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$2,850,000

4616 Magnolia Avenue, Chicago, IL 60640
9 Beds10 Baths39 days
4616 Magnolia Avenue·Chicago, IL 60640
9Bedrooms
10Bathrooms
1910Year Built
About This Home

100x155 lot size - Discover a rare opportunity with this exquisitely updated 3-unit multi-family property, originally built in 1910, located in the heart of Sheridan Park between Ravenswood and Uptown. Adding to the allure is the prized, adjoining secret garden-a serene oasis tucked away from the bustling city. With its lush greenery and tranquil charm, it offers a rare retreat in an urban setting, providing a perfect escape for relaxation and enjoyment. This additional lot also holds potential for future development or can remain as a cherished garden, enhancing the property's uniqueness. Seamlessly blending historic charm with modern conveniences, this property offers endless potential for both homeowners and investors. Each of the three expansive units features classic architectural details such as original built-ins, antique ice chests, butler's pantries, stunning millwork, stained glass windows, and gas fireplaces. The spacious floorplans include grand foyers, three large bedrooms (two en-suite), bright living rooms with built-in bookcases, and enclosed sunporches that provide treetop views and an abundance of natural light. A charming library in each unit can easily serve as a fourth bedroom, adding flexibility for tenants or owners. A true standout feature is the lower-level basement, which holds the potential to be re-imagined as a fourth unit-unlocking even more value. The property has been thoughtfully updated, ensuring the perfect blend of old-world elegance and contemporary living. Security and convenience are prioritized, with a fully gated lot, security cameras, an alarm system, and rare garage parking for up to seven vehicles. Situated just steps from public transit, boutique shopping, and a vibrant restaurant scene, this multifamily masterpiece offers an unmatched urban lifestyle. Whether you're looking to generate rental income or secure a one-of-a-kind residence with investment potential, this property is a true investor's goldmine. Pride of ownership shines throughout-schedule your showing today and explore the possibilities! Please note: Each unit is a separate unit part of a three unit condo with its own PIN.

MLS# 12219081Listed January 29, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms9
Total Bathrooms10
Total Rooms35

Size & Structure

Garage Spaces7
Year Built1910
Lot Size100 X 155

Location

CountyCook
TownshipLake View
Zip Code60640

Financial

List Price$2,850,000
Annual Taxes (2023)$32,549
Monthly Tax Est.$2,712
Parcel #14171100251002
Interior Features

Heating

Other

Basement

Partially FinishedFullDaylight
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteGarage OwnedDetachedGarage
Schools
Elementary
Courtenay Elementary School Lang
District: 299
Middle School
Courtenay Elementary School Lang
District: 299
High School
Senn High School
District: 299
Tax & Financial
Annual Taxes
$32,549
Tax Year 2023
Monthly Tax Est.
$2,712
per month
Property Location

4616 Magnolia Avenue, Chicago, IL 60640 — Cook County

$2,850,000
4616 Magnolia Avenue
9 bd10 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
39 days on market
7-car garage
100 X 155
$32,549/yr taxes
$17,690
estimated monthly payment
Principal & Interest
$14,978/mo
Property Tax
$2,712/mo
$2,850,000
20% — $570,000
3%50%
6.875%
3%12%
Loan Amount
$2,280,000
Down Payment
$570,000

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

Listed by
@properties Christie's International Real Estate
Agent: Carrie McCormick
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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