.5 below state avg
364 students Moderate
Early College Program Rising School
Grades 06-12
St. Mary's High School
1.0 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
1.2 mi
259 students Moderate
Grades 06-12
D
Lynn English High School
0.5 mi | #315 of 346 | Score: 35.5
Improved 40 spots from last year
-22.7 below state avg
1,727 students Moderate
18 sports • 1,425 athletes
Early College Program Rising School Career Tech Programs Strong Athletics
Grades 09-12
B-
Harold Durgin Success Academy
1.2 mi | #16 of 25 | Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
98 students Moderate
Rising School Career Tech Programs Strong Attendance
Grades 09-12
C-
Classical High School
2.6 mi | #304 of 346 | Score: 37.5
Improved 49 spots from last year
-20.8 below state avg
1,513 students Moderate
Early College Program Rising School Career Tech Programs
Grades 09-12
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Location

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Neighborhood

3-5 Chatham St, Lynn MA 01902

Lynn, MA 01902

Listing Information

Agent MLS ID TM336506
Office MLS ID AN4305
Listing Data Updated Nov 30, 2020 1:59 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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