Thank you
John Willis
Kale Realty
312-939-5253
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.
Heating: Natural Gas
Cooling: Central Air, Partial
Lot Dimensions: 8383.4
Lot Size: Less Than .25 Acre
Property Type: Land
Sub Type: Land
Original List Price: $1500000
Annual Tax: $28336
Tax Year: 2022
Parcel Number: 14301100380000
Senior High School: Lake View High School
Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal
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 #12015831
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.