Active

$1,500,000

Favorite

beds

baths

3,700

square ft

2156 W Wellington Avenue

Chicago, Illinois 60618

Active / MLS #11996824 / Single Family / North Center

Listing information updated 4/21/2024 at 12:23am

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.

Full Features

Exterior Type:

Block

Basement:

Finished

Beds Above Grade:

Cooling System:

Central Air, Partial

Heating System:

Natural Gas

Main Level Primary Bedroom:

Yes

Pool:

Age:

31-40 Years

Parking Type:

Space/s

Room Count:

Water Front:

Square Feet:

3,700

Lot Size:

Less Than .25 Acre

Room Information

Living Room:

45x40 - Main

Dining Room:

combo - Main

Kitchen:

10x20 - Main

Family Room:

40x45 - Lower

Primary Bedroom:

14x14 - Main Level

2nd Bedroom:

13x13 - Main

3rd Bedroom:

13x12 - Main

4th Bedroom:

13x12 - Main

Kitchen- 2nd:

11x20 - Lower Level

Bar/Entertainment:

15x15 - Lower Level

Bedroom 5:

10x12 - Main Level

Bedroom 6:

10x12 - Main Level

Bedroom 7:

10x12 - Lower Level

Taxes & Assessments

Tax Amount:

$28,336

Tax Year:

2022

Location

Zip Code:

60618

City:

Chicago

County:

Cook

Schools

School District(s):

299

Elementary School:

N/A

Middle School:

N/A

High School:

Lake View High School

Listing Office: Kale Realty

Listing Office Phone: 312.939.5253

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 4/21/2024 at 12:23am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

New Listings in North Center, IL

Recently Sold Homes in North Center, IL

Popular Neighborhoods near North Center, IL

2156 W Wellington Avenue is a single family home currently listed at $1,500,000. 2156 W Wellington Avenue features 11 Beds, 4 Baths. This single family home has been listed on @properties since April 15th, 2024 and was built in 1992. Nearby schools include Lake View High School. The nearest transit stops include Paulina CTA Brown line.