On Market 1511 W. Nelson St. ,
Chicago , IL

1511 W. Nelson St.

Neighborhood

Lakeview

Number of Units

3

Price

$1,275,000

Highlights

  • Unit mix (1) 4Bd/2Ba-DD, (1) 2Bd/Ba, Coach House 4Bd/3Ba
  • Individual HVACs, tenants pay utilities
  • Rents 10-15% below market
  • Prime Location
  • Owner Occupant potential

Description

This property at 1511 W Nelson St, nestled in the highly sought-after Lakeview neighborhood of Chicago, presents a compelling investment opportunity. It comprises a two-unit front house alongside a rear coach house, delivering a diverse mix of residential units. The front building features a duplex down with 4 bedrooms and 2 bathrooms, and a top-floor unit housing 2 bedrooms and 2 bathrooms. Each apartment within this structure boasts high-quality finishes including hardwood floors, granite countertops, and stainless steel appliances, coupled with the convenience of separate HVAC systems.

The front building additionally offers shared laundry facilities, enhancing the communal living experience. The coach house, a distinct entity, provides a spacious living area with 4 bedrooms and 3 bathrooms, further elevated by the luxury of in-unit laundry, offering an added layer of privacy and convenience.

Lakeview, the neighborhood housing this property, is renowned for its vibrant community, an eclectic mix of dining, entertainment, and shopping options, alongside tranquil residential streets. Its proximity to multiple CTA stations ensures seamless connectivity to downtown Chicago and beyond, making it a prime location for residents seeking a blend of suburban tranquility and urban accessibility. This property’s location within Lakeview not only promises a high quality of life but also signifies a strong investment potential due to the area’s continuous appeal and growing demand.

Listed By: Ryan Blake