1228 W Wellington Avenue new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60657
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12311021
Bedrooms 5
Year Built 1894
Annual Tax Amount $21,095
Tax Year 2022
Lot Size 3,049 Sqft
Lot Dimensions 25 X 125
Property Sub-Type Two to Four Units
Property Description
Currently a profitable long-term rental, with possibility to increase rents above 6k/mo. Live as the owner in the duplex up and generate rental income from the garden unit, or build your dream home by deconverting the 2-flat into a generous 3 story single family on one of Chicago's best blocks. Currently fully leased, this property can be delivered with tenants, if desired. This well-maintained Lakeview two-flat offers exceptional investment value with a proven track record of consistent rental income, featuring below-market rents with substantial room for growth. Located just 2 blocks from the Wellington Brown Line and minutes from Southport Corridor and Wrigleyville amenities, the property includes a spacious 3-bedroom duplex unit spanning two levels with open concept living, large windows, and two bathrooms; plus a great 2-bedroom ground-floor apartment with good natural light and in-unit laundry. The building showcases quality finishes throughout, including mahogany kitchen cabinets with burled oak inlays, glass tile backsplash, marble bathrooms with Jacuzzi tub, and desirable amenities like a two-car garage with extended pad for additional parking or potential outdoor deck expansion. Broker is related to owner. Do not disturb tenants.
Location
State IL
County Cook
Community Curbs,Gated,Sidewalks,Street Lights,Street Paved
Zoning SINGL
Rooms
Basement Finished,Full,Daylight
Interior
Heating Natural Gas,Forced Air,Sep Heating Systems - 2+,Indv Controls
Fireplace N
Exterior
Garage Spaces 4.0
View Y/N true
Roof Type Asphalt
Building
Sewer Public Sewer
Water Lake Michigan,Public
Structure Type Aluminum Siding
New Construction false
Schools
School District 299,299,299
Others
Ownership Fee Simple
Special Listing Condition None