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
Taxes
Visits
Year Built
Walkscore
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than LW Reedy may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.Based on information submitted to the MLS GRID as of August 17, 2022 6:57 AM UTC 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.
Data is updated as of August 17, 2022 6:57 AM UTC
