5911 North Magnolia, Chicago IL 60660
$995,000

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Property Description

Discover an exceptional investment opportunity in the heart of the popular Edgewater neighborhood. This meticulously upgraded two-flat property is a rare gem, set on an extra-wide lot in the coveted Magnolia Glen. With one unit boasting luxury finishes and the second offering potential for added value, this property perfectly balances elegance and practicality. The first-floor 3 bedroom, 3 bathroom duplex down has been thoughtfully designed and extensively rehabbed, ensuring a high-quality living experience. This is a true masterpiece, featuring a stunning kitchen equipped with commercial-grade appliances, including a 6-burner Miele stove with a venting hood, a Bosch refrigerator, and a dishwasher. The honed granite countertops and full-height backsplash create an inviting atmosphere, complemented by a large separate island and custom cabinetry, including a charming built-in breakfast nook. The luxurious master bathroom is a retreat in itself, showcasing a walk-in shower and double bowl vanities, providing a spa-like experience at home. A built-in sauna downstairs provides the true Scandinavian experience of Andersonville's heritage. Each unit is equipped with separate high-efficiency heating and cooling systems, along with in-unit washer and dryer, ensuring comfort and convenience for tenants. Every detail has been attended to, from upgraded electrical and plumbing systems to new insulation and beautifully refinished dark hardwood floors. The second floor is bright and spacious with room to add value. Each unit enjoys a four-season room off the kitchen. The back yard has lots of potential to do as you please. Buildings in this condition are rare finds, making this an incredible opportunity to live in a stunning unit while generating rental income from the second unit above. Tenants are responsible for all utilities, allowing for a hassle-free investment experience. Don't miss your chance to own this exceptional property in one of the city's most desirable neighborhoods, where luxury meets practicality in perfect harmony. Effortless access to the Redline, Metra, the scenic lakefront path, charming shops and delightful dining, all the vibrant hotspots of Andersonville/Edgewater await you!

Features & Information

Key Details

  • List Price $995,000
  • Property Taxes $14,280.78
  • Price/ Sq. Ft. Unavailable
  • Year Built 1911
  • Parking Type Space/s
  • Status Active

Rooms

  • Total Rooms 20
  • Basement F

Exterior Features

  • Parking

  • Parking Details Space/s
  • # of Cars:  3

Building Information

  • Number of Units 2
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Gas, Forced Air, 2+ Sep Heating Systems, Indv Controls
  • Units

  • Unit 1 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Laundry Hook-Up, Range Hood, Hardwood Floors, Walk-In Closet
  • Unit 2 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors

Location

  • County Cook
  • Township North Chicago
  • Corporate Limits Chicago
  • Directions to Property Magnolia Is A One-way Going North, Property Is On The East Side Of The Street.
  • Schools

  • Elementary School District 299
  • School Name Swift Elementary School S
  • Junior High District 299
  • School Name Swift Elementary School S
  • High School District: 299
  • School Name Senn High School
  • Property Taxes

  • Tax 14280.78
  • Tax Year 2023
  • Tax Exemptions Homeowner
  • Parcel Identification Number 14053090050000

Utilities

  • Sewer Sewer-Publ

Listed by Brian Moon for Keller Williams ONEChicago | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 10/23/2024 1:02 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.

Explore Edgewater

The Edgewater neighborhood sits directly along the shore of Lake Michigan, affording breathtaking skyline views. Renowned for its sweeping beachfronts and parks, Edgewater offers residents natural beauty with an urban backdrop. Originally developed as a summer oasis for Chicago’s high society, this lakefront community remained an illustrious playground for the elite well into the 20th century. Edgewater has preserved much of its historic past, most evident in the neighborhood’s Bryn Mawr Historic District. Like a well-preserved time capsule, this historic district is a nod to Edgewater’s roaring twenties past.

Today, Edgewater is an eclectic home to many, with a mix of high-rise buildings and complexes, single-family homes, and much more. The neighborhood is highly regarded for its antique shopping, with a variety of options for those on the hunt for their next great vintage find. The area is also known for its expansive dining options, with a variety of cuisines spanning the globe. Edgewater is a quick trip to the Loop, located just seven miles north of the city’s bustling downtown, and easily connects to the city via CTA trains, buses, and Lake Shore Drive.

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