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1507 W Nelson Street

Chicago, IL 60657
  • $975,000
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: 11360175
UPDATED: 216 min ago
$975,000
  • 6
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Information

Elementary School:
Middle School:
School District:
299

Description

Check out this 3 unit multi-family property with a heated studio space above the garage. The main building features a duplex-up owners unit and 2 2 bedroom units. Plus a two car garage with an additional finished and heated studio space. Perfect for a private screening studio or a excusive office space. This income-producing property is perfect for an investor or owner-occupant. Recently painted, and well maintained, this building is steps from the Southport Corridor. Roughly 69k in annual income. Proforma annual income of $91k. This Property is part of a 5 building portfolio with a total of 19 units. The building can be purchased as a package or individually. Asking for the entire portfolio is $6,300,000. Properties included in portfolio are. 3828 n Sheffield (asking $1,400,000), 923 Fletcher (asking $950,000), 1508 w Henderson (asking $1,125,000), & 1503 & 1507 w Nelson (asking $1,850,000 & $975,000). Total Annual Income of $437,520 with a total proforma rent of $616,200. of More Pictures to come.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2022-05-19T23:59:08.03 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1507 W Nelson Street Chicago, IL 60657

  • Price: $975,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 216 min ago
  • MLS #: 11360175
6
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Chi - Lake View
County:
Cook
Area:
Chi - Lake View
Elementary School:
Burley Elementary School
Middle School:
Burley Elementary School
School District:
299
Property Description
Check out this 3 unit multi-family property with a heated studio space above the garage. The main building features a duplex-up owners unit and 2 2 bedroom units. Plus a two car garage with an additional finished and heated studio space. Perfect for a private screening studio or a excusive office space. This income-producing property is perfect for an investor or owner-occupant. Recently painted, and well maintained, this building is steps from the Southport Corridor. Roughly 69k in annual income. Proforma annual income of $91k. This Property is part of a 5 building portfolio with a total of 19 units. The building can be purchased as a package or individually. Asking for the entire portfolio is $6,300,000. Properties included in portfolio are. 3828 n Sheffield (asking $1,400,000), 923 Fletcher (asking $950,000), 1508 w Henderson (asking $1,125,000), & 1503 & 1507 w Nelson (asking $1,850,000 & $975,000). Total Annual Income of $437,520 with a total proforma rent of $616,200. of More Pictures to come.
Exterior Features

Exterior Building Type Vinyl SidingFrame Garage Details Garage Door Opener(S) Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Is Parking Included In Price Yes Lot Size Less Than .25 Acre Multi Family Type 3 Flat Parking Details Garage Waterfront YN No

Interior Features

Basement None Basement Bathrooms YN No Basement Details None Bathroom Double SinkSoaking Tub Bedrooms Below Grade 0 Bedrooms Total 6 Full Baths In Building 4 Half Baths In Building 0 Heating Natural GasForced Air Room Type Utility Room-2Nd Floor Rooms Total 6

Property Features

Additional Parcels YN No Age 100+ Years Built Before1978 YN Yes Community Features SidewalksStreet LightsStreet Paved Corporate Limits Chicago General Information School Bus ServiceCommuter BusInterstate Access Mls Actual Status Active New Construction YN No Other Equipment Ceiling Fan(S) Ownership Fee Simple Rebuilt YN No Rehab Year 2019 Sewer Public Sewer Special Listing Conditions List Broker Must Accompany Tax Annual Amount 18315.19 Tax Year 2020 Total Numberof Unitsin Building 4 Total Rental Income 64800 Township Lake View Type Two To Four Units Water Source Lake Michigan Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Onechicago.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2022-05-19T23:59:08.03 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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