Price Reduction - Waterfront - New Construction
Address
2156 W Wellington Avenue, Chicago, IL
Price
$ 1,375,000
Property Attributes
- MLS#12015831
- TypeLand
- CountyCOOK
- CityChicago
- AreaCHI - North Center
- NeighborhoodRoscoe Village
- Zip60618
- StyleSingle Family
- Taxes$ 28336
- Price$ 1,375,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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 an 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 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 riverwalk 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.
| High School |
|---|
| Lake View High School |
| Price History | |
|---|---|
| 4/15/2024 | Listed $1,500,000 |
| 5/2/2024 | 9% - $1,375,000 |
General Features
| Heating | Natural Gas |
|---|---|
| Cooling | Central Air,Partial |
| Utilities | Electric to Site,Gas to Site,Sanitary Sewer,Water-Municipal |
| Possession | Closing |
| Tenant Pays | Electricity |
| Township | Lake View |
| Tax Year | 2022 |
| Current Use | Single Family |
| Percent Ownership | Fee Simple |
| County | Cook |
| Property Type | Land |
| Possible Use | Multi-Family,Single Family |
| Status | Active |
| Directions | 2154/2156/2158 W. Wellington at corner of Leavitt & Wellington |
| High School | Lake View High School |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - North Center |
| Waterfront Y/N | No |
| Street Name | Wellington |
| Tax Annual Amount | 28336 |
| Additional Parcels Y/N | Yes |
| Days on Market | 33 |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Land |
Interior Features
| Street Suffix | Avenue |
|---|---|
| Laundry Features | In Unit |
Exterior Features
| Lot Dimensions | 8383.4 |
|---|---|
| Road Surface Type | Asphalt |
| Frontage Length | 70 |
| Frontage Type | Public Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 60618
Price
Taxes
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