For Sale: 2156 W WELLINGTON, Chicago, IL 60618. 11-bedroom 4-bath, 1992 North Center $1,375,000 begin new search
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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 Active
Asking Price $1,375,000
Original Listing $1,500,000 @
Property Type Fee Simple
Asssessment N/A
Kitchen, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 9, Bedroom 10, Bedroom 11
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
Public Records
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
Monthly Payment Calculator
Listing Source
Platform MRED
MLS Number MRD11996824
Courtesy of Kale Realty
Style Detached Single
Material Not Listed
Lot Size 8383.4
Fencing Not Listed
Topography Not Listed
Swimming Pool Not Listed
Total Spaces: 8
Garage Spaces:
Non-Garage Spaces: 0 -
View Not Listed