5950 W Schubert Avenue, Chicago, IL 60639

Local realty services provided by:Better Homes and Gardens Real Estate Connections
5950 W Schubert Avenue,Chicago, IL 60639
$750,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:adam max
Office:compass
MLS#:12487165
Source:MLSNI

Price summary

  • Price:$750,000

About this home

Prime Belmont Cragin 4-unit apartment building with two (2) additional non-conforming units, offered for the first time in over 24 years. Unit mix includes four (4) 2BD/1BA and two (2) non-conforming 1BD/1BA garden layouts. Apartments feature hardwood flooring in living areas, with kitchens and baths finished in rental-grade materials including wood cabinetry, laminate countertops, and white appliances. Tenants pay their own cooking gas and electric, except Unit 1W and the non-conforming units. Boiler heat is owner-paid. Property highlights include separately metered electric, two Rheem hot water heaters (2020 & 2023), vinyl windows (within last 15 years), and a mix of copper and galvanized plumbing. Additional amenities include building-owned coin laundry and a two-car garage providing supplemental income. Current rents remain well below market, offering a clear value-add opportunity through rent increases and unit modernization.

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Home facts

  • Year built:1956
  • Listing ID #:12487165
  • Added:1 day(s) ago
  • Updated:October 03, 2025 at 02:41 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4

Heating and cooling

  • Heating:Forced Air, Individual Room Controls

Structure and exterior

  • Roof:Asphalt
  • Year built:1956

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$750,000
  • Tax amount:$63,333 (2023)
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