Recently Listed New Construction 2156 W Wellington Avenue
Chicago, IL, 60618 $ 1,500,000
Baths0.0 Monthly Estimate*
$ 10,478
Studio
for $1,500,000.
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 onsite 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 above 3rd level 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 river walk 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.
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FeaturesGeneralHeating 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 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 N
Street Name Wellington
Tax Annual Amount 28336
Additional Parcels Y/N Y
Days on Market 13
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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ExteriorTotal Parking 0
Lot Dimensions 8383.4
Road Surface Type Asphalt
Frontage Length 70
Frontage Type Public Road
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InteriorStreet Suffix Avenue
Laundry Features In Unit
Total Baths 0
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* Excluded FeaturesList Bywillisjcw43@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,478
- Monthly Property Taxes
- $2,361
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Chicago, IL
Average List Price $306,716
Percent of Sale Price 80%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Lake View High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/15/2024 | $1,500,000 | | Listed Price |