5950 Schubert Avenue, Belmont Cragin, Chicago, Illinois 60639
$750,000
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For Sale
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| Status: | New |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1956 |
| Property Taxes: | $63,333 |
| Days On Market: | 0 |
| Lot Size: | 0,00 |
Description
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1956 | |
| — | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
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| — | |
| 12487165 | |
| 13294000180000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 18 Feb, 2011 | Sold | $280,000 | MRED MLS |
| 7 Aug, 2010 | Under contract | $419,900 | MRED MLS |
| — | Last price change | $542,900 | MRED MLS |
| 26 Jun, 2010 | Listed for sale | $549,900 | MRED MLS |
| 14 May, 2021 | Sold | $617,000 | MRED MLS |
| 4 May, 2021 | Under contract | $639,000 | MRED MLS |
| 4 May, 2021 | Listed for sale | $639,000 | MRED MLS |
| 3 Oct, 2025 | Listed for sale | $750,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
| — | |
| — | |
| — | |
| — | |
| 3903 | |
| — | |
| — | |
| — | |
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| Not in DB | |
| — | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2011 | $6,494 |
| 2021 | $6,513 |
| 2025 | $63,333 |
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