700 West Schubert AvenueChicago, IL 60614Price: $3,120,000

  • Price: $3,120,000
  • 41 Days on Market
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Federal 30-year interest rate: 7.22% last updated on Nov 30, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.09Acreage
  • 5,352Square Feet
  • 1890Year Built

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LOCATED IN THE VIBRANT HEART OF LINCOLN PARK, 700 W. SCHUBERT IS A PROFESSIONALLY MAINTAINED MULTI-UNIT PROPERTY OFFERING A CAPTIVATING BLEND OF VINTAGE CHARM AND MODERN COMFORT. LOCATED ON A OVERSIZED CORNER LOT. THERE IS THE 3-FLAT MAIN BUILDING AND A BONUS 2-FLAT COACH HOUSE. THE PRIME LOCATION PROMISES BOTH THE BEST OF CITY LIVING AND REAL-ESTATE INVESTING. A NEIGHBORHOOD WITH DEPAUL UNIVERSITY, SCENIC LAKE MICHIGAN, CONVENIENT TRANSIT, TRENDY SHOPPING, AND NIGHTLIFE, THEATERS, RESTRAINTS AND CLUBS THAT DEMAND THE HIGHEST RENTS IN CHICAGO. THE MAIN BUILDING FEATURES 2 THREE BEDROOM UNITS AND A TWO BEDROOM UNIT, EACH THOUGHTFULLY UPGRADED WITH CONTEMPORARY KITCHENS AND BATHS. THE CHARM OF HARDWOOD FLOORS RUNS THROUGHOUT, AND SEPARATE GAS-FORCED HEATING AND CENTRAL A/C KEEP EXPENSES LOW. THE COACH HOUSE HAS 2 TWO BEDROOM 1 BATH UNITS. BOTH BUILDINGS SHARE AN AMAZING OUTDOOR COURTYARD. OVER THE PAST 25 YEARS, THE PROPERTY HAS DEMONSTRATED EXCEPTIONAL RENTAL POTENTIAL WITH A STAGGERING 98%+ OCCUPANCY RATE. CURRENTLY, ALL UNITS ARE FULLY LEASED UNTIL THROUGH JUNE AND SEPTEMBER OF 2024. MANY RECENT UPGRADES INCLUDE ALL NEW SIDING, WINDOWS AND DOORS (2019), NEW DECKS (2020)AND NEW ROOF (2021). PERFECT FOR LIVE-IN OWNERS OR SAVVY INVESTORS. ADD THIS ONE TO YOUR PORTFOLIO.

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Listed by Monika Church and Joseph Wilcox of The Wilcox Company

Based on information submitted to MRED  as of December 6, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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