Back 1531 West Nelson Street
Off Market

1531 West Nelson Street

Chicago IL 60657

8
4
2
Multi-Family
Last sold for $985,000
Ryan HuylerRyan Huyler, last sold this property on 01 July 2025 after 97 days on market.

Overview

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

8 bedrooms
4 bathrooms
2 carspaces
2 garage spaces
Multi-Family

Estimated Value

Based on this property and similar 8 bedroom multi families sold in Chicago over the last 12 months, the estimated median property value of 1531 West Nelson Street is $1.34m.

Median value
$1.34m
Estimated value range
$985k - $1.47m
Median days on market
9
Estimated value trend
-7%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1531 West Nelson Street

2025
Sold
$985,000
01 Jul 2025 by Ryan Huyler, of Compass
2007
Sold
$598,675
19 Oct 2007 by Ryan Huyler, of Compass

Happy sellers in Chicago

94%
94% of sellers in Chicago reported that their sale price either exceeded or met their price expectations.

Chicago stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Chicago over the last 12 months.

Local market activity for 8 bedroom multi families in Chicago

In the last 12 months, 9 eight-bedroom multi families similar to 1531 West Nelson Street, have been sold.

This represents a 14% decrease in eight-bedroom multi families sales when compared to the previous 12 months.

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