4870 North Magnolia, Chicago IL 60640
$899,000

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Property Description

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!

Features & Information

Key Details

  • List Price $899,000
  • Property Taxes $11,861.84
  • Price/ Sq. Ft. Unavailable
  • Year Built 1900
  • Parking Type Garage
  • Status New

Rooms

  • Total Rooms 11
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2

Building Information

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

  • Unit 1 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Hardwood Floors
  • Unit 2 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Hardwood Floors

Location

  • County Cook
  • Township Lake View
  • Corporate Limits Chicago
  • Directions to Property West Side Of Magnolia Between Gunnison And Ainslie
  • Schools

  • Elementary School District 299
  • School Name Mccutcheon Elementary Sch
  • Junior High District 299
  • School Name Mccutcheon Elementary Sch
  • High School District: 299
  • School Name Senn High School
  • Property Taxes

  • Tax 11861.84
  • Tax Year 2023
  • Tax Exemptions None
  • Parcel Identification Number 14083170190000

Utilities

  • Sewer Sewer-Publ

Based on information submitted to the MLS GRID as of 1/13/2025 2:32 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 Uptown

From the bustling and historic entertainment district to the picturesque lakefront, Chicago's Uptown neighborhood is buzzing with a variety of interesting shops, ethnic restaurants, exciting clubs and eclectic boutiques. Sharing its coveted Lake Michigan beaches with other communities along the water's edge, Uptown owns the market on island paradise-like sands and beautiful shoreline parkland. There is even a public skatepark where rollerbladers and skateboarders can practice their moves and share wipe-out stories with fellow Uptown skaters. Set back from the Lake Michigan shore are the sought-after residential blocks of stately, landmark mansions and vintage, courtyard condominiums. Uptown has its share modern lofts and rehabbed residences, too. Upgraded condo conversions and top-of-the-line finishes are standard in much of the real estate available today. But, if you prefer that antiquated charm, with a fixer-up feel the old, un-renovated buildings of Uptown will be right up your alley.

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