1511 W Nelson Street
Chicago, IL 60657

Status: Sold
Multi Family
10 beds
0 baths
0 sq.ft
Listing Price: $1,275,000
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About this home

Located in the desirable Lakeview area of Chicago. This unique property includes a two-unit main house plus a rear coach house. The main house features a 4-bedroom, 2-bathroom duplex and a 2-bedroom, 2-bathroom unit on the top floor, both with high-end finishes like hardwood floors, granite countertops, and stainless steel appliances. Each unit has its own HVAC system, and there's shared common laundry. The separate coach house offers 4 bedrooms, 3 bathrooms, and the convenience of in-unit laundry, plus granite countertops and stainless steel appliances. Recent updates include a new roof on the main house (2019), a new furnace in the coach house (March 2022), new plumbing and windows (2024 for plumbing, various dates for windows), and updated appliances and renovations throughout, including remodeled bathrooms and new flooring in select areas.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1894
Exterior Building Type Frame
Parking None
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Lake View
Corporate Limits Chicago
Directions North on N Ashland and East on W Neslon
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Lake View
Interior Features
Basement Description Finished
Basement Bathrooms No
Basement Full
Bedrooms Count 10
Bedrooms Possible 10
Baths Count 7
Full Baths in Building Count 7
Total Rooms 19
Units
unit 1
Beds Total 4
Baths Total 2
Actual Rent 3650
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Disposal, Central Air Conditioner, Hardwood Floors
Full Baths Total 2
Lease Expiration Date 6/24
Rooms Total 9
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 2
Actual Rent 2150
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Disposal, Central Air Conditioner, Hardwood Floors
Full Baths Total 2
Lease Expiration Date 7/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 4
Baths Total 3
Actual Rent 3999
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Hardwood Floors
Full Baths Total 3
Lease Expiration Date 6/24
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number C
Property / Lot Details
Lot Dimensions 25' X 125'
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat, Coach House
Number Of Units in Building 3
Property Type Two to Four Units

Financials

ElectricExpense 435
Electric Expense Source Actual
Financing Cash
Fuel Expense Source Combination
Insurance Expense $2,216
Insurance Expense Source Actual
Janitor Expense $1,200
MaintenanceExpense 1500
Rental Income 117,588
Investment Profile Residential Income
Water Expense $2,857

Tax/Assessments/Liens

Multiple Pin Numbers Yes
PIN 14291120560000
Special Assessments N
Taxes $25,207
Tax Year 2022
$1,275,000 Listing Price:
MLS # 12012697
Investment Profile Residential Income
Listing Market Time 51 days
Basement Full
Type Unit 3 Flat, Coach House
Number of Units in Building 3
Parking None
List Date 04/01/2024
Year Built 1894
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