Prime Roscoe Village corner lot with a commercial construction all masonry 2 level building, with a total of 7400 SQFT of 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 residential live/work 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. The site is ideal for a future development opportunity allowing an all masonry 4-duplex unit 3-story new construction building with 38'-6" height allowance, as per plans included with the sale. The RT-3.5 Zoning Amendment has been completed with the approved plan offering 4 new 2930-3000 SQFT condos, with a total of 11,718 SQFT finished interior space including all variances and 6-car garage parking. SEE ADDITIONAL INFORMATION for plans and survey. The current building was rented as a live/work space, with 11 bedrooms, 4 large baths, and 2 full kitchens . Annual NOI: $68,999.
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For more information about 2156 W Wellington, Chicago, IL 60618 contact Corcoran Urban Real Estate.
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