Based on the mechanism of steel slit wall, a simplified elasto plastic analytical model which allows for nonlinear dynamic and static analysis was proposed. The parameters of simplified model related to configuration and nonlinear behavior were defined. In order to validate the simplified model, the pushover analysis of steel slit wall and a frame with steel slit wall were conducted. The results show that the load displacement curves obtained from simplified models, experiments and FEM are similar. The proposed model can fully represent the mechanism of steel slit wall, and it can correctly predict the internal forces and deformations of each member in the model.