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4870 N Magnolia Avenue

Chicago, IL 60640

6 beds
3 baths
– sqft
4,500 sqft lot
1900 build
– on site

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

Listing courtesy of MRED / Jameson Sotheby's Int'l Realty as distributed by MLS GRID

Last checked: Checking… • Last updated May 28, 2025 •

MLS# 12355565 —

The Building

Year Built:

1900
Rebuilt:

Yes
Rebuilt Year:

2025
New Construction:

false
New Construction:

No
Construction Materials:

Brick
Roof:

Asphalt
Basement:

Finished, Full
Foundation Details:

Concrete Perimeter
Patio And Porch Features:

Patio
Other Equipment:

Ceiling Fan(s)
Window Features:

Screens

Interior

Room Type:

Utility Room-Lower Level
Rooms Total:

14

Location

Directions:

West side of Magnolia between Gunnison and Ainslie
Location:

88554
Location:

87291

The Property

Parcel Number:

14083170190000
Property Type:

Residential Income
Lot Size Dimensions:

25X180
Zoning:

MULTI
Waterfront:

false
Additional Parcels:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

11861.84

Beds

Bedrooms Total:

6
Bedrooms Possible:

6

Baths

Baths:

3
Full Baths:

3

The Listing

Virtual Tour Unbranded:

Virtual Tour
Special Listing Conditions:

None

Heating & Cooling

Heating:

Natural Gas, Forced Air, Sep Heating Systems - 2+

Utilities

Sewer:

Public Sewer
Water Source:

Lake Michigan

Schools

Elementary School:

Mccutcheon Elementary School
Elementary School District:

299
Middle Or Junior School:

Mccutcheon Elementary School
Middle Or Junior School District:

299
High School:

Senn High School
High School District:

299

The Community

Community Features:

Curbs, Gated, Sidewalks, Street Lights, Street Paved

Parking

Parking Total:

2
Parking Features:

On Site, Garage Owned, Detached, Garage
Garage Spaces:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/28/25 May 28, 2025	Sold Subject To Contingencies	MRED	$800,000
5/20/25 May 20, 2025	Price Changed	MRED	$800,000	-3.0%
5/15/25 May 15, 2025	Listed / Active	MRED	$825,000	71.2% (11.0% / YR)

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This multifamily located in Far North Side, Chicago, IL 60640 is currently for sale for $800,000. 4870 N Magnolia Avenue is a – square foot multifamily with 6 beds and 3 baths that has been on Estately for 34 days. 4870 N Magnolia Avenue is in the Far North Side neighborhood of Chicago and has a WalkScore® of 94, making it a walker’s paradise. This multifamily is in the attendance area of Mccutcheon Elementary School and Nicholas Senn High School.

Listing courtesy of MRED, Jameson Sotheby's Int'l Realty, and Sophia Klopas as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of May 28, 2025, 10:16 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.