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$4,000,000
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Property Description
Introducing an exceptional new construction investment opportunity, this sleek and sophisticated six-unit building offers the perfect combination of luxury and functionality. Oversized deep lot creates expansive layouts, providing large living and bedroom spaces. The building comprises of Two 4-bedroom, 2.5-bath duplex down homes -Two 2-bedroom, 2-bath simplex middle floor units - and Two 2-bedroom, 2-bath penthouse units with interior staircases to private roof decks including an oversized doghouse with wet bars. Each unit is thoughtfully designed with an emphasis on quality and style, featuring: Brand-new gourmet kitchens equipped with professional-grade appliances, stone countertops, and full-height backsplashes. Custom bathrooms with luxurious finishes including heated floors and steam showers. The building is secured with gated, private parking, offering a designated space for each unit, including power for electric vehicles. The standout facade combines timeless brick and limestone, creating a visually stunning exterior that makes a statement. Top-tier construction with concrete soundproofing, hardwood floors throughout, and custom trim in every detail. Built to condo-quality standards, this property offers durability and luxury in one investment package. Whether for long-term rental or future resale, this is an unparalleled opportunity for premium urban living.
Full Property Details
Full Property Details for 4642 N Magnolia Ave
General
- Sold For: $4,000,000
- Taxes: $10,254 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12371680
- Added to Site: 241 day(s) ago
Interior
- Fireplace: Yes
Additional Information
- Security/Safety: Sprinklers (Wet), Sprinklers
Location
- Area: CHI - Uptown
- County: Cook
- Driving Directions: Wilson to Magnolia, North to Property.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas, Separate per Unit
Utilities
- Onsite: Sewer Connected
Structural Information
- Construction: Brick, Limestone
- Exterior Const.: Brick, Limestone
- Basement Desc.: Finished, 8 ft + pour
- Foundation: Concrete Perimeter
- Roof: Membrane
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 2024
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 6
Lot Features
- Lot Dimensions: 50 x 162
- Frontage: City Street, Alley Access
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $9,800
- Security Deposit: Sprinklers-Wet, Sprinklers
- Assessment Year: 2024
- Tax Amount: $10,254.11
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 14171100160000
Listed by Compass
Sold by Compass
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Schools
Schools serving 4642 N Magnolia Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Courtenay Elementary Language Arts Center 4420 North Beacon Street, Chicago, IL 60640 | PK-8 | 0.4 mi |
Senn High School 5900 North Glenwood Avenue, Chicago, IL 60660 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4642 N Magnolia Ave
Date
Details
Price
Change
Source
10/14/2025
Sold
$4,000,000
-4.76%
MLS
5/21/2025
Listed
$4,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4642 N Magnolia Avenue, Chicago, IL 60640 (MLS# 12371680) is a Commercial property that was sold at $4,000,000 on October 14, 2025. Want to learn more about 4642 N Magnolia Avenue? Do you have questions about finding other Commercial real estate for sale in Uptown? You can browse all Uptown real estate or contact a Coldwell Banker agent to request more information.

