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7-Unit Apartment Building
For Sale
Contact for pricing
Pending

1503 W Nelson St, Chicago, IL 60657

Three-story frame property with hardwood floors, central HVAC, coin laundry, and exterior parking.

Property SizeContact for details
Days on Market142

Property Features for 1503 W Nelson St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: @properties
Listed By: Julie Cassin · License #IL
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 3:52PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties

Investment Insights

Based on property information with market context.

This three-story frame apartment property contains seven units arranged across front and rear portions of the building. The unit mix includes three 1-bedroom, 1-bath residences, two 2-bedroom, 1-bath residences, and two 3-bedroom, 2-bath duplex units. Interior features include hardwood flooring, central heat, and air conditioning. A coin-operated laundry area and exterior parking add practical amenities for the residential configuration.

The property is located at 1503 W Nelson St in Chicago’s Lakeview area. Its apartment layout and range of bedroom configurations provide a varied residential offering within a single multifamily building.

Key Highlights

  • Seven‑unit multifamily building with a three‑story frame construction
  • Unit mix includes 3 1Bd/1Ba, 2 2Bd/1Ba, and 2 3Bd/2Ba duplex units
  • Hardwood floors throughout the units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Butcher Fish Market Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,997
Businesses Nearby

Demographics for 60657, IL

72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story frame property with hardwood floors, central HVAC, coin laundry, and exterior parking.
Where is this apartment building located?
The property is located at 1503 W Nelson St Chicago, IL.
What are key features of this property?
This property features: Seven‑unit multifamily building with a three‑story frame construction; Unit mix includes 3 1Bd/1Ba, 2 2Bd/1Ba, and 2 3Bd/2Ba duplex units; Hardwood floors throughout the units
More about this property
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