$1,190,000
1228 W Wellington Avenue
Chicago, IL, 60657
Currently a profitable long-term rental, with possibility to increase rents above 6k/mo. Live as the owner in the duplex up and generate rental income from the garden unit, or build your dream home by deconverting the 2-flat into a generous 3 story single family on one of Chicago’s best blocks. Currently fully leased, this property can be delivered with tenants, if desired. This well-maintained Lakeview two-flat offers exceptional investment value with a proven track record of consistent rental income, featuring below-market rents with substantial room for growth. Located just 2 blocks from the Wellington Brown Line and minutes from Southport Corridor and Wrigleyville amenities, the property includes a spacious 3-bedroom duplex unit spanning two levels with open concept living, large windows, and two bathrooms; plus a great 2-bedroom ground-floor apartment with good natural light and in-unit laundry. The building showcases quality finishes throughout, including mahogany kitchen cabinets with burled oak inlays, glass tile backsplash, marble bathrooms with Jacuzzi tub, and desirable amenities like a two-car garage with extended pad for additional parking or potential outdoor deck expansion. Broker is related to owner. Do not disturb tenants.
Property Details
Price:
$1,190,000
MLS #:
MRD12311021
Status:
Active
Beds:
5
Baths:
3
Address:
1228 W Wellington Avenue
Type:
Multi Family
Neighborhood:
CHI – Lake View
City:
Chicago
Listed Date:
Apr 9, 2025
State:
IL
ZIP:
60657
Year Built:
1894
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air, Sep Heating Systems – 2+, Indv Controls
Exterior
Community Features
Curbs, Gated, Sidewalks, Street Lights, Street Paved
Construction Materials
Aluminum Siding
Parking Features
Garage Door Opener, Tandem, On Site, Garage Owned, Detached, Garage
Parking Spots
4
Roof
Asphalt
Financial
Tax Year
2022
Taxes
$21,095
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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1228 W Wellington Avenue
Chicago, IL
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