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Pending
  • Price cut: $25K (5/20)
    $800,000

    4870 N Magnolia Ave, Chicago, IL 60640

    6beds
    --sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Fully finished lower levelFenced-in yardNew kitchensHuge backyardOversized lotFloor finishes
    WALK THRU VIDEO ON VIRTUAL TOUR BUTTON. Legal 2 unit (not a 3 unit - BEDROOMS CAN HOLD TWIN BEDS) with 3 bedrooms top floor and a 3bed/2bth/2 kitchen duplex down (basement can be it's own unit. The basement height is 6 ft 5 at it's highest point - you take the back interior stairs to get to basement) 25 x 180 oversized lot! Rental comps around 2500 and 3500 for a total of 6k a month. 2025 renovations include nearly everything from structural, including new roof, windows, plumbing, and HVAC, to cosmetic, including drywall, insulation, floor finishes, lighting, cabinetry, appliances, and a fully finished lower level. 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. Great uptown loaction on small 2 block run of Magnolia - close to the train, lake and shopping districts. Great rent potential and an area that is appreciating very fast. 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. - Gas Forced heat, central AC, new kitchens, Washer and Dryer on EVERY floor. HUGE backyard
    62 days
    on Zillow
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    163
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    2
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    Zillow last checked: 7 hours ago

    Listing updated: July 01, 2025 at 01:48pm

    Listing courtesy of:

    Sophia Klopas (312)927-0334,

    Jameson Sotheby's Int'l Realty,

    Jason Stratton,

    Jameson Sotheby's Int'l Realty

    Source: MRED as distributed by MLS GRID,MLS#: 12355565MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Utility Room-Lower Level
    Bathroom
    • Features: No Tub
    Heating
    • Natural Gas, Forced Air, Sep Heating Systems - 2+
    Features
    • Windows: Screens
    • Basement: Finished,Full
    Video & virtual tour

    Property

    Parking
    • Total spaces: 2
    • Parking features: On Site, Garage Owned, Detached, Garage
    • Garage spaces: 2
    Features
    • Patio & porch: Patio
    Lot
    • Size: 4,500 Square Feet
    • Dimensions: 25X180
    Details
    • Parcel number: 14083170190000
    • Zoning: MULTI
    • Special conditions: None
    • Other equipment: Ceiling Fan(s)

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1900
    • Major remodel year: 2025

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & HOA

    Community
    • Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
    Location
    • Region: Chicago

    Financial & listing details

    • Tax assessed value: $562,200
    • Annual tax amount: $11,861
    • Date on market: 5/15/2025
    • Ownership: Fee Simple
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