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  • $985,000

    1531 W Nelson St, Chicago, IL 60657

    8beds
    --sqft
    Multi Family
    Built in 1906
    -- sqft lot
    $988,000 Zestimate®
    $--/sqft
    $2,467 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: July 05, 2025 at 01:19am

    Listing courtesy of:

    Ryan Huyler 312-319-1168,

    Compass

    Bought with:

    Ariel Marini

    Berkshire Hathaway HomeServices Chicago

    Source: MRED as distributed by MLS GRID,MLS#: 12316378MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls, Zoned
    Appliances
    • Included: Humidifier
    Features
    • Basement: Finished,Walk-Out Access

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Fencing: Fenced
    Lot
    • Size: 3,100 sqft
    • Dimensions: 25X124
    Details
    • Parcel number: 14291120160000
    • Zoning: COMMR
    • Special conditions: List Broker Must Accompany
    • Other equipment: Ceiling Fan(s)

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Victorian
    • Property subtype: Multi Family
    Materials
    • Brick, Frame
    • Foundation: Brick/Mortar
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1906
    Details
    • Builder model: 3 FLAT

    Utilities & green energy

    • Sewer: Public Sewer, Storm Sewer
    • Water: Lake Michigan

    Community & neighborhood

    Community
    • Community features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Fee Simple
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

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    $988,000
    2% more+ $19,760
    With Zillow Showcase(estimated)
    $1,007,760