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1531 W Nelson Street

Chicago, IL 60657

8 beds
4 baths
– sqft
3,100 sqft lot
1906 build
– on site

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.

Listing courtesy of MRED / Compass as distributed by MLS GRID

Last checked: Checking… • Last updated Mar 26, 2025 •

MLS# 12316378 —

The Building

Year Built:

1906
Rebuilt:

No
New Construction:

false
Architectural Style:

Victorian
Model:

3 FLAT
Roof:

Asphalt
Basement:

Walk-Out Access
Foundation Details:

Brick/Mortar
Other Equipment:

Ceiling Fan(s)

Interior

Rooms Total:

17

Location

Directions:

ASHLAND BETWEEN BELMONT AND WELLINGTON.
Location:

87291

The Property

Parcel Number:

14291120160000
Property Type:

Residential Income
Lot Features:

Fenced Yard
Lot Size Dimensions:

25X124
Zoning:

COMMR
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

15858.64

Beds

Bedrooms Total:

8
Bedrooms Possible:

8

Baths

Baths:

4
Full Baths:

4

The Listing

Special Listing Conditions:

List Broker Must Accompany

Heating & Cooling

Heating:

Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls, Zoned

Utilities

Sewer:

Public Sewer, Sewer-Storm
Water Source:

Lake Michigan

Appliances

Appliances:

Humidifier

Schools

Elementary School District:

299
Middle Or Junior School District:

299
High School District:

299

The Community

Community Features:

Curbs, Gated, Sidewalks, Street Lights, Street Paved

Parking

Parking Total:

2
Garage Type:

Detached
Garage Spaces:

2
Garage Onsite:

Yes
Garage Ownership:

Owned

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/25/25 Mar 25, 2025	Listed / Active	MRED	$969,900	62.0% (3.6% / YR)
8/25/23 Aug 25, 2023	Listed / Active	MRED
10/19/07 Oct 19, 2007		MRED	$598,675

Multifamily For Sale

$969,900

Listing provided by broker:

Ryan Huyler

Compass

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This multifamily located in North Side, Chicago, IL 60657 is currently for sale for $969,900. 1531 W Nelson Street is a – square foot multifamily with 8 beds and 4 baths that has been on Estately for 4 days. 1531 W Nelson Street is in the North Side neighborhood of Chicago and has a WalkScore® of 94, making it a walker’s paradise. This multifamily is in the attendance area of Burley Elementary School and Lake View High School.

Listing courtesy of MRED, Compass, and Ryan Huyler as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Mar 26, 2025, 09:18 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.