1849 W Wellington Avenue
Chicago, IL 60657

Status: Active
Multi Family
10 beds
0 baths
0 sq.ft
Listing Price: $1,250,000

About this home

1849 West Wellington is a charming four-unit property, comprising of a coach house and a front building. The coach house features two units, with a spacious four-bedroom, two-bath unit on the first floor and a cozy two-bedroom, one-bath unit on the second floor, complete with vaulted ceilings and a balcony. Laundry facilities are conveniently located within the coach house. Connected to the front building by a freshly painted deck and spiral staircase, the coach house seamlessly integrates with the property. The front building offers two additional units, including a two-bedroom, one-bath unit on the first floor and a similarly sized unit with vaulted ceilings on the second floor. With long-term tenants in place, this property generates great rental income while maintaining low expenses. Situated near Hamlin Park and Ashland Avenue, with its abundance of shopping and dining options, 1849 West Wellington enjoys a prime location on a peaceful one-way, tree-lined street. Family and dog-friendly, this property offers a welcoming environment for both investors and residents seeking to generate rental income while enjoying the comforts of home.

Property details

Property / Lot Details
Acreage 0.07
Lot Dimensions 25X125
Lot Size .25-.49 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1906
Exterior Building Type Frame
Exterior Property Features Balcony ,Deck
Parking None
Rehab Year 2005
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - North Center
Zoning Type MULTI
Corporate Limits Chicago
Directions Damen north from Diversey. East on Wellington
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Lake View
Interior Features
Basement Description Unfinished
Basement Partial
Bedrooms Count 10
Bedrooms Possible 10
Baths Count 5
Full Baths in Building Count 5
Total Rooms 19
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1850
Appliances And Features Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 3/25
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1800
Appliances And Features Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors, Skylights/Windows
Full Baths Total 1
Lease Expiration Date 5/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 4
Baths Total 2
Actual Rent 3000
Appliances And Features Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors
Full Baths Total 2
Lease Expiration Date 2/25
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 4
Beds Total 2
Baths Total 1
Actual Rent 1900
Appliances And Features Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors, Skylights/Windows
Full Baths Total 1
Lease Expiration Date 10/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 2

Financials

ElectricExpense 300
Electric Expense Source Owner Projection
Gross Rental Income $102,000
Insurance Expense $3,600
Insurance Expense Source Owner Projection
Net Oper Income $83,013
Other Addl Income Coin Laundry, Other
Rental Income 102000
Investment Profile Residential Income
Water Expense $2,800

Tax/Assessments/Liens

PIN 14302180020000
Special Assessments N
Taxes $20,590
Tax Exemptions None
Tax Year 2022
$1,250,000 Listing Price:
MLS # 12020030
Investment Profile Residential Income
Listing Market Time 28 days
Basement Partial
Type Unit 4 Flat
Number of Units in Building 4
Parking None
List Date 04/06/2024
Year Built 1906
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