$780,000
4870 N Magnolia Avenue
Chicago, IL, 60640
WALK THRU VIDEO ON VIRTUAL TOUR BUTTON. 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. BUYERS FINANCING FELL APART 2 DAYS BEFORE CLOSING
Property Details
Price:
$780,000
MLS #:
MRD12422656
Status:
Active Under Contract
Beds:
6
Baths:
3
Address:
4870 N Magnolia Avenue
Type:
Multi Family
Neighborhood:
CHI – Uptown
City:
Chicago
Listed Date:
Jul 17, 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
Roof
Asphalt
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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