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$985,000
8
beds
4
baths

1531 W Nelson Street
Chicago, Illinois 60657

Closed / MLS #12316378 / Multiple Unit (2-4) / Lakeview
Listing information updated 7/5/2025 at 6:03am
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.
Architecture Style:
Victorian
Exterior Type:
Brick,Frame
Basement:
Finished,Walk-Out Access
Beds Above Grade:
8
Heating System:
Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls, Zoned
Appliances:
Humidifier
Pool:
No
Age:
100+ Years
Roof Type:
Asphalt
Parking Type:
Garage - Garage Door Opener,On Site,Garage Owned,Detached,Garage
Parking Spaces:
2
Garage:
Detached
Room Count:
17
Water Front:
No
Square Feet:
N/A
Lot Size:
Standard Chicago Lot
Tax Amount:
$15,858
Tax Year:
2023
Zip Code:
60657
City:
Chicago
County:
Cook
School District(s):
299
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: Compass

Listing Office Phone: 312.319.1168

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 7/5/2025 at 6:03am. 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. Some listings have been excluded from this website.

Lakeview

Lakeview, IL

Chicagoans will find more than a few of their favorite things in Lakeview, one of the largest neighborhoods on the city’s North Side. For starters, there’s Lakeview’s proximity to the beach and public transit, quiet residential streets, thriving restaurant and bar scene, and Wrigley Field. The...

CTA

CTA
Brown line at Southport
CTA
Purple line at Wellington
CTA
Red line at Belmont
$692,092
Average Sale Price
36
Average Days On The Market
100%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1531 W Nelson Street, Chicago, IL 60657
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1531 W Nelson Street, Chicago, IL 60657 is a multiple unit (2-4) which sold for $985,000. 1531 W Nelson Street features 8 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since March 25th, 2025 and was built in 1906. The nearest transit stops include Southport CTA Brown line.

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