740 W SCHUBERT AVE, Chicago, IL 60614
740 W SCHUBERT AVE, Chicago, IL 60614
740 W SCHUBERT AVE, Chicago, IL 60614
30
See all 30 photos
$1,550,000
Est. payment /mo
Save
6 Beds
3 Baths
New

740 W SCHUBERT AVE Chicago, IL 60614

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
James Grove

James Grove

+1(415) 757-7597

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12788493

Style Traditional

Bedrooms 6

Year Built 1888

Annual Tax Amount $25,888

Tax Year 2025

Lot Dimensions 25X162

Property Sub-Type Two to Four Units

Property Description

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 cooling systems with central air conditioning and all have updated kitchens with dishwashers, granite counters and 42' cabinetry. The top two apartments have spacious private back decks and the first-floor apartment has its own front patio. Tenants pay their own electric and gas bills keeping owner expenses low. Don't miss out on this exceptional investment opportunity in one of Chicago's most sought-after neighborhoods.

Location

State IL

County Cook

Area Chi - Lincoln Park

Zoning MULTI

Rooms

Basement None

Interior

Heating Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls

Equipment TV-Cable, CO Detectors, Ceiling Fan(s)

Fireplace N

Exterior

Exterior Feature Balcony

Community Features Park, Pool, Tennis Court(s), Curbs, Gated, Sidewalks, Street Lights, Street Paved

Roof Type Rubber

Building

Lot Description Common Grounds

Dwelling Type Two to Four Units

Building Description Brick,Limestone, No

Sewer Public Sewer

Water Public

Structure Type Brick,Limestone

New Construction false

Schools

Elementary Schools Alcott Elementary School

Middle Schools Alcott Elementary School

High Schools Lincoln Park High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael Hall of  Baird & Warner 

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

James Grove

James Grove

Broker License ID: 475.184542

+1(415) 757-7597

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from REAL, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

740 W SCHUBERT AVE

QUICK SEARCH