About 1531 West Nelson Street
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 2024 that generate monthly income of $6450. All three units pay 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 6/30/14 for $1525. Unit 2 is a spacious 2bd/1bath leased thru 5/31/24 for $1900. Unit 3 is a large duplex 3/4bd/2bath leased thru 6/30/24 for $2850. 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.
Features of 1531 West Nelson Street
| MLS® # | 11855445 |
|---|---|
| Price | $915,000 |
| Units | 3 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Year Built | 1906 |
| Type | Residential Income |
| Sub-Type | Two to Four Units |
| Style | Victorian |
| Status | Active |
| Multi-Family | No |
Community Information
| Address | 1531 West Nelson Street |
|---|---|
| Area | CHI - Lake View |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60657 |
Interior
| Heating | Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls, Zoned |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Walkout |
Exterior
| Exterior | Brick,Frame |
|---|---|
| Lot Description | Fenced Yard |
| Roof | Asphalt |
| Foundation | Brick/Mortar |
School Information
| District | 299 |
|---|
Additional Information
| Days on Market | 105 |
|---|---|
| Zoning | COMMR |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass |
|---|