Four-Unit Apartment Building with
For Sale
Contact for pricing
5950 W SCHUBERT Avenue, Chicago, IL 60639
Residential income property with separately metered electric, coin laundry, and a two-car garage for supplemental income.
Property SizeContact for details
Days on Market108
Property Features for 5950 W SCHUBERT Avenue
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
Multifamily
Additional Details
Multifamily Units
6
Building Details
Tenancy
Multi
Listing Agency:
Compass
(773) 598-7388
Listed By:
Adam Max · License #471022028
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 21 at 2:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This for-sale residential income property consists of a four-unit apartment building plus two additional non-conforming one-bedroom units. The unit mix includes four two-bedroom, one-bath layouts and two one-bedroom, one-bath garden layouts. Apartments feature hardwood flooring in living areas, with kitchens and baths finished in rental-grade materials such as wood cabinetry, laminate countertops, and white appliances.
Tenants pay cooking gas and electric except Unit 1W and the non-conforming units, while boiler heat is owner-paid. The building includes separately metered electric service, two Rheem hot water heaters installed in 2020 and 2023, vinyl windows installed within the last 15 years, and a mix of copper and galvanized plumbing. Building amenities include coin laundry and a two-car garage providing supplemental income.
With coin-operated laundry on site and a garage available for additional revenue, the property is positioned as a straightforward multi-unit asset with updated mechanical and window improvements.
Tenants pay cooking gas and electric except Unit 1W and the non-conforming units, while boiler heat is owner-paid. The building includes separately metered electric service, two Rheem hot water heaters installed in 2020 and 2023, vinyl windows installed within the last 15 years, and a mix of copper and galvanized plumbing. Building amenities include coin laundry and a two-car garage providing supplemental income.
With coin-operated laundry on site and a garage available for additional revenue, the property is positioned as a straightforward multi-unit asset with updated mechanical and window improvements.
Key Highlights
- 4‑unit apartment building plus two additional non‑conforming 1BD/1BA garden units
- Unit mix: four 2BD/1BA units and two non‑conforming 1BD/1BA garden layouts
- Separately metered electric; tenants pay cooking gas and electric except Unit 1W and the non‑conforming units
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,366
Businesses Nearby
Explore this area
Business Placement
Demographics for 60639, IL
89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Residential income property with separately metered electric, coin laundry, and a two-car garage for supplemental income.
Where is this apartment building located?
The property is located at 5950 W SCHUBERT Avenue Chicago, IL.
What are key features of this property?
This property features: 4‑unit apartment building plus two additional non‑conforming 1BD/1BA garden units; Unit mix: four 2BD/1BA units and two non‑conforming 1BD/1BA garden layouts; Separately metered electric; tenants pay cooking gas and electric except Unit 1W and the non‑conforming units
