4 Family at 431-433 Chatham, Lynn MA 01902
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$1,160,000

431-433 Chatham, Lynn MA 01902
Lynn, MA 01902
Listed by Stephen Dixon
Bedrooms
4
Bathrooms
3
Living area
3,442 sqft
Year built
1900

About this home

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

Property details

MLS
MLS Property Information Network
MLS #
73447401
Property type
4 Family
Subdivision
N/A
Status
Active
Days on market
365
On market date
October 23, 2025
Stories
3
Total bathrooms
3
Garage spaces
N/A
Parking spaces
10
Lot size
0.1 acres
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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
0.17 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
0.84 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
0.2 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 365 days -- 278 more days than Lynn's current average of 87 days.
For reference, the median list price across 730 active listings in Lynn right now is $4,650.

Mortgage calculator

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

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Est. monthly payment
$7,136/mo
$232,000 down
$928,000 loan
Principal & interest$6,019
Property tax (est.)$967
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 6, 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.