4870 North Magnolia Avenue

Chicago, IL 60640

$899,900
Price
6
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Come check out this gut-rehabbed 2-flat + finished basement in Uptown / Andersonville! Potential gross rents of $74,400 annually once rented out! Please view photos 44 & 45 for proforma rent roll and operating statement if property were to be fully rented out. Located on a 25x180 sq. ft. lot on a quiet residential street, this property is the perfect place for a new owner in search of a big backyard to call home. 4870 N Magnolia was recently renovated with all new utilities and as of November 2024,...Come check out this gut-rehabbed 2-flat + finished basement in Uptown / Andersonville! Potential gross rents of $74,400 annually once rented out! Please view photos 44 & 45 for proforma rent roll and operating statement if property were to be fully rented out. Located on a 25x180 sq. ft. lot on a quiet residential street, this property is the perfect place for a new owner in search of a big backyard to call home. 4870 N Magnolia was recently renovated with all new utilities and as of November 2024, BRAND NEW WINDOWS, FRESH PAINT, AND TRIM THROUGHOUT IN ADDITION TO THE RENOVATIONS COMPLETED EARLIER THIS YEAR. The bathrooms feature brand new finishes and the property still shows its original style and character. The first floor is a 2br/1ba apartment, second floor is 3br/1ba, and the basement has a sink and additional bedroom, allowing for a potential 3rd unit or duplex down with the first floor. Basement even features a cellar for additional storage or creative wine cellar! The second floor 3br/1ba has living and dining rooms - the front living room can easily be converted into a large master bedroom with the current bedroom as a massive walk-in closet. This would make for a PERFECT owner-user unit. Truly no major expenses left for the buyer of this beautiful building. We are officially priced to sell - bring your clients to check it out today! Full offering memorandum is available upon request.
  1. Listed by John Preston • Horvath & Tremblay IL, LLC

Property Details for 4870 North Magnolia Avenue

Area
CHI - Uptown
Township
Lake View
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas, Forced Air

Open Houses

Sunday, Nov 24th

10:30 AM - 12:00 PM

Public

LISTING UPDATED: 11/20/2024 02:26 AM

Property Details for 4870 North Magnolia Avenue

StatusPrice Change
MLS #12169093
Days on Market65
Taxes$11,861 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1899
Lot Size0.10 AC / 4,356 SF
CountyCook County

Building Information for 4870 North Magnolia Avenue

Stories-Residences2Year Built1899Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 4870 North Magnolia Avenue

General Information
School Information
  • Elementary School District: 130
  • High School District: 130
  • Middle Or Junior School District: 130
Addtl Parking Information
  • Garage On Site: true
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 11
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 6
  • Basement Description: Finished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2024
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X180
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: None
  • North Coordinate: 4800
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 1200
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 45
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 0
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0

Property History for 4870 North Magnolia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4870 North Magnolia Avenue

Taxable ValueLand$36,400Additions$19,820Total$56,220
Tax Record2022$11,563 ($964 / month)
Home Facts
Baths2Total Finished SqFt1,716 SqFtAbove Grade Finished SqFt1,716 SqFtStories2Lot Size4,550 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyCOOKAPN14-08-317-019

Schools near 4870 North Magnolia Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mccutcheon Elementary School
PublicPK to 8

Senn High School
Public9 to 12

YCCS-Truman Middle College HS
Charter9 to 12

Uplift Community High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

4870 North Magnolia Avenue is a multi-family home for sale in Chicago, IL 60640. This property was listed for sale on September 20, 2024 by Horvath & Tremblay IL, LLC, it's currently listed at $899,900. It has been on the market for a total of 65 days and was last sold on May 30, 2024. This listing's school district is Chicago Public Schools. Nearby schools include Mccutcheon Elementary School, Senn High School and YCCS-Truman Middle College HS. 4870 North Magnolia Avenue is a 6-bed, 3-bath, multi-family home built in 1899.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Horvath & Tremblay IL, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/20/2024 02:26 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.