See Home Value
Chicago 60614 Lincoln Park
716 W Schubert Avenue
$4,496,000 - $5,494,000
House - Off Market

716 W Schubert Avenue

Chicago, IL 60614
bedrooms
7 Beds
bathrooms
11 Baths
square feet
10400 Sqft
Sold Jul 09, 2002
$1,150,000
$2,289,901 by Wells Fargo Bank Na
Mortgage Due Mar 01, 2050

About This Property

Timeless, turnkey, and featuring more than 5,000-square feet of private outdoor space, this custom-built, 10,400-square-foot, 8+ bed/11 bath (7 full, 4 half) home in East Lincoln Park is a one-of-a-kind property. Designed by award-winning Chicago architect Gary Beyerl, this home is situated on a large lot (37.5' x 160') on a quiet, tree-lined street that's walking distance from Lake Michigan and Lincoln Park proper. The exterior commands attention courtesy of classic brick-and-limestone architecture, a sun-kissed front courtyard, and evergreen landscaping. Inside, the main level presents a modern floor plan that's perfect for elevated entertaining and everyday living, beginning with a formal foyer that links to an open-concept living and dining room. First-class finishes are evident from moment one. The living room boasts 10-foot-high coffered ceilings, hardwood floors, contemporary crown molding, and a marble-fronted fireplace. The dining room features lovely wainscoting and custom window shutters. Past a pretty powder room and walk-through butler's pantry, this home's gourmet chef's kitchen stuns with dual islands with dine-up seating, Waterworks fixtures, three sinks, a breakfast nook with work station, and a professional Wolf/Miele/Sub-Zero appliances suite that includes a six-burner stovetop, four ovens, a warming drawer, a built-in coffee maker, and multiple refrigeration beverage drawers. The kitchen sits adjacent to a spacious family room with beautiful built-ins, floor-to-ceiling windows, and a second fireplace, and affords access to a 22' x 30' back deck for alfresco gatherings. The back outdoor footprint is expansive and also features a sports court and a second terrace that lives above the home's heated, four-car garage.    Upstairs, the second level offers an epic primary suite which features more gorgeous built-ins, a fireplace, and a large ensuite bath that flaunts detailed tilework, two full vanities, a marble shower, a jetted soaking tub, and a Toto Washlet, plus a 22' x 13' walk-in closet, a library, and two private offices. (The second-floor library and two offices are technically bedrooms and can be used as such based on your preference.) The third level presents four secondary bedrooms, all with custom-designed ensuite baths, and a kid's office with multiple workspaces for homework and projects, while the top floor features a sitting room with wet bar, a half bath, and an outstanding 72' x 30' roof deck with an outdoor wood-burning fireplace, a hot tub, and sweeping skyline views. But there's more. This home also comes complete with a fully finished basement that features a rec room with full bar, a den, two additional bedrooms for extended-stay guests or an au pair, a home gym, and a theater room. Additional callout details and amenities include custom millwork and cabinetry throughout, designer window treatments and light fixtures, an all-floors elevator, 18 refrigerator drawers throughout the home, surplus storage, four washers and four dryers, five total fireplaces, and decorative ironwork for the stair rails. Additional features include a generator, a sprinkler system, two commercial-grade Smith Cyclone water heaters, and multi-zoned HVAC. With grand proportions and polished presentation, not to mention close proximity to downtown's world-class shopping and dining, 716 W. Schubert Ave. is an investment in the good life.

The manager has listed the unit size as 10400 square feet.
Unit Size
10,400Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$480
Property Type
House
Property Taxes
$6,371
HOA Dues
-
Year Built
2010

Price History

Date / Event Date Event Price
Mar 11, 2024 No longer available -
No longer available
Sep 7, 2023 No longer available -
No longer available
Sep 5, 2023 Listed $4,995,000
Listed
Apr 12, 2023 Listed $5,195,000
Listed
Timeless, turnkey, and featuring more than 5,000-square feet of private outdoor space, this custom-built, 10,400-square-foot, 8+ bed/11 bath (7 full, 4 half) home in East Lincoln Park is a one-of-a-kind property. Designed by award-winning Chicago architect Gary Beyerl, this home is situated on a large lot (37.5' x 160') on a quiet, tree-lined street that's walking distance from Lake Michigan and Lincoln Park proper. The exterior commands attention courtesy of classic brick-and-limestone…
Sep 24, 2022 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 20
  • Bedroom Count: 9
  • Bathroom Count: 8
  • Full Bathrooms: 7
  • Partial Bathrooms: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 6,075
  • Total Building Area: 7,848
  • Gross Building Area: 7,848
  • Building Area: 7,848
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 7,848
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUBDIVISION OF OUTLOT E IN WRIGHTWOOD
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SUBDIVISION) OF OUTLOT E IN WRIGHTWOOD A SUB OF SW SEC 28-40-14

Ownership

  • Current Owner : MCGOVERN LYNN M
  • Previous Owner : AUSTIN RICHARD L
  • Previous Owner 2: AUSTIN HILARY C

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 070200

Zoning

  • Zoning: RT-4

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 73
  • Parcel: 14-28-300-036-0000
  • Block: 1
  • Lot: 24,25
  • Meridian: SEC 28 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9318
  • Longitude: -87.6473

    Address

  • Full Address: 716 W Schubert Ave
  • Address - House Number: 716
  • Street Direction: W
  • Address - Street Name: Schubert
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C014
  • 4-Digit Zip Code: 1507
  • Zip Code: 60614

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $76,457
  • Tax Rate Code Area: 73105

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 2,103,733
  • High Value: 2,641,277
  • Low Value: 1,566,188

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,289,901
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Feb 28, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,289,901
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2050

    Market Valuation

  • Market Total Value: $3,751,440
  • Market Land Value: $911,250
  • Market Improvement Value: $2,840,190

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $375,144
  • Assessed Land Value: $91,125
  • Assessed Improvements Value: $284,019

    Sales

  • Current Sale Contract Date: Jun 17, 2002
  • Current Sale Recording Date: Jul 09, 2002
  • Current Sale Transaction ID: 1177105585
  • Current Sale Price: $1,150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0020751035

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK FSB
  • First Mortgage Transaction Date: Jul 09, 2002
  • First Mortgage Loan Amount: $700,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Due Date: Jul 01, 2017
  • Second Mortgage Loan Amount: $100,000



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
7 Beds
11 Baths
10,400 ft²
$500/ft²
$5,195,000 Apr 12, 2023
-
$6,231/mo
House
4 Beds
4.5 Baths
-
$4,395,000 Aug 7, 2023
-
$3,523/mo
House
4 Beds
4.5 Baths
-
$4,295,000 Jun 5, 2023
-
$3,523/mo
Land
Loft
-
-
$4,999,900 Sep 5, 2023
-
$887/mo
Land
Loft
-
-
$5,425,000 Mar 22, 2023
-
$887/mo

About North Side


Similar Homes for Sale

Unit for sale at 3016 North Lake Shore Drive, Chicago, IL 60657

$5,425,000

  • Land
3016 North Lake Shore Drive, Chicago, IL 60657 Listing by Jennifer Mills
Unit for sale at 3016 North Lake Shore Drive, Chicago, IL 60657

$4,999,900

  • Land
3016 North Lake Shore Drive, Chicago, IL 60657 Listing by Jennifer Mills
Unit for sale at 716 West Schubert Avenue, Chicago, IL 60614

$5,195,000

  • 7 Beds
  • 11 Baths
  • 10,400 ft²
716 West Schubert Avenue, Chicago, IL 60614 Listing by Timothy Salm

Nearby Rentals

Unit for rent at 1741 W Haddon Avenue, Chicago, IL, 60622

$8,500 /mo

  • 4 Beds
  • 2.5 Baths
1741 W Haddon Avenue, Chicago, IL, 60622 Listing by Ledio Samarxhiu
Unit for rent at 1510 W Cortez Street, Chicago, IL, 60642

$7,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,600 ft²
1510 W Cortez Street #3E, Chicago, IL, 60642 Listing by Dennis Huyck
Unit for rent at 2006 W Webster Avenue, Chicago, IL, 60647

$6,900 /mo

  • 3 Beds
  • 4 Baths
  • 3,200 ft²
2006 W Webster Avenue #2, Chicago, IL, 60647 Listing by Scott Broene


Frequently Asked Questions

When was property at 716 West Schubert Avenue built and last sold?
The property at 716 West Schubert Avenue was built in 2010 and last sold on Jun 17, 2002 for $1,150,000.
How much is this home worth?
The estimated value of the home located at 716 West Schubert Avenue is $5,044,950.
What are some comparable homes to 716 West Schubert Avenue?
There are currently no comparable homes to 716 West Schubert Avenue.

Quantcast