Thursday, February 27, 2014

New construction at 623 W Schubert, land sold for $865,000

Two lots at 621 and 623 W Schubert were recently sold respectively for $865,000 each near the corner of Geneva and Schubert.  Construction has started on the properties just west of the Sunrise Senior Living facility and Best Buy.  Photos, Bob DePalma Real Estate Broker, Kale Realty


New construction at 623 West Schubert in Lincoln Park in popular Alcott School District. The very elusive vacant Lincoln Park lot sold for $865K on 2/21/13.  The unique location is tucked in between the retail and restaurants of  North Clark Street and North Halsted. The home will join and interesting enclave of recent new construction homes near Schubert and Geneva.

The 600 block of West Schubert has it's own planned community feel, yet, is adjacent to a few original houses.

The way we were! This attractive little cottage still anchors the desirable corner location of North Geneva Terrace and West Schubert in Lincoln Park (Photo Bob DePalma, Kale Realty)

Condo, house, land sales on 600 - 800 West Schubert (Halsted to Clark)

12 properties have sold on these two blocks over the last 24 months.  No single family houses have closed, but two adjacent vacant land lots averaging about 33' x 132' closed for $865,000 each.

The highest condo sale over the last 24 months is $855,000 for 622 W Schubert 1E. The large newer construction four bedrooms duplex down has garage parking and a great private patio.

A legal three-flat multi-unit building at 740 W Schubert was listed at $774,500 and sold for $840,000 in multiple offers in 2012.  The vintage but renovated 1888 brick building on a 25' x 165' lot is a great example of how the Lincoln Park market was taking off again in mid 2012.  I have not looked back,   Thus, we see a couple over-sized vacant lots get scooped up for $865,000 last year.


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