Price Reduction - Primary on Main
Address
2156 W Wellington Avenue, Chicago, IL
Price
$ 1,375,000
Property Attributes
- MLS#11996824
- TypeSingle Family
- CountyCOOK
- CityChicago
- AreaCHI - North Center
- NeighborhoodRoscoe Village
- Zip60618
- Style
- Year Built1992
- Taxes$ 28336
- Price$ 1,375,000
- Bedrooms11
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3700
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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.
| High School |
|---|
| Lake View High School |
| Price History | |
|---|---|
| 4/15/2024 | Listed $1,500,000 |
| 5/2/2024 | 9% - $1,375,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Cooling | Central Air,Partial |
| Possession | Closing |
| Association Fee Includes | None |
| Year Built | 1992 |
| Electric | Circuit Breakers,200+ Amp Service,Service - 400 Amp or Greater |
| Township | Lake View |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Assoc Fee Paid Per | Not Applicable |
| County | Cook |
| New Construction | No |
| Property Type | Residential |
| Total Rooms | 16 |
| 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 | 24 |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Detached Single |
Interior Features
| Basement | Full |
|---|---|
| Full Baths | 4 |
| Street Suffix | Avenue |
| Total Bedrooms | 11 |
| Room Type | Kitchen,Bedroom 5,Bedroom 6,Bedroom 7,Bedroom 8,Bedroom 9,Bedroom 10,Bedroom 11 |
| LivingAreaSource | Estimated |
| Total Baths | 4 |
| Bedrooms Possible | 11 |
| Basement | Finished |
Exterior Features
| Water Source | Lake Michigan |
|---|---|
| Total Parking | 8 |
| Lot Dimensions | 8383.4 |
| Exterior | Block |
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 Single Family Average in 60618
Price
Taxes
Visits
Year Built
