Price Reduction - Waterfront
Address
5458 N Magnolia Avenue, Chicago, IL
Price
$ 1,329,000
Property Attributes
  • MLS#11413478
  • TypeSingle Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Edgewater
  • NeighborhoodLakewood Balmoral
  • Zip60640
  • StyleGeorgian,Traditional
  • Year Built1910
  • Taxes$ 21795
  • Price$ 1,329,000
  • Bedrooms5
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage5000
Data Source:
Midwest Real Estate Data (MRED)
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.

Price History
5/24/2022 Listed $1,500,000
6/13/2022 7% - $1,399,000
7/27/2022 6% - $1,329,000

General Features

Architectural Style Georgian, Traditional
Association Fee Includes None
Basement Full
City Chicago
Community Features Curbs, Sidewalks, Street Lights, Street Paved
Cooling Central Air
County Cook
Days on Market 71
Directions LSD to Foster or Bryn Mawr, Magnolia one way south
Elementary School District 299
Exterior Features Brick Paver Patio
HOA Fee Frequency Not Applicable
Heating Natural Gas
High School District 299
Interior Features Hardwood Floors, Ceiling - 9 Foot, Center Hall Plan, Coffered Ceiling(s), Open Floorplan, Dining Combo, Granite Counters
MLS Area CHI - Edgewater
Middle/Junior School District 299
New Construction No
Ownership Fee Simple
Possession Closing
Property Type Detached Single
Property Type Residential
Sewer Public Sewer
Standard Status Active
Status Active
Street Name Magnolia
Subdivision Name Lakewood Balmoral
Tax Annual Amount 21795.43
Tax Year 2020
Total Rooms 11
Township Lake View
Virtual Tour https://tours.vht.com/CMPSCHI/T434252074/nobranding
Waterfront Y/N No
Year Built 1910

Interior Features

Basement Partially Finished
Bedrooms Possible 5
Full Baths 4
Livingareasource Plans
Room Type Kitchen, Bedroom 5, Sitting Room, Sun Room
Street Suffix Avenue
Total Baths 4
Total Bedrooms 5
Total Fireplaces 3

Exterior Features

Living Area 5000
Door Features French Doors
Exterior Brick
Lot Dimensions 50X125
Total Parking 2
Water Source Lake Michigan

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 60640

Price
AVG $1.06M
$1.33M
Taxes
AVG $13,419
$21,795
Visits
AVG 42
44
Year Built
AVG 1921
1910
Walkscore
AVG 94
95
Data Provided by Walkscore ® not using MLS data

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