Closed

$1,449,995

2253 Magnolia Avenue, Chicago, IL 60614
9 Beds5 Baths25 days
2253 Magnolia Avenue·Chicago, IL 60614
9Bedrooms
5Bathrooms
1884Year Built
About This Home

This is a fantastic opportunity to invest in a well-maintained brick 3-flat + 3-level coach house in the desirable Lincoln Park/DePaul area. The property is fully occupied, making it an excellent option for an investor, or for someone looking to offset their mortgage payment by living in the coach house while renting out the other three units. Each unit is in high demand, and they rent quickly, with potential for rent increases.Coach house is 3 levels with 2 bedrooms and full bath upstairs, Kitchen / DR/ LR on main floor and bedroom, bathroom, laundry room / mechanicals on 1st floor. The 3-flat offers storage and shared laundry facilities in the basement, and all units have been updated over the years. Easy street parking. This property presents an incredible opportunity for a savvy investor or homeowner to own a great income-generating asset in a prime location! WALKING DISTANCE TO DEPAUL! Take a 3D Tour, CLICK on the 3D BUTTON & Walk Around. Watch a Custom Drone Video Tour, Click on Video Button!

MLS# 11834252Listed July 17, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms9
Total Bathrooms5
Total Rooms17

Size & Structure

Year Built1884
Lot Size24X124

Location

CountyCook
TownshipNorth Chicago
Zip Code60614

Financial

List Price$1,449,995
Annual Taxes (2021)$25,814
Monthly Tax Est.$2,151
Parcel #14321130030000
Interior Features

Heating

Natural GasForced Air

Basement

UnfinishedStorage SpaceFull
Exterior & Lot

Construction

Brick

Patio & Porch

Patio
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic
HOA & Community

Community Features

CurbsSidewalksStreet LightsStreet Paved
Schools
Elementary
Oscar Mayer Elementary School
District: 299
Middle School
Oscar Mayer Elementary School
District: 299
High School
Lincoln Park High School
District: 299
Tax & Financial
Annual Taxes
$25,814
Tax Year 2021
Monthly Tax Est.
$2,151
per month
Property Location

2253 Magnolia Avenue, Chicago, IL 60614Cook County

$1,449,995
2253 Magnolia Avenue
9 bd5 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
25 days on market
24X124
$25,814/yr taxes
$9,772
estimated monthly payment
Principal & Interest
$7,620/mo
Property Tax
$2,151/mo
$1,449,995
20% — $289,999
3%50%
6.875%
3%12%
Loan Amount
$1,159,996
Down Payment
$289,999

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Americorp, Ltd
Agent: Matt Laricy
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