Monday, February 25, 2019

Lincoln Park 7-Eleven property sold for $3 million, now 10 unit luxury condo development

This used to be the 7-Eleven. 1110 West Schubert, Schubert Pointe, is under construction with MLS listings from $1,000,000 to $1,650,000. All photos / stats Eric Rojas, Broker, Kale Realty
We walked down the 2700 block of North Lincoln last week. Schubert Pointe construction (1110 West Schubert Ave, Chicago IL 60614) is taking shape at the corner of North Lincoln Avenue and West Schubert in Lincoln Park. The "pointy" 10 unit building with distinct terraces takes the place of the former 7-Eleven store. A Cook County Recorder of Deeds document shows the property was likely sold for $3,010,000  This strip of North Lincoln Avenue is relatively sleepy compared to other parts of Lincoln Park.  Here's a story on the development back in October.

Three units of the development are listed for sale on the MLS with prices ranging from $1,000,000 to $1,650,000 for a penthouse unit with 1400 sq/ft terrace. I'm not sure if this includes the Range Rover in the driveway. There are many condos and attached town homes in the immediate area within a block or so.  The development location is a short walk to Jonquil Park, the CTA Diversey Brown Line stop and resides in Agassiz Elementary School district.

The condo market around this development in Lincoln Park is very active. Schubert Pointe will be pushing the high end for condo prices here.

We've listed and sold several homes very nearby including
1030 W Wrightwood  
1307 West Wrightwood Unit 206
1307 Wrightwood Unit 106 
904 West Schubert #2W

33 attached units have sold in the roughly two block shaded area around Schubert Pointe in the last 12 months.  The median price of a sold condo is about $540,000.  The highest sold unit over 12 months is 2649 N Racine Avenue Unit 3S for $1,040,000.  The 2100 sq/ft, three beds new construction penthouse unit boasts a 28ft wide floor-plan. The lowest priced sold unit is 1152 West Wrightwood Unit 2 for $420,000. The two beds, two baths middle floor re-sale condo looked in great condition and included a garage parking spot.

Contact us to find pre-market or new listings for sale in Lincoln Park and surrounding neighborhoods!

No comments: