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Jesse Stamer

jesse.stamer@engelvoelkers.com +1(847) 757-9585

$ 1,450,000

Est. payment -/mo

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Open Fri 4PM-6PM

1033 W Wellington AVE Chicago, IL 60657

7 Beds

3 Baths

Open House

Fri May 08, 4:00pm - 6:00pm

Sat May 09, 10:00am - 1:00pm

Sun May 10, 1:00pm - 3:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12627838

Style Brownstone

Bedrooms 7

Year Built 1890

Annual Tax Amount $19,635

Tax Year 2024

Lot Dimensions 37.5 X124

Property Sub-Type Two to Four Units

Property Description

GREAT OPPORTUNITY FOR THE ADD-VALUE INVESTOR, LIVE-IN OWNER, OR SINGLE-FAMILY CONVERSION. RARE EXTRA-WIDE 37.5 x 124 LOT (ZONED R3). CERTIFIED / LEGAL 3-FLAT. This professionally managed building offers strong potential throughout including duplex-up or duplex-down configurations or expansion from the rear to create a larger single-family home making this an exceptional redevelopment opportunity on an oversized lot. Significant value-add potential includes updates to increase rental income and overall property value. Two-car garage with possible room to add a third parking space provides additional flexibility for future use. Central air and heat on the first and second floors along with high ceilings create a bright and comfortable living experience. Buyers should verify local ordinances regarding ADU possibilities and development options. The first floor will be vacant June 1st. Tenant 2 has been in place since 2020 and Tenant 3 since 2023 both long-term occupants. Prime Lakeview location walk to the Red Line and Illinois Masonic Medical Center and just moments from everything the neighborhood has to offer. Please note this property is being conveyed "as-is."

Location

State IL

County Cook

Area Chi - Lake View

Zoning MULTI

Rooms

Basement Other, Full

Interior

Heating Natural Gas, Forced Air

Equipment Ceiling Fan(s)

Fireplace N

Exterior

Garage Spaces 2.0

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by Joanne Swanson of Berkshire Hathaway HomeServices Chicago

NEARBY SCHOOLS & PROPERTIES

Jesse Stamer

Real Estate Advisor

+1(847) 757-9585

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