2156 W Wellington Avenue, Chicago, IL 60618

Prime Roscoe Village location corner lot with existing commercial construction all masonry 2 level building with 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 a work/living space and previously rented at $8335/mo. to a single tenant who payed gas, electric, and for 8 car parking in the rear as of 6/30/24. This premium sunny corner property boasts 3 lots with 3 separate pin numbers [70' X 120'] measuring 8383.4 in total land SQFT. 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 building has 11 bedrooms, 4 large baths, and 2 full kitchens. 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.