There are multiple listings for this address:
$1,375,000
2156 W Wellington Avenue
Chicago, IL, 60618
Prime Roscoe Village location corner lot with existing commercial construction all masonry 2 level building, a total of 7400 sqft finished living space (3700 above grade/3700 below grade). Built by Novak Construction, completed in 1993 as a meeting, office and recreational space, now converted to a residential type (work/living) space and currently rented to a single tenant who pays gas, electric, and for 8 car parking in the rear. This premium sunny corner property boasts 3 lots with 3 separate pin numbers [70′ X 120′] measuring 8383.4 in total land SQFT. This site is ideal for a future development opportunity now offering three separate redevelopment options: 1) Adding an additional entire 2nd level to existing structure and converting to 3 huge 3700 sqft rental type units. 2) Tear down existing structure, develop 3 new SFH’s on the 3 separate lots. 3) Redevelop as an all masonry 4-duplex unit 3-story new construction (38′-6″ height allowance), as per plans included with the sale. The RT-3.5 Re-Zoning Amendment has been completed with an approved plan offering 4 new construction 2930 sqft condos, with a total of 11,718 sqft finished interior space including all variances and 6-car parking garage. SEE ADDITIOINAL DOCUMENTS FOR PLANS. The current building is rented as a live/work space, with 11 bedrooms, 4 large baths, long term terrific tenants on a month-to-month type lease, paying $8130/mo. Annual NOI: $65,639. Rent is set to increase to $8335/mo on 6/1/24.
Property Details
Price:
$1,375,000
MLS #:
MRD11996824
Status:
Active
Beds:
11
Baths:
4
Address:
2156 W Wellington Avenue
Type:
Single Family
City:
Chicago
Listed Date:
Apr 15, 2024
State:
IL
Finished Sq Ft:
3,700
ZIP:
60618
Year Built:
1992
Schools
School District:
299
High School:
Lake View High School
Interior
Bathrooms
4 Full Bathrooms
Cooling
Central Air, Partial
Heating
Natural Gas
Exterior
Parking Spots
8
Financial
Buyer Agent Compensation
2.0% -$495% of Net Sale Price
HOA Frequency
Not Applicable
HOA Includes
None
Tax Year
2022
Taxes
$28,336
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
Map
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Courtesy of Kale Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
2156 W Wellington Avenue
Chicago, IL
$1,375,000
2156 W Wellington Avenue
Chicago, IL, 60618
Prime Roscoe Village location corner lot with existing commercial construction all masonry 2 level building, a total of 7400 sqft finished living space (3700 above grade/3700 below grade). Built by Novak Construction, completed in 1993 as a meeting, office and recreational space, now converted to a residential type (work/living) space and currently rented to a single tenant who pays gas, electric, and for 8 car parking in the rear. This premium sunny corner property boasts 3 lots with 3 separate pin numbers [70′ X 120′] measuring 8383.4 in total land SQFT. This site is ideal for a future development opportunity now offering three separate redevelopment options: 1) Adding an additional entire 2nd level to existing structure and converting to 3 huge 3700 sqft rental type units. 2) Tear down existing structure, develop 3 new SFH’s on the 3 separate lots. 3) Redevelop as an all masonry 4-duplex unit 3-story new construction (38′-6″ height allowance), as per plans included with the sale. The RT-3.5 Re-Zoning Amendment has been completed with an approved plan offering 4 new construction 2930 sqft condos, with a total of 11,718 sqft finished interior space including all variances and 6-car parking garage. SEE ADDITIOINAL DOCUMENTS FOR PLANS. The current building is rented as a live/work space, with 11 bedrooms, 4 large baths, long term terrific tenants on a month-to-month type lease, paying $8130/mo. Annual NOI: $65,639. Rent is set to increase to $8335/mo on 6/1/24.
Property Details
Price:
$1,375,000
MLS #:
MRD12015831
Status:
Active
Beds:
0
Baths:
0
Address:
2156 W Wellington Avenue
Type:
Land
City:
Chicago
Listed Date:
Apr 15, 2024
State:
IL
ZIP:
60618
Year Built:
1992
Schools
School District:
299
High School:
Lake View High School
Interior
Bathrooms
4 Full Bathrooms
Cooling
Central Air, Partial
Heating
Natural Gas
Exterior
Parking Spots
8
Financial
Buyer Agent Compensation
2.0% -$495% of Net Sale Price
HOA Frequency
Not Applicable
HOA Includes
None
Tax Year
2022
Taxes
$28,336
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
Map
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