$874,999
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 renovations include nearly everything from structural, including a new roof, windows, plumbing, and HVAC, to cosmetic, including 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 comes with a detached 2-car garage, storage shed, and fenced-in yard. Situated in a desirable location and proximity to desirable neighborhoods and easy transit access, with high rental demand, this property provides excellent income potential. 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:
$874,999
MLS #:
MRD12266859
Status:
Active
Beds:
5
Baths:
3
Address:
4870 N Magnolia Avenue
Type:
Multi Family
Neighborhood:
CHI – Uptown
City:
Chicago
Listed Date:
Jan 8, 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
Exterior Features
Patio, Storms/ Screens
Parking Spots
2
Financial
Tax Year
2023
Taxes
$11,862
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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Courtesy of Dream Town Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Chicago, IL. All rights reserved.
4870 N Magnolia Avenue
Chicago, IL
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