Date
Details
Price
Change
Source
3/25/2025
Listed
$969,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$969,900
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Property Description
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
Full Property Details
Full Property Details for 1531 W Nelson St
General
- Price: $969,900
- Taxes: $15,858 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12316378
- Updated: 4/7/2025
- Added to Site: 18 day(s) ago
Rental Information
- Complex Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Finished, W
- Appliances: Humidifier
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 8
Additional Information
- Equipment: Ceiling Fan(s)
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
- Parking On-Site: Yes
Location
- Area: CHI - Lake View
- County: Cook
- Township: Lake View
- Driving Directions: ASHLAND BETWEEN BELMONT AND WELLINGTON.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air, Sep Heating Systems - 2+, Individual Controls, Zoned
Utilities
- Sewer: Public Sewer, Storm Sewer
- Water: Lake Michigan
Structural Information
- Architectural Info: Victorian
- Architectural Style: Victorian
- Model: 3 FLAT
- Exterior Const.: Brick, Frame
- Basement: Yes
- Basement Desc.: Finished, Walk-Out Access
- Foundation: Brick/Mortar
- Roof: Asphalt
- Year Built: 1906
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Manufactured Home
- Model: 3 FLAT
Lot Features
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 25 x 124
- Fence: Yes
- Zoning: COMMR
- Fencing (Description): Fenced
Financial Considerations
- Insurance Fee: $3,282
- Assessment Year: 1906
- Tax Amount: $15,858.64
- Tax Year: 2023
- Pays Sewer: Public Sewer, Sewer-Storm
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 14291120160000
Listed by Compass
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NMLS#: 1598647
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Schools
Schools serving 1531 W Nelson St
School District:Chicago Public Schools
| Rating | Name | Grades | Distance |
|---|---|---|---|
|
1630 W Barry Ave, Chicago, IL 60657 | PK-8 | 0.2 mi | |
|
4015 N Ashland Ave, Chicago, IL 60613 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1531 W Nelson St
Tax History
Tax History for 1531 W Nelson St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$15,859
-5%
$75,163
-7%
2022
$16,660
2%
$81,000
—
2021
$16,288
30%
$81,000
44%
2020
$12,505
—
$56,135
-10%
2019
$12,532
2%
$62,373
—
2018
$12,321
21%
$62,373
32%
2017
$10,164
7%
$47,214
—
2016
$9,456
-4%
$47,214
-12%
2015
$9,821
24%
$53,597
26%
2014
$7,905
9%
$42,606
—
2013
$7,271
-10%
$42,606
-11%
2012
$8,112
—
$47,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1531 W Nelson St
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,669Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 5Beds
- 2Total Baths
- 1,900Sq. Ft.
- Single Family
- Active
- Updated 18 hours ago
- 2Beds
- 1Total Bath
- 958Sq. Ft.
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- Single Family
- Active
- Updated 5 hours ago
- 5Beds
- 2Total Baths
- 2,000Sq. Ft.
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1531 W Nelson Street, Chicago, IL 60657 (MLS# 12316378) is a Multi-Family property with 3 units containing 8 bedrooms and 0 full bathrooms. 1531 W Nelson Street is currently listed for $969,900 and was received on March 25, 2025. Want to learn more about 1531 W Nelson Street? Do you have questions about finding other Multi-Family real estate for sale in LakeView? You can browse all LakeView real estate or contact a Coldwell Banker agent to request more information.