SoldOct 19, 2007

Listed by Ryan Huyler from Compass

Source: Midwest Real Estate Data, LLC #11855445

1531 West Nelson Street, Chicago, IL, 60657

$598,675

8
2

MultiFam

Sold: Oct 19, 2007

What's around 1531 West Nelson Street

About this property

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.

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