$ 899,900
4870 N Magnolia Avenue Chicago, IL 60640
Schedule a Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 899,900
Est. payment /mo
Price Dropped by $27K
4870 N Magnolia Avenue Chicago, IL 60640
6 Beds
4,356 Sqft Lot
OPEN HOUSE
Sun Nov 24, 10:30am - 12:00pm
UPDATED:
11/20/2024 08:26 AM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12169093
Bedrooms 6
Year Built 1899
Annual Tax Amount $11,861
Tax Year 2023
Lot Size 4,356 Sqft
Lot Dimensions 25X180
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! Please view photos 44 & 45 for proforma rent roll and operating statement if property were to be fully 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 as of November 2024, BRAND NEW WINDOWS, FRESH PAINT, AND TRIM THROUGHOUT IN ADDITION TO THE RENOVATIONS COMPLETED EARLIER THIS YEAR. 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. Truly no major expenses left for the buyer of this beautiful building. We are officially priced to sell - bring your clients to check it out today! Full offering memorandum is available upon request.
Location
State IL
County Cook
Rooms
Basement Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Detached
Garage Spaces 2.0
Waterfront false
View Y/N true
Building
Water Lake Michigan
New Construction false
Schools
School District 130, 130, 130
Others
Ownership Fee Simple
Special Listing Condition None
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by John Preston • Horvath & Tremblay IL, LLC