1138 W WELLINGTON Avenue
Chicago, IL, 60657
$2,175,000
12 Beds
8 Baths
0 SqFt
0 Acres
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$2,175,000
1138 W WELLINGTON Avenue
Chicago, IL, 60657
MLS #MRD12288970 img 0
This property is a 4-unit investment opportunity in the heart of Chicago’s Lakeview Neighborhood. The building is comprised of four duplex units, with each being 3 bedroom, 2 bathroom. The entire property was fully renovated, with modernized floor plans, mechanicals, in-unit laundry, kitchens and bathrooms. The property also features a private landscaped courtyard between the front building and rear coach house. The property is located in the heart of Lakeview, on Wellington Avenue in between Racine & Sheffield. This property offers an investor the opportunity to enjoy a fully stabilized multi-unit investment property with the valuable addition of a highly active, professionally managed, fully licensed and furnished, short term rental unit, with 10 person occupancy. New ownership will step into an exceptionally-located building ripe for appreciation. All furnishings within the active AirBnb can be transferred at sale. Owners are licensed Illinois Brokers.

Property Details

Price:
$2,175,000
MLS #:
MRD12288970
Status:
Active
Beds:
12
Baths:
8
Address:
1138 W WELLINGTON Avenue
Type:
Multi Family
Neighborhood:
CHI – Lake View
City:
Chicago
Listed Date:
Mar 2, 2025
State:
IL
ZIP:
60657
Year Built:
1891

Schools

School District:
299
Elementary School:
Agassiz Elementary School
High School:
Lincoln Park High School

Interior

Heating
Natural Gas, Forced Air, Indv Controls

Exterior

Community Features
Curbs, Sidewalks, Street Lights, Street Paved
Roof
Asphalt

Financial

Net Operating Income
$150,431
Tax Year
2023
Taxes
$15,824
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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1138 W WELLINGTON Avenue
Chicago, IL