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$2,850,000

Est. payment - /mo

9 BD

Active

4616 N Magnolia Avenue Chicago, IL 60640

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Paul Osipoff

paulosipoff1@gmail.com +1(708) 441-5241

UPDATED:

02/05/2025 08:03 AM

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12219081

Bedrooms 9

Year Built 1910

Annual Tax Amount $32,548

Tax Year 2023

Lot Dimensions 100 X 155

Property Sub-Type Two to Four Units

Property Description

100x155 lot size - Discover a rare opportunity with this exquisitely updated 3-unit multi-family property, originally built in 1910, located in the heart of Sheridan Park between Ravenswood and Uptown. Adding to the allure is the prized, adjoining secret garden-a serene oasis tucked away from the bustling city. With its lush greenery and tranquil charm, it offers a rare retreat in an urban setting, providing a perfect escape for relaxation and enjoyment. This additional lot also holds potential for future development or can remain as a cherished garden, enhancing the property's uniqueness. Seamlessly blending historic charm with modern conveniences, this property offers endless potential for both homeowners and investors. Each of the three expansive units features classic architectural details such as original built-ins, antique ice chests, butler's pantries, stunning millwork, stained glass windows, and gas fireplaces. The spacious floorplans include grand foyers, three large bedrooms (two en-suite), bright living rooms with built-in bookcases, and enclosed sunporches that provide treetop views and an abundance of natural light. A charming library in each unit can easily serve as a fourth bedroom, adding flexibility for tenants or owners. A true standout feature is the lower-level basement, which holds the potential to be re-imagined as a fourth unit-unlocking even more value. The property has been thoughtfully updated, ensuring the perfect blend of old-world elegance and contemporary living. Security and convenience are prioritized, with a fully gated lot, security cameras, an alarm system, and rare garage parking for up to seven vehicles. Situated just steps from public transit, boutique shopping, and a vibrant restaurant scene, this multifamily masterpiece offers an unmatched urban lifestyle. Whether you're looking to generate rental income or secure a one-of-a-kind residence with investment potential, this property is a true investor's goldmine. Pride of ownership shines throughout-schedule your showing today and explore the possibilities! Please note: Each unit is a separate unit part of a three unit condo with its own PIN.

Location

State IL

County Cook

Rooms

Basement Full, English

Interior

Heating Other

Fireplace N

Exterior

Parking Features Detached

Garage Spaces 7.0

View Y/N true

Building

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

Elementary Schools Courtenay Elementary School Lang

Middle Schools Courtenay Elementary School Lang

High Schools Senn High School

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Virtual Tour https://tour.vht.com/434423027/4616-n-magnolia-ave-unit-chicago-il-60640/idxs

Listed by Carrie McCormick • @properties Christie's International Real Estate

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Paul Osipoff

Broker | License ID: 475.175198

+1(708) 441-5241

4616 N Magnolia Avenue Chicago, IL 60640

Paul Osipoff

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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4616 N Magnolia Avenue