Thank you
John Willis
Kale Realty
312-939-5253
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 1993 as a meeting, office and recreational space, now converted to a residential type (work/living) space and currently rented 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. This site is ideal for a future development opportunity now offering three separate redevelopment options: 1) Adding an additional entire 2nd level to existing structure and converting to 3 huge 3700 sqft rental type units. 2) Tear down existing structure, develop 3 new SFH's on the 3 separate lots. 3) Redevelop as an all masonry 4-duplex unit 3-story new construction (38'-6" height allowance), as per plans included with the sale. The RT-3.5 Re-Zoning Amendment has been completed with an approved plan offering 4 new construction 2930 sqft condos, with a total of 11,718 sqft finished interior space including all variances and 6-car parking garage. SEE ADDITIOINAL DOCUMENTS FOR PLANS. The current building is rented as a live/work space, with 11 bedrooms, 4 large baths, long term terrific tenants on a month-to-month type lease, paying $8130/mo. Annual NOI: $65,639. Rent is set to increase to $8335/mo on 6/1/24.
Total Bedroom: 11
Room Types: Kitchen, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 9, Bedroom 10, Bedroom 11
Total Baths: 4
Full Baths: 4
Rooms Total: 16
Heating: Natural Gas
Cooling: Central Air, Partial
WaterSource: Lake Michigan
Year Built: 1992
Lot Dimensions: 8383.4
Lot Size: Less Than .25 Acre
Property Type: Residential
Sub Type: Detached Single
Type Detached: 1.5 Story
Original List Price: $1500000
Annual Tax: $28336
Tax Year: 2022
Parcel Number: 14301100370000
Total Parking: 8
Parking: Space/s
Is Parking Included in Price: Yes
Included Fees: None
Senior High School: Lake View High School
Sewer: Public Sewer
Water Source: Lake Michigan
City: Chicago
Direction: 2154/2156/2158 W. Wellington at corner of Leavitt & Wellington
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2844 W Addison Street #P1, Chicago, IL,60618 | $25,000 | -- | -- | -- | -- |
4248 N Sawyer Avenue, Chicago, IL,60618 | $689,000 | 3 | 3 | -- | 0.0861 Acre |
4309 N Damen Avenue #G, Chicago, IL,60618 | $159,900 | -- | 1 | 456 | -- |
2335 W Belle Plaine Ave.., Chicago, IL,60618 | $229,900 | 1 | 1 | 920 | -- |
3913 N Richmond Street, Chicago, IL,60618 | $849,999 | 3 | 4 | 3,600 | 0.0861 Acre |
3621 W Belmont Avenue #2, Chicago, IL,60618 | $495,000 | 3 | 2 | 1,800 | -- |
4141 N Kedzie Avenue #202, Chicago, IL,60618 | $330,000 | 2 | 2 | 1,135 | -- |
4109 N Central Park Ave.., Chicago, IL,60618 | $388,000 | 4 | 2 | 1,000 | -- |
2236 W Oakdale Avenue, Chicago, IL,60618 | $530,000 | 3 | 2 | 630 | 0.0717 Acre |
2236 W Oakdale Avenue, Chicago, IL,60618 | $530,000 | -- | -- | -- | 0.07 Acre |
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Based on information submitted to the MLS GRID as of 05/08/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 05/08/2024 @ 18:20
MLS: MRED #11996824
LISTED BY: John Willis, Kale Realty
SOURCE: Midwest Real Estate Data LLC (MRED)
Buyer Agency Compensation: 2.0% -$495
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.