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1503 W Nelson Street

Chicago, IL 60657
  • $1,900,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 11257851
UPDATED: 55 min ago
$1,900,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Turn-key 6 unit in prime Lakeview location with rentable bonus space. Approx $148k in gross income! 3 story frame building w/front & rear units. Three 1 bed 1 ba, two 2 bed 1 ba, & two 3 bed 2 ba duplex units. 2 tandem pkg spots. Units feature hdwd flrs & central heat & a/c. Easy to rent - all units currently occupied! Coin Laundry. Roughly $148k in annual income. Proforma annual income of $182k. 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 $6,650,000. Properties included in portfolio are. 3828 n Sheffield, 923 Fletcher (asking $1,050,000), 1508 w Henderson (asking $1,200,000), & 1503 & 1507 w Nelson (asking $1,900,000 & $1,000,000). Total Annual Income of $489,360 with a total proforma rent of $616,200. of More Pictures to come.

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© 2021 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 Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-29T19:00:34.413 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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1503 W Nelson Street Chicago, IL 60657

  • Price: $1,900,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 55 min ago
  • MLS #: 11257851
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Chi - Lake View
County:
Cook
Area:
Chi - Lake View
Property Description
Turn-key 6 unit in prime Lakeview location with rentable bonus space. Approx $148k in gross income! 3 story frame building w/front & rear units. Three 1 bed 1 ba, two 2 bed 1 ba, & two 3 bed 2 ba duplex units. 2 tandem pkg spots. Units feature hdwd flrs & central heat & a/c. Easy to rent - all units currently occupied! Coin Laundry. Roughly $148k in annual income. Proforma annual income of $182k. 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 $6,650,000. Properties included in portfolio are. 3828 n Sheffield, 923 Fletcher (asking $1,050,000), 1508 w Henderson (asking $1,200,000), & 1503 & 1507 w Nelson (asking $1,900,000 & $1,000,000). Total Annual Income of $489,360 with a total proforma rent of $616,200. of More Pictures to come.
Exterior Features

Exterior Building Type BrickFrame Outdoor Parking 1-5 Spaces Parking Total 4

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Current Use Multi-Family Gross Income 148050 Gross Scheduled Income 150000 Insurance Expense 4606 Maintenance Expense 4077 Net Operating Income 125198 Operating Expense 42333 Tax Annual Amount 27428 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 12335 Township North Chicago Type Multi Family 5+ Zoning Other

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Onechicago.


© 2021 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 Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-29T19:00:34.413 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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Keller Williams Realty
2401 East Empire
Bloomington IL, 61704