Homes for sale - 1228 W Wellington AVE, Chicago, IL 60657

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Cecil Sabu

csabu@allure.realestate +1(312) 772-2820

$ 1,190,000

Est. payment | -/mo

5 Beds

3 Baths

3,049 Sqft Lot

Save

$ 1,190,000

Est. payment | -/mo

Save

5 Beds

3 Baths

3,049 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

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

Area Chi - Lake View

Zoning SINGL

Rooms

Basement Finished, Full, Daylight

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls

Equipment CO Detectors, Ceiling Fan(s)

Fireplace N

Exterior

Garage Spaces 4.0

Community Features Curbs, Gated, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Aluminum Siding, No

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

Listed by Eli Gratz • eXp Realty, LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 772-2820

csabu@allure.realestate

1941 N Elston Ave, Chicago, IL, 60642, USA

1228 W Wellington AVE Chicago, IL 60657