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
Pending
Price cut: $25K (5/20)
$800,000
4870 N Magnolia Ave, Chicago, IL 60640
6beds
--sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Fully finished lower levelFenced-in yardNew kitchensHuge backyardOversized lotFloor finishes
- 62 days
- on Zillow |
- 163 |
- 2 |
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#: 12355565

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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