Karagiorgos & Bejar Acquire Multifamily Property For $1.36M In Lincoln Park, Chicago

The COLOVOS | SOUPOS Group is pleased to have represented the seller, 1311 W. Schubert Ave, located in Chicago's premier Lincoln Park / DePaul University neighborhood. This cash flowing, legal 4-Unit building consists of 2 separate buildings. The four-unit residential offering includes two 3-bedroom/2-bathroom units (one duplex up and one duplex down) in the front of the property and two 2-bedroom/2-bathroom units (simplex) in the rear of the property. Each unit is equipped with its own washer and dryer. All units have central heat and AC. Tenants are responsible for paying electric, gas, and heat, while the owner covers water expenses. The property has a high walk score of 82 and a transit score of 75, making it conveniently located near DePaul University, public transportation, shopping, restaurants, and nightlife.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,360,000
• Address: 1311 W. Schubert Ave
• Market: Lincoln Park, Chicago

The buyer of the property is Karagiorgos & Bejar, and the seller is 1311 W. Schubert, LLC. Riz Gilani represented the buyer as the buyer's agent from the RG Group at RG Group Chicago, affiliated with Dream Town Realty. Vickie C. Soupos, from the COLOVOS | SOUPOS Group affiliated with RE/MAX Destiny, represented the seller.