![A broker reciprocity listing](https://mrcooper-images.xometools.com/images/Common/brlogos/mred2.jpg)
$1,200,000
Calculate Payment
2156 W Wellington Avenue Chicago, IL 60618
Other
Residence
Beds
Baths
...
Bed/Bath
7,400
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 1992 as a meeting, office and recreational space, now converted to an... office-studio-residential type (work & living) space and currently rented at $8335/mo. 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. Current Gross Rent Income: $8335/mo. Coin Laundry adds additional $75/mo. Total Gross Income: $100,920/yr. Net Operating Income: $68,999. See additional information for Income & Expense Report. The current building is rented as a live/work space, with 11 bedrooms, 4 large baths, on a month-to-month type lease. This property offers future development opportunities such as 1) Adding an additional entire 2nd level to the existing structure and converting to 3 huge 3700 SQFT rental type units. 2) Redevelop as an all masonry 4-duplex unit 3-story new construction condo building with 38'-6" height allowance, as per plans included with the sale. The RT-3.5 zoning approved plan offers 4 new construction 2930-3000 SQFT condos, with a total of 11,718 SQFT finished interior space including all variances and 6-car parking garage.
Continue reading
MLS#
12075388
Property Type
Other
Year Built
1992
Square Feet
7,400
sq. ft
Receive an email as soon as the price changes
Receive an email
as soon as the price changes![price alerts icon](/images/recos/35012/icon-price-alerts.png)
Get Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Enter your work address to view actual drive times with traffic for this property.
![INRIX Drive Time logo](/images/common/inrix/inrix_logo.png)
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Kickstart your home search journey with our online Pre-Approval.
Nearby Homes For Sale
Just Listed
And
Homes Available
In
![megaphone icon](/images/recos/35012/icon-megaphone.png)
See How Much You Could Save
Thinking about buying or selling? Talk to one of our Mortgage Professionals today to see how much you could save on your next home. Call us at 833-981-2030.