Commercial > Multi-family / Apartments
Active
10/16/2024
List Price
$995,000
5911 Magnolia Ave
Chicago, IL 60660
- 6Beds
- 4Baths
- 3,414ft²Living Area
- 3,920ft²Lot Size
- -Pool
- 3Car
- 1911Year Built
- 3DOM
- -Permit
5911 Magnolia Ave, Chicago, IL 60660 is a 6 bed, 4 bath, 3,414 ft² multi-family/apartments property built in 1911 on a 0.090 acre lot. This multi-family/apartments is currently listed for $995,000, and it was last sold in 2018 for $860,000.
MLS Description
The listing agent's description. Original Listing
Discover an exceptional investment opportunity in the heart of the popular Edgewater neighborhood. This meticulously upgraded two-flat property is a rare gem, set on an extra-wide lot in the coveted Magnolia Glen. With one unit boasting luxury finishes and the second offering potential for added value, this property perfectly balances elegance and practicality. The first-floor 3 bedroom, 3 bathroom duplex down has been thoughtfully designed and extensively rehabbed, ensuring a high-quality living experience. This is a true masterpiece, featuring a stunning kitchen equipped with commercial-grade appliances, including a 6-burner Miele stove with a venting hood, a Bosch refrigerator, and a dishwasher. The honed granite countertops and full-height backsplash create an inviting atmosphere, complemented by a large separate island and custom cabinetry, including a charming built-in breakfast nook. The luxurious master bathroom is a retreat in itself, showcasing a walk-in shower and double bowl vanities, providing a spa-like experience at home. A built-in sauna downstairs provides the true Scandinavian experience of Andersonville's heritage. Each unit is equipped with separate high-efficiency heating and cooling systems, along with in-unit washer and dryer, ensuring comfort and convenience for tenants. Every detail has been attended to, from upgraded electrical and plumbing systems to new insulation and beautifully refinished dark hardwood floors. The second floor is bright and spacious with room to add value. Each unit enjoys a four-season room off the kitchen. The back yard has lots of potential to do as you please. Buildings in this condition are rare finds, making this an incredible opportunity to live in a stunning unit while generating rental income from the second unit above. Tenants are responsible for all utilities, allowing for a hassle-free investment experience. Don't miss your chance to own this exceptional property in one of the city's most desirable neighborhoods, where luxury meets practicality in perfect harmony. Effortless access to the Redline, Metra, the scenic lakefront path, charming shops and delightful dining, all the vibrant hotspots of Andersonville/Edgewater await you!
Open House
The property is open to prospective buyers on .
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Listing Agents
The listing agent for 5911 Magnolia Ave is Brian Moon.
BM
Brian Moon
Keller Williams ONEChicago
License: 475135466
Phone: (312) 216-2422
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$13,607.77From latest Total Assessed Value19.17%Total Assessed Value$71,000=Land+
Assessed Value$33,328Additions
Assessed Value$37,672
In 2021, taxes billed for 5911 Magnolia Ave were $13,607.77, which is 19.17% from latest Total Assessed Value of $71,000.
Property History
5911 Magnolia Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 5911 Magnolia Ave
Hazard Risks
Wind156Hail149Particulates141Air Pollution110Ozone105Carb Mono101Nat'l Avg100Tornado78Lead58Weather51Earthquake46Hurricane13
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 5911 Magnolia Ave.
Walkability Index
14 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
5911 Magnolia Ave has a walkability score of 14 out of 20, which means that it is in a somewhat walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
19°F
High
34°F
Summer
Average
Low
62°F
High
80°F
In the winter at 5911 Magnolia Ave, temperatures range from 18.98°F to 33.67°F with an average of 26.33°F. In the summer, the temperature ranges from 61.76°F to 80.45°F with and average of 71.11°F.
School Information
Public/private schools serving 5911 Magnolia Ave
Public Schools
Senn High School
Grades: 9-12
0.29 mi
C-
Swift Elementary School
Grades: PK-8
0.14 mi
C
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 5911 Magnolia Ave have ratings undefined, and undefined.
Neighborhood
This property is located in Edgewater, Chicago, IL 60660.
Seasonal Housing units 60660
12%of housing is for seasonal rent.
Daytime Population for 60660
-12%of people during work hours.
Boundary map of Edgewater.
Crime Index for 60660
153
153
The crime index in 60660 is 153, which is 1.5 times higher than national average.
Market Trends
Historical market data near 5911 Magnolia Ave over selected time period.
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