Ask anyone and they'll probably be able to tell you the number one rule in real estate. Say it with me...location, location, location! What it means is that two identical homes can be up for sale at the same time. A home that is in a nicer location, or closer to famous landmarks, will always sell for more. It's all about location. That is why a home currently up for sale in Chicago might not look like much. But the home's real value lies just up the street.

First, let's take a quick look at the house itself. WHO reports that the home has been owned by the same family for the past 60 years. Built back in 1890, it definitely has some old-world charm inside. According to the Zillow listing it features steam heat! The house is 3,000 square feet with 6 bedrooms and 3 and a half bathrooms. It features a full basement and comes with 5 outdoor parking spots, a premium in a city like Chicago. I'm going to be honest, however. Looking at pictures of the home isn't going to impress you.

Clearly, the home needs some updates and work. You're probably guessing that this house, given its condition, is being listed at a reasonable price. But according to Zillow, the asking price currently sits at $1.1 million. Yes...over one million dollars! So what on earth is so special about this house that the owners believe they can ask so much? Well, it's all about location. Here is what sits just 300 yards from the front door.

Milwaukee Brewers v Chicago Cubs
Getty Images
loading...

That's right. As WHO points out the home's address is 1110 West Addison Street in Chicago. 305 feet from the marquee at Wrigley Field. That is less than the distance of running the bases inside the stadium! You could walk to every home game! Charge for parking! You'd be living every Cub fan's dream! You can check out the full listing for the home HERE.

KOLM - 1520 The Ticket logo
Get our free mobile app

Midwest Party Palace Home Has A Jail Inside

Reportedly built by a doctor next to a home he shared with his wife, this 6,467-square-foot home sold for $40,000 over its asking price in the summer of 2022. It's believed that it was built as a party palace, which makes sense. Its features include an indoor pool and jail cells. Yes, you read that right. It's located at 117 N Brandon Ave. in Celina, Ohio.

One of the Priciest Airbnbs Just Past the Iowa Border is a Stunning Must See [GALLERY]

This house is a beauty! But, it will cost you.

More From KOLM - 1520 The Ticket