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5458 N Magnolia Avenue

Chicago, IL 60640
  • $1,399,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 11413478
$1,399,000
  • 5
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $280
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1910
County:

School Ratings & Info

School District:
299

Description

Majestic and Massive Georgian Brick Home on 50' Corner Lot - First time on the market in 25 years this historic home is not to be missed. With exposure from all directions, every room in this home is washed in light from the East facing sunrooms to the living areas to the kitchens with extra large windows. The 1st floor unit is currently 3 br, 2 bath with renovated state of the art Kitchen. The owner's 2nd floor unit is 2B, 2B and has updated Kitchen, and w/d on the floor. One option for this building is additional renovation and updating for a traditional SFH floor plan. Major work is required to place all living/entertaining rooms on the first floor and all bedrooms on the second floor. (this is for an owner-occupant who is not afraid of a large project pulling in contractors and architects.) The upside here is similar brick homes on a double corner lots in this specific neighborhood sell for well over 2.M which makes your investment solid. Another option is de-conversion back to original layout of 2 unit building. This will require moderate renovation. The home has an open entryway that combines the space now and is zoned as Single Family. This plan for the building is for an owner-occupant who wants to benefit from rental income. See floor plans for the many rooms, dimensions, and floor layouts. This is such a rare offering; providing opportunity to live in a massive single family home or divide back into two floors as an owner's unit plus rental, or divide floors and develop two luxury condos. Location is perfectly situated and walking distance to Foster Beach and the Lakefront Path, Andersonville retail and restaurants, and easy access to schools such as The Lycee Francais, Sacred Heart/Hardy Prep Academy, The Waldorf School, Rogers Park Montessori, Peirce School, St Gregory's School and Loyola University Lakeshore Campus.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2022-06-27T23:58:40.6 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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5458 N Magnolia Avenue Chicago, IL 60640

  • Price: $1,399,000
  • Status: Active
  • On Site: 34 Days
  • MLS #: 11413478
5
Beds
4
Baths
0
½ Baths
N/A
Acres
5,000
SQFT
$280
$/SQFT
1910
Built
Neighborhood:
Lakewood Balmoral
County:
Cook
Area:
Chi - Edgewater
School District:
299
Property Description
Majestic and Massive Georgian Brick Home on 50' Corner Lot - First time on the market in 25 years this historic home is not to be missed. With exposure from all directions, every room in this home is washed in light from the East facing sunrooms to the living areas to the kitchens with extra large windows. The 1st floor unit is currently 3 br, 2 bath with renovated state of the art Kitchen. The owner's 2nd floor unit is 2B, 2B and has updated Kitchen, and w/d on the floor. One option for this building is additional renovation and updating for a traditional SFH floor plan. Major work is required to place all living/entertaining rooms on the first floor and all bedrooms on the second floor. (this is for an owner-occupant who is not afraid of a large project pulling in contractors and architects.) The upside here is similar brick homes on a double corner lots in this specific neighborhood sell for well over 2.M which makes your investment solid. Another option is de-conversion back to original layout of 2 unit building. This will require moderate renovation. The home has an open entryway that combines the space now and is zoned as Single Family. This plan for the building is for an owner-occupant who wants to benefit from rental income. See floor plans for the many rooms, dimensions, and floor layouts. This is such a rare offering; providing opportunity to live in a massive single family home or divide back into two floors as an owner's unit plus rental, or divide floors and develop two luxury condos. Location is perfectly situated and walking distance to Foster Beach and the Lakefront Path, Andersonville retail and restaurants, and easy access to schools such as The Lycee Francais, Sacred Heart/Hardy Prep Academy, The Waldorf School, Rogers Park Montessori, Peirce School, St Gregory's School and Loyola University Lakeshore Campus.
Exterior Features

Architectural Style GeorgianTraditional Exterior Building Type Brick Exterior Features Brick Paver Patio Is Parking Included In Price Yes Lot Size Oversized Chicago Lot Parking Details Space/S Parking Onsite Yes Parking Ownership Owned Parking Total 2 Types 2 Stories Waterfront YN No

Interior Features

Approximate Finished Sq Ft 0 Basement Partially Finished Basement Bathrooms YN Yes Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 5 Cooling Central Air Door Features French Doors Fireplace Location Living RoomBedroomKitchen Fireplaces Total 3 Heating Natural Gas Interior Features Hardwood FloorsCeiling - 9 FootCenter Hall PlanCoffered Ceiling(S)Open FloorplanDining ComboGranite Counters Room Type KitchenBedroom 5Sitting RoomSun Room Rooms Bedroom 5 (Main) Sitting Room (Second) Kitchen- 2nd (Main) Sun Room (Main) Bedroom 2 (Second) Bedroom 3 (Main) Bedroom 4 (Main) Dining Room (Second) Family Room (Main) Kitchen (Second) Laundry (Basement) Living Room (Second) Master Bedroom (Second) Rooms Total 11 Total Sq Ft 0 Unfinished Sqft 0

Property Features

Age 100+ Years Assessor Square Footage 5248 Association Fee Frequency Not Applicable Association Fee Includes None Built Before1978 YN Yes Community Features CurbsSidewalksStreet LightsStreet Paved Corporate Limits Chicago Disability Access And Or Equipped No General Information Commuter BusCommuter TrainHistorical District Master Association Fee Frequency Not Required Mls Actual Status Active New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 2017 Sewer Public Sewer Special Listing Conditions List Broker Must Accompany Tax Annual Amount 21795.43 Tax Year 2020 Township Lake View Type Detached Single Water Source Lake Michigan

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2022-06-27T23:58:40.6 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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