5516 N Magnolia Avenue
Chicago, IL, 60640
$1,200,000
8 Beds
5 Baths
0 SqFt
0 Acres
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$1,200,000
5516 N Magnolia Avenue
Chicago, IL, 60640
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*Highest and best due by Monday, April 14 at 6 pm. Lovely, large 3-flat on 50′ lot on the west side of Magnolia, in beautiful Historic Lakewood Balmoral (no restrictions or Landmarking). Excellent opportunity to own rental units in this highly desired neighborhood, or convert to a single family home. Either way, some work is needed. Estate Sale; As Is. First floor has three bedrooms; one currently used as a den, with interior stairs to the basement. Duplex down potential! Two full bathrooms on this floor; huge double living room, generous sized dining room, family room with fireplace which is currently non-functioning but can be repaired. Bonus room off the kitchen leads to back deck overlooking the nice backyard. 2nd floor has 3 bedrooms, one full bathroom, and an additional room above the stairwell which makes an excellent office space. 3rd floor has two bedrooms (one without a closet), a pretty living room, a dining room or den, and large laundry room. Basement is unfinished; new boiler 6 years ago, water heater installed 2018. Roof approximately 23 years old. Wonderful community, easy access to Red Line, LSD, the lake front, beaches, and all the great stuff in Andersonville!

Property Details

Price:
$1,200,000
MLS #:
MRD12324503
Status:
Active Under Contract
Beds:
8
Baths:
5
Address:
5516 N Magnolia Avenue
Type:
Multi Family
Subdivision:
Lakewood Balmoral
Neighborhood:
CHI – Edgewater
City:
Chicago
Listed Date:
Apr 10, 2025
State:
IL
ZIP:
60640
Year Built:
1903

Schools

School District:
299
Elementary School:
Peirce Elementary School Intl St
High School:
Senn High School

Interior

Heating
Natural Gas, Steam

Exterior

Construction Materials
Stucco
Parking Features
On Site, Detached, Garage
Parking Spots
2

Financial

Tax Year
2023
Taxes
$5,522
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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5516 N Magnolia Avenue
Chicago, IL