1531 W Nelson St
Chicago, IL 60657
8 Beds4 Baths2,293 Sq Ft17 Days on Market
Listing Agent & Comments
Meticulously maintained legal three unit building on a quiet tree-lined street in the heart of trendy South Lakeview. The turnkey investment is fully occupied with leases in place until Spring/Summer of 2025 that generate monthly income of 6450. All three units cover their own utilities and are separately metered for gas and electric. The only building expenses for the owner are water, trash, and insurance. Unit 1 is an English garden 2bd/1bath leased thru 6/30/2025 for 1675. Unit 2 is a spacious 2bd/1bath leased thru 5/31/2025 for 1975. Unit 3 is a large duplex 3/4bd/2bath leased thru 6/30/2025 for 2975. The garage yields additional income of 175/month. This can be an ideal armchair investment with solid income as-is, or can be a value add play with strong upside for growth in rents. An excellent bldg to add to your investment portfolio on a fantastic street in one of the most desired neighborhoods on the Northside and located in the highly sought after Burley School District.
MLS# MRD12316378 • Data provided by MRED as distributed by MLS Grid
Living Area | 2,293 Sq.Ft. |
---|---|
Lot Size | 3,101 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 8 |
Bathrooms | 4 |
Stories | 2 |
Year Built | 1906 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $15,859 |
Property in Flood Zone | -- |
Data provided by MRED as distributed by MLS Grid.
More Information On This Home
This home's estimated value
$969,296
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
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HouseCanary, Inc. Brokerage
1531 W Nelson St., Chicago, IL 60657
Multifamily8 Beds4 Baths2,293 Sq Ft17 Days on Market
Listing Agent & Comments
Meticulously maintained legal three unit building on a quiet tree-lined street in the heart of trendy South Lakeview. The turnkey investment is fully occupied with leases in place until Spring/Summer of 2025 that generate monthly income of 6450. All three units cover their own utilities and are separately metered for gas and electric. The only building expenses for the owner are water, trash, and insurance. Unit 1 is an English garden 2bd/1bath leased thru 6/30/2025 for 1675. Unit 2 is a spacious 2bd/1bath leased thru 5/31/2025 for 1975. Unit 3 is a large duplex 3/4bd/2bath leased thru 6/30/2025 for 2975. The garage yields additional income of 175/month. This can be an ideal armchair investment with solid income as-is, or can be a value add play with strong upside for growth in rents. An excellent bldg to add to your investment portfolio on a fantastic street in one of the most desired neighborhoods on the Northside and located in the highly sought after Burley School District.
MLS# MRD12316378 • Data provided by MRED as distributed by MLS Grid
Living Area | 2,293 Sq.Ft. |
---|---|
Lot Size | 3,101 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 8 |
Bathrooms | 4 |
Stories | 2 |
Year Built | 1906 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $15,859 |
Property in Flood Zone | -- |
Data provided by MRED as distributed by MLS Grid.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
1531 W Nelson St
Chicago, IL 60657
8 Beds4 Baths2,293 Sq Ft17 Days on Market
Listing Agent & Comments
Meticulously maintained legal three unit building on a quiet tree-lined street in the heart of trendy South Lakeview. The turnkey investment is fully occupied with leases in place until Spring/Summer of 2025 that generate monthly income of 6450. All three units cover their own utilities and are separately metered for gas and electric. The only building expenses for the owner are water, trash, and insurance. Unit 1 is an English garden 2bd/1bath leased thru 6/30/2025 for 1675. Unit 2 is a spacious 2bd/1bath leased thru 5/31/2025 for 1975. Unit 3 is a large duplex 3/4bd/2bath leased thru 6/30/2025 for 2975. The garage yields additional income of 175/month. This can be an ideal armchair investment with solid income as-is, or can be a value add play with strong upside for growth in rents. An excellent bldg to add to your investment portfolio on a fantastic street in one of the most desired neighborhoods on the Northside and located in the highly sought after Burley School District.
MLS# MRD12316378 • Data provided by MRED as distributed by MLS Grid
Living Area | 2,293 Sq.Ft. |
---|---|
Lot Size | 3,101 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 8 |
Bathrooms | 4 |
Stories | 2 |
Year Built | 1906 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $15,859 |
Property in Flood Zone | -- |
Data provided by MRED as distributed by MLS Grid.
More Information On This Home
This home's estimated value
$969,296
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard