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.

Property Details

PRICE
$915,000
BEDROOMS
8
BATHROOMS
4
SQFT
N/A
YEAR BUILT
1906
PARKING SPOTS
2
MLS #
11855445
FULL ADDRESS
1531 1531 NELSON Street
CITY
Chicago, IL
ZIP
60657

Listing Details

Listing Office
Compass
Listing Agent
Ryan Huyler
Contact
312-319-1168
Last Data Update
2023-12-24T18:11:20Z

Interior

BATHROOMS
4 Full Bathrooms

Schools

School District
299
Elementary School
High School

Buy This Home With a Local Expert

22 years. 600+ Chicago closings. Individual, hands-on representation from first tour through close. Ken can be your buyer's agent on this property. Call 773.398.5585 or drop your details below.

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