Corcoran Urban Real Estate
$0 to $5,000,000
Any Beds
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15 Properties Within 0.5 miles of: 1228 W Wellington, Chicago
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1228 W Wellington
Chicago, IL 60657

  • 5 Beds
  • Built In 1894
Price

$1,060,000

Est Payment
$7,750 / month (details)  
Taxes
$21,095  
Beds
5  
Rooms
12  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
25 X 125  
Built
1894  
Neighborhoods
Lakeview, South Lakeview  
MLS
#12311021
Status
Sold (5/20/2025)

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.

Property Map

Property Details

Utilities

  • Heating Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
  • Cooling
  • Water Lake Michigan, Public
  • Sewer Public Sewer

Additional Information

Parking
4 Garage Spaces, Garage Door Opener, Tandem, On Site, Garage Owned, Detached, Garage, Parking included in price
Schools
District 299

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

04-09-2025 Listed at $1,190,000
04-23-2025 Status changed to Under Contract
05-21-2025 Status changed to Closed
05-20-2025 Sold at $1,060,000
Last Modified 5/21/25 11:02 AM

Nearby Transportation

  • Bus 77 0.2 mi
  • Bus 76 0.3 mi
  • Bus 9 0.4 mi
  • Bus X9 0.5 mi
  • Bus 22 0.5 mi
  • Bus 8 0.5 mi
  • Bus 151 0.6 mi
  • Bus 156 0.6 mi
  • Bus 152 0.7 mi
  • Bus 74 0.8 mi
  • Bus 36 0.8 mi
  • Bus 37 0.9 mi
  • Bus 50 0.9 mi
  • Bus 143 1.1 mi
  • Bus 134 1.1 mi
  • Brown Line 0.3 mi
  • Purple Line 0.3 mi
  • Red Line 0.4 mi
  • ZipCar 0.1 mi
  • I 90 West 1.3 mi
  • I 94 West 1.3 mi
  • I 90 East 1.4 mi
  • I 94 East 1.4 mi
  • I 290 West 4.1 mi
  • I 290 East 4.2 mi
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