1033 Wellington Avenue, Lake View, Chicago, Illinois 60657
$1,450,000
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For Sale
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| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 7 |
| Baths: | 0 |
| Year Built: | 1890 |
| Property Taxes: | $19,635 |
| Days On Market: | 7 |
| Lot Size: | 0,00 |
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. Lincoln Park High School. 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."
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1890 | |
| — | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12627838 | |
| 14292160080000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 27 Aug, 2013 | Sold | $832,500 | MRED MLS |
| 23 Jul, 2013 | Under contract | $825,000 | MRED MLS |
| 18 Jul, 2013 | Listed for sale | $825,000 | MRED MLS |
| 28 Sep, 2018 | Sold | $1,050,000 | MRED MLS |
| 13 Aug, 2018 | Under contract | $1,150,000 | MRED MLS |
| — | Last price change | $1,195,000 | MRED MLS |
| 8 Jun, 2018 | Listed for sale | $1,195,000 | MRED MLS |
| 4 May, 2026 | Listed for sale | $1,450,000 | MRED MLS |
Room Specifics
Total Bedrooms: 7
Bedrooms Above Ground: 7
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
| — | |
| — | |
| — | |
| — | |
| 37.5 X124 | |
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| Not in DB | |
| — | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2013 | $13,190 |
| 2018 | $14,146 |
| 2026 | $19,635 |
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Listing Provided By
Berkshire Hathaway HomeServices Chicago
