740 W Schubert Avenue, Chicago, IL 60614

Chicago
Local realty services provided by:Better Homes and Gardens Real Estate Connections
740 W Schubert Avenue,Chicago, IL 60614
$1,550,000
  • 6 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: michael hall
Office: baird & warner
MLS#:12788493
Source:MLSNI

Price summary

  • Price:$1,550,000

About this home

Lincoln Park- This turnkey, legal 3-unit building sits on a quiet tree-lined street in one of Chicago's most desirable neighborhoods. Just 4 blocks from the Diversey Brown Line and only a short walk to the lakefront with easy access to Lake Shore Drive as well, this building has never had a vacancy as the location simply can't be beaten! This property sits in one of Chicago's designated Additional Dwelling Unit Zones and has highly favorable RT-4 zoning and an exceptionally deep 162 ft lot. As such, building an additional dwelling unit/coach house is possible, as is future new development for condos or single-family home. Due to the large lot size, there is a very big back yard and 4-car parking pad with room to increase the number of parking spaces for additional income if so desired. Current rents are generating $111,600 per year but could be higher without any improvements as they are below market value. All three apartments have their own separate gas forced air heating and...

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Home facts

  • Year built:1888
  • Listing ID #:12788493
  • Updated:November 09, 2026 at 09:13 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:15
  • Bathrooms Description:Double Sinks, Whirlpool

Heating and cooling

  • Heating:Forced Air, Gas, Individual Room Controls, Sep Heating Systems - 2+

Structure and exterior

  • Roof:Rubber
  • Year built:1888
  • Lot Features:Common Grounds
  • Architectural Style:Traditional
  • Exterior Features:Balcony
  • Foundation Description:Concrete Perimeter, Stone

Schools

  • High school:Lincoln Park High School
  • Middle school:Alcott Elementary School
  • Elementary school:Alcott Elementary School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,550,000
  • Tax amount:$25,888 (2025)

Features and amenities

  • Amenities:CO Detectors, Ceiling Fan(s), TV-Cable

Parking

  • Total parking spaces:4
  • Parking description:Unassigned
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