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Sara Macak

saramacak1@gmail.com +1(630) 207-6658

$899,900

Est. payment - /mo

6 Beds

4,356 Sqft Lot

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OPEN HOUSE

Sun Nov 24, 10:30am - 12:00pm

UPDATED:

11/20/2024 08:26 AM

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12169093

Bedrooms 6

Year Built 1899

Annual Tax Amount $11,861

Tax Year 2023

Lot Size 4,356 Sqft

Lot Dimensions 25X180

Property 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, 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.

Location

State IL

County Cook

Area Chi - Uptown

Rooms

Basement Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Detached

Garage Spaces 2.0

Waterfront false

Building

Dwelling Type Two to Four Units

Water Lake Michigan

New Construction false

Schools

School District 130 , 130, 130

Others

Ownership Fee Simple

Special Listing Condition None

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Listed by John Preston • Horvath & Tremblay IL, LLC

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Sara Macak

Broker | License ID: 475.193648

+1(630) 207-6658

4870 N Magnolia AVE Chicago, IL 60640

Sara Macak

Sara Macak

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

4870 N Magnolia AVE