Seller's Agent in 2023
Julie Cassin
@ Properties
(312) 505-5823
5 in this area
102 Total Sales
1503 W Nelson St Chicago, IL 60657
Southport Corridor Neighborhood
15
Beds
9
Baths
5,876
Sq Ft
1900
Built
About This Home
As of April 20237-unit multi-family in prime Lakeview location with rentable bonus space. This three story frame building consists of front & rear units with (3) 1Bd/1Ba, (2) 2Bd/1Ba, & (2) 3Bd/ 2Ba duplex units. Units feature hdwd flrs, central heat, & a/c. Coin Laundry and exterior parking. Roughly $153k in annual income. Unique opportunity to buy the neighboring building (1507 W Nelson) for more scale.
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475168954 Listed on: 07/05/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,427
Year Built
- Built in 1900
Bedrooms and Bathrooms
- 15 Bedrooms
- 9 Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Additional Features
- 3-Story Property
- Lot Dimensions are 25x125
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $900
- Fuel Expense $1,450
- Insurance Expense $3,958
- Maintenance Expense $2,100
- Water Sewer Expense $1,947
- Operating Expense $51,355
- Gross Income $153,720
- Net Operating Income $93,193
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/17/2023 04/17/23 | Sold | $1,640,000 | +3.5% | $279 / Sq Ft | |
| 11/04/2022 11/04/22 | Pending | -- | -- | -- | |
| 08/24/2022 08/24/22 | Price Changed | $1,585,000 | -5.9% | $270 / Sq Ft | |
| 07/05/2022 07/05/22 | For Sale | $1,685,000 | +40.4% | $287 / Sq Ft | |
| 07/14/2015 07/14/15 | Sold | $1,200,000 | -14.3% | -- | View Prior Sale |
| 05/13/2015 05/13/15 | Pending | -- | -- | -- | |
| 04/20/2015 04/20/15 | For Sale | $1,400,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $28,273 | $164,000 | $57,660 | $106,340 |
| 2024 | $28,273 | $164,000 | $57,660 | $106,340 |
| 2023 | $27,561 | $134,000 | $46,500 | $87,500 |
| 2022 | $27,561 | $134,000 | $46,500 | $87,500 |
| 2021 | $26,946 | $134,000 | $46,500 | $87,500 |
| 2020 | $27,428 | $123,121 | $18,600 | $104,521 |
| 2019 | $27,485 | $136,802 | $18,600 | $118,202 |
| 2018 | $27,023 | $136,802 | $18,600 | $118,202 |
| 2017 | $24,007 | $111,522 | $16,740 | $94,782 |
| 2016 | $22,337 | $111,522 | $16,740 | $94,782 |
| 2015 | $20,436 | $111,522 | $16,740 | $94,782 |
| 2014 | $16,455 | $88,686 | $13,640 | $75,046 |
| 2013 | $16,130 | $88,686 | $13,640 | $75,046 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Cassin
-
Madeline Devlin
M
Seller Co-Listing Agent in 2023
Madeline Devlin
@ Properties
(260) 450-8582
4 in this area
40 Total Sales
-
Liliana DeLeon
Buyer's Agent in 2023
Liliana DeLeon
Chicagoland Brokers, Inc.
(773) 406-8553
2 in this area
18 Total Sales
-
Brett Huelat
Seller's Agent in 2015
Brett Huelat
CL3 Property Management
(773) 636-4839
1 in this area
104 Total Sales
-
R
Seller Co-Listing Agent in 2015
Ryan Brisch
@ Properties
-
Dave Nimick
Buyer's Agent in 2015
Dave Nimick
Keller Williams Thrive
(773) 620-4444
1 in this area
77 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11454619
APN: 14291120270000
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