$2,200,000
5331 N Magnolia Avenue
Chicago, IL, 60640
An extraordinary combination of historic charm, comprehensive modern reconstruction, generous living spaces, and a rare double-lot setting-offering a distinctive opportunity in one of Chicago’s most treasured residential neighborhoods.1890s Architectural Charm | 2004 Morgante-Wilson Reconstruction. Imagine a home where everyone has room to grow, gather, work, play, and entertain-all under one roof. Offering 5,600 square feet of thoughtfully designed living space on a rare Chicago double lot, this extraordinary Lakewood-Balmoral residence combines the warmth and character of 1890s American architecture with an updated French country aesthetic and the flexibility today’s lifestyles demand. Seven bedrooms, four-and-a-half bathrooms, private guest accommodations, multiple home offices, recreation areas, and generous outdoor living create an exceptional setting for everyday comfort and memorable celebrations. Originally constructed in the late 1800s, the residence underwent a complete top-to-bottom reconstruction and expansion in 2004 by renowned Morgante-Wilson Architects. The transformation included a new foundation, exterior and interior walls, plumbing, electrical, and mechanical systems, providing the advantages of modern construction while preserving the architectural romance of its historic origins. Beyond its generous bedroom count, the home’s distinct gathering, work, and retreat spaces make it especially adaptable to multigenerational living, visiting guests, and changing needs over time. The blend of formal entertaining rooms and comfortable everyday spaces is a rare advantage, offering room to come together without sacrificing places to unwind. The combination of architectural character, modern infrastructure, and a substantial city lot is increasingly difficult to find. The expansive, sun-filled open kitchen is the heart of the home, with a generous breakfast room, convenient office area, and access to outdoor spaces. Its thoughtful design keeps everyone connected, whether enjoying casual mornings, working from home, or hosting friends. Gracious formal living and dining rooms share a distinctive double-sided wood-burning fireplace and adjoining wet bar with refrigeration. A sunroom adjoining the dining room offers additional space for holiday celebrations, dinner parties, and larger gatherings. Abundant natural light, generous room proportions, recessed lighting, and architectural details lend warmth and understated elegance throughout. The flexible floor plan includes a private primary suite and four additional bedrooms on the second level, a third-floor guest retreat, and a lower-level au pair or guest suite. A dedicated library, private offices, study areas, and high-ceilinged lower-level recreation space accommodate remote work, creative pursuits, relaxation, and entertaining without compromising privacy. Generous closets, abundant storage, extensive laundry facilities, a convenient dog wash, and three-zone HVAC support the practical needs of an active household. The expansive double lot provides a remarkable sense of privacy and openness within the city, with a welcoming wraparound porch, generous yard, and detached two-car garage. Outdoor spaces offer ample room for dining, entertaining, recreation, and relaxation. Set within Chicago’s architecturally distinguished Lakewood-Balmoral Historic District, the home is surrounded by quiet, tree-lined streets, beautiful period residences, and an active neighborhood community. Lincoln Park, Foster Beach, Lake Michigan, and scenic lakefront trails are just four blocks east. Two neighborhood playlots are within two blocks, while Andersonville’s celebrated Clark Street boutiques, restaurants, and cafes are only four blocks west. Broadway’s diverse dining and entertainment corridor, the CTA Red Line, and convenient access to DuSable Lake Shore Drive place the best of Chicago within easy reach.
Property Details
Price:
$2,200,000
MLS #:
MRD12783475
Status:
Active Under Contract
Beds:
7
Baths:
5
Type:
Single Family
Subdivision:
Lakewood Balmoral
Neighborhood:
chiedgewater
Listed Date:
Oct 21, 2026
Finished Sq Ft:
4,600
Year Built:
1898
Schools
School District:
299
Interior
Bathrooms
4 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air, Zoned, Dual
Fireplaces Total
1
Heating
Gas, Steam, Radiator(s)
Laundry Features
Gas Dryer Hookup, In Unit, Laundry Chute, Laundry Closet
Exterior
Architectural Style
American 4-Sq.
Community Features
Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Frame
Exterior Features
Dog Run, Outdoor Grill, Fire Pit
Garage Spaces
2
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2
Patio And Porch Features
Porch, Patio
Roof
Asphalt
Window Features
Screens, Skylight(s), Drapes, Shutters
Financial
HOA Fee Frequency
Not Applicable
HOA Includes
None
Tax Year
2025
Taxes
$36,069
Debra Dobbs is one of Chicago’s top realtors with more than 42 years in the real estate business.
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Map
Current real estate data for Single Family in Chicago as of Nov 11, 2026
2,654
Single Family Listed
69
Avg DOM
244
Avg $ / SqFt
$543,678
Avg List Price
Community
- Address5331 N Magnolia Avenue Chicago IL
- SubdivisionLakewood Balmoral
- CityChicago
- CountyCook
- Zip Code60640
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Property Summary
- Located in the Lakewood Balmoral subdivision, 5331 N Magnolia Avenue Chicago IL is a Single Family for sale in Chicago, IL, 60640. It is listed for $2,200,000 and features 7 beds, 5 baths, and has approximately 4,600 square feet of living space, and was originally constructed in 1898. The current price per square foot is $478. The average price per square foot for Single Family listings in Chicago is $244. The average listing price for Single Family in Chicago is $543,678. To schedule a showing of MLS#mrd12783475 at 5331 N Magnolia Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.

Copyright 2026. All rights reserved.
5331 N Magnolia Avenue
Chicago, IL





