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.
Closed
$985,000
1531 W Nelson St, Chicago, IL 60657
8beds
--sqft
Multi Family
Built in 1906
-- sqft lot
$1,036,600 Zestimate®
$--/sqft
$2,818 Estimated rent
Home value
$1,036,600
$933,000 - $1.16M
$2,818/mo
Zestimate® history
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$2,818/mo
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$2,818/mo
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$6,894/mo
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List your homeWhat's special
Quiet tree-lined streetEnglish gardenLarge duplex
Zillow last checked:
Listing updated:
Listing courtesy of:
Ryan Huyler 312-319-1168,
Compass
Bought with:
Ariel Marini
Berkshire Hathaway HomeServices Chicago
Source: MRED as distributed by MLS GRID,MLS#: 12316378
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls, Zoned
Appliances
- Included: Humidifier
Features
- Basement: Finished,Walk-Out Access
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Fencing: Fenced
Lot
- Size: 3,100 sqft
- Dimensions: 25X124
Details
- Parcel number: 14291120160000
- Zoning: COMMR
- Special conditions: List Broker Must Accompany
- Other equipment: Ceiling Fan(s)
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Multi Family
Materials
- Brick, Frame
- Foundation: Brick/Mortar
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1906
Details
- Builder model: 3 FLAT
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Water: Lake Michigan
Community & neighborhood
Community
- Community features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2025 | Sold | $985,000+1.6% |
Source:  MRED as distributed by MLS GRID #12316378 Report a problem | ||
| 3/25/2025 | Listed for sale | $969,900+6% |
Source: MRED as distributed by MLS GRID #12316378 Report a problem | ||
| 5/30/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/14/2024 | Price change | $1,675-4.3% |
Source: Zillow Rentals Report a problem | ||
| 5/6/2024 | Listed for rent | $1,750+14.8% |
Source: Zillow Rentals Report a problem | ||
| 12/24/2023 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11855445 Report a problem | ||
| 8/25/2023 | Listed for sale | $915,000+19.6% |
Source: MRED as distributed by MLS GRID #11855445 Report a problem | ||
| 4/30/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/16/2023 | Listed for rent | $1,525+3.4% |
Source: Zillow Rentals Report a problem | ||
| 11/8/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/8/2022 | Price change | $1,475-1.3% |
Source: Zillow Rental Manager Report a problem | ||
| 9/7/2022 | Price change | $1,495-3.5% |
Source: Zillow Rental Manager Report a problem | ||
| 8/8/2022 | Price change | $1,550-3.1% |
Source: Zillow Rental Manager Report a problem | ||
| 7/27/2022 | Price change | $1,600-1.5% |
Source: Zillow Rental Manager Report a problem | ||
| 7/12/2022 | Price change | $1,625+4.8% |
Source: Zillow Rental Manager Report a problem | ||
| 7/7/2022 | Listed for rent | $1,550 |
Source: Zillow Rental Manager Report a problem | ||
| 5/30/2008 | Sold | $765,000+27.7% |
Source: Public Record Report a problem | ||
| 10/24/2007 | Sold | $599,000-11.8% |
Source: Public Record Report a problem | ||
| 7/28/2005 | Sold | $679,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $80,000 +6.4% |
| 2023 | $15,859 -4.8% | $75,163 -7.2% |
| 2022 | $16,660 +2.3% | $81,000 |
| 2021 | $16,288 +30.3% | $81,000 +44.3% |
| 2020 | $12,505 -0.2% | $56,135 -10% |
| 2019 | $12,532 +1.7% | $62,373 |
| 2018 | $12,321 +21.2% | $62,373 +32.1% |
| 2017 | $10,164 +7.5% | $47,214 |
| 2016 | $9,456 -3.7% | $47,214 -11.9% |
| 2015 | $9,821 +24.2% | $53,597 +25.8% |
| 2014 | $7,905 +8.7% | $42,606 |
| 2013 | $7,271 -10.4% | $42,606 -10.7% |
| 2012 | $8,112 -27% | $47,700 -32.4% |
| 2011 | $11,106 -0.7% | $70,556 |
| 2010 | $11,185 +9.5% | $70,556 |
| 2009 | $10,211 +5.2% | $70,556 +1.5% |
| 2008 | $9,710 -1.7% | $69,536 |
| 2007 | $9,876 -1.1% | $69,536 |
| 2006 | $9,982 +34.7% | $69,536 +53.3% |
| 2005 | $7,410 +1% | $45,348 |
| 2004 | $7,335 +2.2% | $45,348 |
| 2003 | $7,176 +3% | $45,348 +16.9% |
| 2002 | $6,967 +3.8% | $38,777 |
| 2001 | $6,715 +22.1% | $38,777 |
| 2000 | $5,500 -0.7% | $38,777 +35.4% |
| 1999 | $5,537 | $28,632 |
Find assessor info on the county website
Neighborhood: Lake View
Nearby schools
GreatSchools rating
- 8/10Burley Elementary SchoolGrades: K-8Distance: 0.2 mi
- 3/10Lake View High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,036,600
Get a cash offer in 3 minutes
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Estimated market value
$1,036,600
- Illinois
- Cook County
- Chicago
- 60657
- Lake View
- 1531 W Nelson St
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