$1,360,000
$1,399,900
2.9%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
8 Baths
SOLD DATE : 06/01/2021
Key Details
Sold Price $1,360,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11052197
Sold Date 06/01/21
Bedrooms 10
Maintenance Fees $260
Year Built 1886
Annual Tax Amount $22,962
Tax Year 2019
Lot Dimensions 25X131
Property Sub-Type Two to Four Units
Property Description
1311 W. Schubert Ave, in Chicago's premier Lincoln Park / DePaul University neighborhood, is being offered at an upper 6 Cap Rate. This cash flowing, legal 4-Unit building consists of 2 separate buildings. The four unit residential offering consists of two, 3 bedroom / 2 bathroom units (one duplex up and one duplex down) in the front of the property and two, 2 bedroom / 2 bath units (simplex) in the rear of the property. Each unit is equipped with its own washer and dryer. All units have central heat and AC. Tenants pay electric, gas and heat. Owner pays for water. High walk score (82) and Transit score (75). Close proximity to DePaul University, public transportation, shopping and an abundance of restaurants, night life and all that Lincoln Park has to offer.
Location
State IL
County Cook
Area Chi - Lincoln Park
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
Exterior Feature Patio, Porch, Outdoor Grill
Community Features Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Rizwan Gilani • Dream Town Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "