2156 W Wellington Avenue

Chicago, Illinois 60618

Active / MLS #12015831 / Vacant Land / North Center

Listing information updated 4/28/2024 at 2:03pm

DEVELOPER ALERT! --PLANS INCLUDED!-- Prime Roscoe Village location on a [70' X 120'] corner lot with recent City of Chicago Zoning approved plans for a New Construction, 4-duplex unit, 3-story residential building, with two 3-car garages off the 16' rear alley. The plan allows for (4) 2930 sqft units (inclusive of lower levels), with both above garage and above 3rd floor penthouse roof decks. Re-zoned to RT-3.5 with plans, a FAR of 1.05, a 3 story building height of 38'-6" plus parapet & walkout 'dog house' rooftop deck access. The plan highlights include, generous front and side yard setbacks, unobstructed natural light on all sides, room for onsite outdoor kids play area, and private dog run. Interior features four 4 bedroom, 2 full and 2 half bath units, each with large open combination living, dining, recreation layouts and huge 23' x 22' covered rear private deck spaces. Additionally, each unit would have its own above garage or above 3rd level private rooftop deck space. SEE ADDITIONAL DOCUMENTS FOR PLAN details. Option 2: Redevelop 2 or 3 new SFH's on the 3 separate lots. Hamlin Park, is less than 2 blocks east, with tennis & basketball courts, baseball diamonds, a dog run, and outdoor pool making this an owners dream location. Additionally, the Roscoe Village Riverfront expansion with recently added boat launch, and river walk coming soon makes this spot even more appealing. At present there is an existing 1-story structure on the site, currently rented as a live/work space, with 11 bedrooms, 4 large baths, long term punctual tenants on a month-to-month lease, paying $8130/mo. plus utilities with an annual NOI: $65,639. Rent is set to increase to $8335/mo on 6/1/24.

Full Features

Heating System:

Natural Gas

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

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 4/28/2024 at 2:03pm. 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.

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2156 W Wellington Avenue is a vacant land currently listed at $1,500,000. This vacant land has been listed on @properties since April 15th, 2024. Nearby schools include Lake View High School. The nearest transit stops include Paulina CTA Brown line.