Skip To Content

4870 N Magnolia Avenue

Chicago, IL 60640
  • $927,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 12169093
UPDATED: 46 min ago
$927,000
  • 6
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1899
County:
Area:

School Ratings & Info

School District:
130

Description

Come check out this gut-rehabbed 2-flat + finished basement in Uptown / Andersonville! Potential gross rents of $74,400 annually once rented out! Located on a 25x180 sq. ft. lot on a quiet residential street, this property is the perfect place for a new owner in search of a big backyard to call home. 4870 N Magnolia was recently renovated with all new utilities and interior finishes. The bathrooms feature brand new finishes and the property still shows its original style and character. The first floor is a 2br/1ba apartment, second floor is 3br/1ba, and the basement has a sink and additional bedroom, allowing for a potential 3rd unit or duplex down with the first floor. Basement even features a cellar for additional storage or creative wine cellar! The second floor 3br/1ba has living and dining rooms - the front living room can easily be converted into a large master bedroom with the current bedroom as a massive walk-in closet. This would make for a PERFECT owner-user unit. WHOLE PROPERTY WILL HAVE BRAND NEW WINDOWS INSTALLED IN MID-NOVEMBER! Truly no major expenses left for the buyer of this beautiful building.

Monthly Payment Calculator



© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2024-11-13T16:07:06.863 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.luxhomechicago.com/homes/155527579
Print Image

4870 N Magnolia Avenue Chicago, IL 60640

  • Price: $927,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 46 min ago
  • MLS #: 12169093
6
Beds
0
Baths
0
½ Baths
0.1
Acres
1899
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
School District:
130
Property Description
Come check out this gut-rehabbed 2-flat + finished basement in Uptown / Andersonville! Potential gross rents of $74,400 annually once rented out! Located on a 25x180 sq. ft. lot on a quiet residential street, this property is the perfect place for a new owner in search of a big backyard to call home. 4870 N Magnolia was recently renovated with all new utilities and interior finishes. The bathrooms feature brand new finishes and the property still shows its original style and character. The first floor is a 2br/1ba apartment, second floor is 3br/1ba, and the basement has a sink and additional bedroom, allowing for a potential 3rd unit or duplex down with the first floor. Basement even features a cellar for additional storage or creative wine cellar! The second floor 3br/1ba has living and dining rooms - the front living room can easily be converted into a large master bedroom with the current bedroom as a massive walk-in closet. This would make for a PERFECT owner-user unit. WHOLE PROPERTY WILL HAVE BRAND NEW WINDOWS INSTALLED IN MID-NOVEMBER! Truly no major expenses left for the buyer of this beautiful building.
Exterior Features

Exterior Building Type Brick Garage Onsite Yes Garage Type Detached Lot Size Less Than .25 Acre Multi Family Type 2 Flat Parking Details Garage Parking Total 2 Waterfront YN No

Interior Features

Basement Finished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 6 Full Baths In Building 3 Half Baths In Building 0 Heating Natural GasForced Air Rooms Total 11

Property Features

Age 100+ Years Built Before1978 YN Yes Corporate Limits Chicago General Information None Mls Actual Status Active New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 2024 Special Listing Conditions None Tax Annual Amount 11861 Tax Year 2023 Total Numberof Unitsin Building 2 Township Lake View Type Two to Four Units Water Source Lake Michigan

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Horvath & Tremblay IL, LLC: 312-533-8899.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2024-11-13T16:07:06.863 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12169093-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12169093-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12169093-1.jpg
Logo
@properties
737 North Michigan Avenue, Suite 1800
Chicago IL, 60611