IL > Chicago
Chicago, IL 60657,1531 W NELSON Street
Chicago, IL 60657,1531 W NELSON Street
Chicago, IL 60657,1531 W NELSON Street
$985,000
$969,900 1.6%
Est. payment /mo
8 Beds

UPDATED:

Key Details

Sold Price $985,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12316378

Sold Date 07/01/25

Style Victorian

Bedrooms 8

Year Built 1906

Annual Tax Amount $15,858

Tax Year 2023

Lot Dimensions 25X124

Property Sub-Type Two to Four Units

Property Description

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.

Location

State IL

County Cook

Community Curbs, Gated, Sidewalks, Street Lights, Street Paved

Zoning COMMR

Rooms

Basement Finished, Walk-Out Access

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls, Zoned

Fireplace N

Appliance Humidifier

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Asphalt

Building

Foundation Brick/Mortar

Sewer Public Sewer, Storm Sewer

Water Lake Michigan

Structure Type Brick,Frame

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Ryan Huyler • Compass
Bought with Ariel Marini • Berkshire Hathaway HomeServices Chicago

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1531 W NELSON Street

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