HOT LAKE VIEW 3 FLAT + 3 FLOOR COACH HOUSE | 2 INCOME-PRODUCING PROPERTIES | LIVE-IN & RENT | Envision the possibilities, and bring your best offer! Welcome to an exceptional rare investment opportunity in the heart of Chicago's highly desirable Lake View neighborhood. This Victorian 3 Flat with a rare 3 levels of living space Coach house is offering four income-producing units, these 2 properties present the kind of versatility that sophisticated investors and owner-occupants look for. Whether your vision is to maximize rental income, live in one residence while generating income from the others, or hold a multi-unit asset in a premier Chicago location, this property provides a range of possibilities. Beyond the income potential, the location is a true standout. Enjoy the best of Lake View living with an abundance of restaurants, cafes, shopping, entertainment, parks, neighborhood amenities, and convenient transportation just moments away. It is a location that continues to attract residents who want the energy of the city while enjoying the character and community of a sought-after neighborhood. 4 units total, that includes the 3 flat and a separate Coach house. 2 amazing properties. An outstanding Chicago Lakeview location. Multiple strategies. One exceptional opportunity. Properties offering this combination of income potential, flexibility, and location are not often available. Whether you're an experienced investor or seeking a property with income-producing potential, this unique opportunity is ready for your vision and investment strategy. Come experience the property and explore the possibilities firsthand. Seller intends to review offers following the weekend, with a target of Thursday for highest and best. This is the Lake View opportunity you've been waiting for. Come see it, bring your vision, and make it yours. Serious inquiries only!
Multi-familyProperty Type
1893Year Built
3,125 sq ftLot Size
Listed by Denise Marron• Berkshire Hathaway HomeServices Chicago
Lake View, located between Lake Michigan and the North Branch of the Chicago River, is a lakeside and entertainment Chicago neighborhood with historic greystones and a shoreline park system. The neighborhood’s character concentrates around Clark Street near Wrigley Field, where sports bars, indie boutiques, and late-night eateries keep the sidewalks in motion. Brick two-flats and courtyard buildings line leafy side streets, while newer mid-rises cluster near transit corridors. Belmont Harbor and the Lakefront Trail set a daily rhythm of sailboats, runners, and skyline views. Landmark venues like Wrigley Field, the Music Box Theatre, and the Athenaeum Center anchor local culture.
Provided by Walk Score and Local Logic
Offer insights
1529 W Nelson St · $1,750,000
$1.77M and above
75% chance or better to win
Why $1.77M+ is a strong offer
DAYS ON MARKET
17 days
The average home goes pending in 67 days.
SALE-TO-LIST
99.3%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
26 total rooms
Finished basement with full walk-out and exterior entry
Humidifier
Cable TV hookup, Intercom, Ceiling fans
Bedrooms
10 bedrooms total
Multiple units include 3-bed, 2-bed, 1-bed and 4-bed configurations
Bathrooms
5 full bathrooms
Soaking tub(s)
Kitchen
Stove
Refrigerator
Dishwasher
Laundry & utility
Washer and dryer included in two units
Laundry hook-ups in one unit
Flooring
Hardwood floors in several units
Skylights/windows in one unit
Heating & cooling
Natural gas heating
Central air conditioning in multiple units
Exterior features
Deck
Balcony
Partial fencing
Home design
Two- to four-unit building
Fee simple ownership
Rehab completed in 1992
100+ years old
Not a conversion
Construction
Vinyl siding over frame construction
Asphalt roof
Block and concrete perimeter foundation
Utilities
Water from Lake Michigan
Public sewer
HOA & community
Street lights, curbs, sidewalks, paved streets
Financial info
Gross annual income reported at $131,000
Other
Four-unit building
Standard Chicago lot (25 x 125)
Owner-projected water/sewer expense
Electricity and solar
View estimated energy costs and solar savings for this home
Residential Two-Flat, Townhouse and Multi-Unit District
The primary purpose of the RT districts is to accommodate detached houses, two-flats, townhouses and low-density, multi-unit residential buildings at a density and building scale that is compatible with RS districts. The districts are intended to be applied in area characterized by a mix of housing types. The districts are also intended to provide a gradual transition between RS districts and higher density RM districts. The RT districts are differentiated primarily on the basis of allowed density (minimum lot area per unit) and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Multiple units
Housing-Senior
Housing-Other
Educational/school
Fire house
Library
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60657
Average low and high temperatures (°F)
30
17
38
25
54
35
60
44
66
50
80
64
85
71
81
67
77
62
67
52
51
40
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
10.3 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1529 W Nelson St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $1,265,000 and $2,010,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.3M to $2.0M.