INNOVATE Real Estate
Commercial Sale at 391 Chatham Street, Lynn MA 01902
Commercial Sale at 391 Chatham Street, Lynn MA 01902, photo 2 of 2
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$399,900

391 Chatham Street, Lynn MA 01902
Lynn, MA 01902
Listed by Wendy Carpenito
Bedrooms
N/A
Bathrooms
N/A
Living area
5,111 sqft
Year built
1880

About this home

GREAT Opportunity - GREAT Price in this Mixed-Use property. Second floor residential unit offers 3-4 bedroom and two full baths, large roof deck. Front-to-back store front, ample off street parking off of side street, garage. Interior sprinkler system, rent well below market. Large footprint provides many possibilities. HIGH visibility - HIGH traffic area - HIGH foot traffic! Don't miss this amazing investment!

Property details

MLS
MLS Property Information Network
MLS #
73474621
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
262
On market date
February 5, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.15 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Hood
0.1 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
497
Student:teacher ratio
14.2:1
District
Lynn
Middle
Thurgood Marshall Mid
0.76 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,275
Student:teacher ratio
13.6:1
District
Lynn
High
Lynn English High
0.21 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,165
Student:teacher ratio
17.6:1
District
Lynn

Walkability

Blended score for Lynn's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

80
Highly walkable
out of 100
EPA National Walkability Index
13.3 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks16
Schools20
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in Lynn, from live MLS data.

On the market 262 days -- 173 more days than Lynn's current average of 89 days.
For reference, the median list price across 731 active listings in Lynn right now is $4,800.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,558/mo
$79,980 down
$319,920 loan
Principal & interest$2,075
Property tax (est.)$333
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated July 3, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.