4870 N Magnolia Avenue, Chicago, IL 60640 - Photo 1

1/1

$763,800

Sold
Closed
Multi-Family
6 Total Beds
2 Car Garage

1/1

Property Description

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.

Full Property Details

Full Property Details for 4870 N Magnolia Ave

General

Sold For: $763,800
Taxes: $11,861 (2023)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12422656
Added to Site: 206 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 3
Bathroom Features: No Tub

Bedrooms

Total Bedrooms: 6

Additional Information

Equipment: Ceiling Fan(s)
Other Features: Commuter Bus, Commuter Train

Parking

Garage: Yes
Garage Spaces: 2
Total Spaces: 2
Parking Features: On Site, Garage Owned, Detached, Garage
Parking On-Site: Yes

Location

Area: CHI - Uptown
County: Cook
Driving Directions: West side of Magnolia between Gunnison and Ainslie

School Information

School District: 299
Midd School District: 299
Elementary School: Mccutcheon Elementary School
Middle School: Mccutcheon Elementary School
High School: Senn High School
Private School: Senn High School

Heating & Cooling

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

Utilities

Water: Lake Michigan

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: Finished, Full
Foundation: Concrete Perimeter
Roof: Asphalt
Windows: Screens
Year Built: 1900
Built Before 1978: Yes
Remodeled/Updated: 2025

Unit Information

Units in Building: 2

Lot Features

Lot Size Range: Oversized Chicago Lot
Lot Dimensions: 25 x 180
Zoning: MULTI

Financial Considerations

Parking Included: Yes
Assessment Year: 1900
Tax Amount: $11,861.84
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Property ID: 14083170190000

Listed by Jameson Sotheby's Int'l Realty
Sold by Baird & Warner

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— 4870 N Magnolia Ave —

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Schools

Schools serving 4870 N Magnolia Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Mccutcheon Elementary School 4865 North Sheridan Road, Chicago, IL 60640	PK-8	0.3 mi
Senn High School 5900 North Glenwood Avenue, Chicago, IL 60660	9-12	1.3 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 4870 N Magnolia Ave

Date

Details

Price

Change

Source

9/10/2025

Sold

$763,800

-2.08%

MLS

7/30/2025

Price Reduced

$780,000

-2.5%

MLS

7/17/2025

Listed

$800,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4870 N Magnolia Avenue, Chicago, IL 60640 (MLS# 12422656) is a Multi-Family property that was sold at $763,800 on September 10, 2025. Want to learn more about 4870 N Magnolia Avenue? Do you have questions about finding other Multi-Family real estate for sale in Uptown? You can browse all Uptown real estate or contact a Coldwell Banker agent to request more information.

4870 N Magnolia Ave Chicago, IL 60640