1531 Nelson Street, Lake View, Chicago, Illinois 60657
$985,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1906 |
| Property Taxes: | $15,859 |
| Days On Market: | 186 |
| Lot Size: | 0,00 |
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1906 | |
| — | |
| 3 FLAT | |
| No | |
| 0 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12316378 | |
| 14291120160000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 19 Oct, 2007 | Sold | $598,675 | MRED MLS |
| 6 Jun, 2007 | Under contract | $550,000 | MRED MLS |
| 23 Apr, 2007 | Listed for sale | $550,000 | MRED MLS |
| 1 Jul, 2025 | Sold | $985,000 | MRED MLS |
| 6 Apr, 2025 | Under contract | $969,900 | MRED MLS |
| 25 Mar, 2025 | Listed for sale | $969,900 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
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Dimensions: —
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
| — | |
| — | |
| — | |
| — | |
| 25X124 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2007 | $7,410 |
| 2025 | $15,859 |
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