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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.
Address |
2156 W WELLINGTON
Chicago, IL 60618 |
Listing Status | Price Change |
Asking Price | $1,375,000 |
Original Listing | $1,500,000 @ |
Property Type | Fee Simple |
Asssessment | N/A |
Square Footage | Not Disclosed |
Bedrooms | 11 |
Full Bathrooms | 4 |
Directions | 2154/2156/2158 W. Wellington at corner of Leavitt & Wellington |
Neighborhood | North Center |
School District | Not Listed |
County | Cook |
Tax PIN | 14301100370000 |
Property Tax | $28,336 for the year 2022 |
Year Built | 1992 |
Laundry Location | |
Elevator | Not Listed |
Cooling | Central Air, Partial |
Heating | Natural Gas |
Sewer/Septic | Public Sewer |
Fireplaces | Not Listed |
Additional Parcels | No |
Additional Parcels Description | 14301100390000, 14301100370000 |
Association Fee Frequency | Not Applicable |
Basement | Full |
Electric | Circuit Breakers, 200+ Amp Service, Service - 400 Amp or Greater |
High School District | 299 |
Living Area Source | Estimated |
New Construction | No |
Platform | MRED |
AOR | |
MLS Number | MRD11996824 |
Courtesy of | Kale Realty |
https://www.chicagotopcondos.com/MRD11996824
Style | Detached Single |
Material | Not Listed |
Lot Size | 8383.4 |
Fencing | Not Listed |
Topography | Not Listed |
Swimming Pool | Not Listed |
Parking |
Total Spaces: 8
Garage Spaces:
Non-Garage Spaces:
0 -
|
View | Not Listed |