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 Map
Please use the print button to include maps when printing.
For more information about 1531 W Nelson, Chicago, IL 60657 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by Compass
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
