$825,000
4870 N Magnolia Avenue
Chicago, IL, 60640
Welcome to this charming 2-unit apartment building, recently refreshed in November 2024! This property offers a blend of classic charm and modern updates, making it an ideal investment opportunity. Recent improvements include roof updates, windows, plumbing, and HVAC, as well as cosmetic upgrades, such as drywall, insulation, floor finishes, lighting, cabinetry, appliances, and a fully finished basement. Both units are move-in ready, ensuring a smooth transition for new tenants. The property also features a detached 2-car garage, a storage shed, and a fenced-in yard. Situated in a desirable location, with proximity to attractive neighborhoods and easy transit access, this property offers excellent income potential due to high rental demand. 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. Don’t miss out on this well-maintained property with strong earning potential!
Property Details
Price:
$825,000
MLS #:
MRD12342672
Status:
Active
Beds:
5
Baths:
3
Address:
4870 N Magnolia Avenue
Type:
Multi Family
Neighborhood:
CHI – Uptown
City:
Chicago
Listed Date:
Apr 19, 2025
State:
IL
ZIP:
60640
Year Built:
1900
Schools
School District:
299
Elementary School:
Mccutcheon Elementary School
Middle School:
Mccutcheon Elementary School
High School:
Senn High School
Interior
Heating
Natural Gas, Forced Air, Sep Heating Systems – 2+
Exterior
Community Features
Curbs, Gated, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Parking Features
On Site, Garage Owned, Detached, Garage
Parking Spots
2
Financial
Tax Year
2023
Taxes
$11,862
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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4870 N Magnolia Avenue
Chicago, IL
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