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Lorenzo Sanchez

[email protected] +1(773) 419-1724

$ 800,000

Est. payment -/mo

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Price Dropped by $25K

4870 N Magnolia AVE Chicago, IL 60640

6 Beds

3 Baths

OPEN HOUSE

Sat May 24, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12355565

Bedrooms 6

Year Built 1900

Annual Tax Amount $11,861

Tax Year 2023

Lot Dimensions 25X180

Property Sub-Type Two to Four Units

Property Description

Legal 2 unit (not a 3 unit - BEDROOMS CAN HOLD TWIN BEDS) with 3 bedrooms top floor and a 3bed/2bth/2 kitchen duplex down (basement can be it's own unit. The basement height is 6 ft 5 at it's highest point - you take the back interior stairs to get to basement) 25 x 180 oversized lot! Rental comps around 2500 and 3500 for a total of 6k a month. 2025 renovations include nearly everything from structural, including new roof, windows, plumbing, and HVAC, to cosmetic, including drywall, insulation, floor finishes, lighting, cabinetry, appliances, and a fully finished lower level. Both units are move-in ready, ensuring a smooth transition for new tenants. The property also comes with a detached 2-car garage, storage shed, and fenced-in yard. Great uptown loaction on small 2 block run of Magnolia - close to the train, lake and shopping districts. Great rent potential and an area that is appreciating very fast. Whether you're seeking a turnkey investment or a property to live in while generating rental income, this 2-unit building presents a fantastic opportunity. - Gas Forced heat, central AC, new kitchens, Washer and Dryer on EVERY floor. HUGE backyard

Location

State IL

County Cook

Area Chi - Uptown

Zoning MULTI

Rooms

Basement Finished, Full

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+

Equipment Ceiling Fan(s)

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Curbs, Gated, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, Yes

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

Elementary Schools Mccutcheon Elementary School

Middle Schools Mccutcheon Elementary School

High Schools Senn High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Sophia Klopas • Jameson Sotheby's Int'l Realty

Lorenzo Sanchez

+1(773) 419-1724

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