2826 W Wellington AVE, Chicago, IL 60618
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2826 W Wellington AVE, Chicago, IL 60618
2826 W Wellington AVE, Chicago, IL 60618
2826 W Wellington AVE, Chicago, IL 60618
2826 W Wellington AVE, Chicago, IL 60618
Listed by Matthew Fritzshallof Triton Realty Group LLC
Bought with Joel Halperin of Compass

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2826 W Wellington AVE Chicago, IL 60618

6 Beds


Key Details

Sold Price -

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12734609

Sold Date -

Bedrooms 6

Year Built 1915

Annual Tax Amount $10,535

Tax Year 2024

Lot Dimensions 3000

Property Sub-Type Two to Four Units

Property Description

2826 W. Wellington Ave. is a well-maintained, brick, 3-unit, residential asset located in the heart of Chicago's desirable Avondale neighborhood. The property consists of three spacious 2-bedroom, 1-bathroom floor plans, offering investors a low-maintenance asset with immediate rental upside and no near-term capital expenditure requirements. The property features strong mechanical infrastructure, including newer individual HVAC systems and dedicated hot water heaters for each unit. Unit finishes vary, highlighted by a high-end "owner's unit" on the ground floor that provides premium finishes and immediate flexibility for an owner-occupant or top-of-market rental rates. The "owner's unit" was previously converted from 3-bedrooms to 2-bedrooms, and could easily be converted back to 3-bedrooms. All units are fully equipped with in-unit laundry. Additional value-add potential exists with the detached garage, currently owner-utilized, which can be leased to existing tenants or neighborhood residents for an estimated $250/month. Previously owner-occupied, this property represents an ideal turn-key opportunity for an investor seeking stable cash flow, low operational friction, and clear path to increase the gross income. Located steps from key transit options, residents enjoy fast access to the CTA Blue Line (Belmont and Logan Square stations) and I-90/94 (Kennedy Expressway), along with the vibrant retail and dining corridors along Milwaukee, Belmont, and California Avenues.

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement Finished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N true

Building

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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