1531 West Nelson, Chicago IL 60657
- Units 3
- Total Beds 8
- Total Baths 4
- Taxes $15,858.64
- Payment Estimate View Mortgage Calculator
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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.
Features & Information
Key Details
- List Price $969,900
- Property Taxes $15,858.64
- Price/ Sq. Ft. Unavailable
- Year Built 1906
- Parking Type Garage
- Status New
Rooms
- Total Rooms 17
- Basement W
Exterior Features
-
Parking
- Parking Details Garage
- # of Cars: 2
- # of Garage Spaces: Garage Door Opener(s)
Building Information
- Number of Units 3
- Age of Building 100+ Years
- Exterior Construction Brick,Frame
- Foundation Brick
- Heating & Cooling Gas, Forced Air, 2+ Sep Heating Systems, Indv Controls, Zoned
-
Units
- Unit 1 Stove, Refrigerator, Dishwasher, Central Air Conditioner
- Unit 2 Stove, Refrigerator, Dishwasher, Central Air Conditioner
- Unit 3 Stove, Refrigerator, Dishwasher, Central Air Conditioner, Garage/Space
Location
- County Cook
- Township Lake View
- Corporate Limits Chicago
- Directions to Property Ashland Between Belmont And Wellington.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 15858.64
- Tax Year 2023
- Tax Exemptions None
- Parcel Identification Number 14291120160000
Utilities
- Sewer Sewer-Publ
Listed by Ryan Huyler for Compass | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 3/29/2025 2:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Lakeview
Lakeview neighborhood covers the western half of Chicago's greater Lakeview area. Actually, a “lake view” is a little tough to come by here because the water's edge is a good 10 minute walk from the neighborhood's eastern border. That doesn't seem to bother anyone living in this exciting north side hotspot, though. Lakeview is packed with some of Chicago's best restaurants and a hip shopping district with cool fashions you won't find anywhere else in the city. For live music, Lakeview's roster of venues and concert halls tops that of any other area in Chicago. Bands travel from around the world to play shows here. Tiny, dives with a stage in the back of the bar are just as established in the music scene as balconied theaters that seat thousands. Entertainment in Lakeview is not limited to musical artists – there are a number of theatrical companies based in the neighborhood, too. Take your pick of comedy acts, avant-garde films, serious plays and original productions. Aside from being a hip Chicago destination, Lakeview is a sought-after place to buy real estate. The area's mid-rise condos and rehabbed walkups are among the most valuable properties in the city.
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