2253 N Magnolia Avenue Chicago, IL
$ 1,369,000
Property Attributes
  • MLS#11037647
  • TypeContingent
  • CountyCOOK
  • CityChicago
  • AreaCHI - Lincoln Park
  • NeighborhoodSheffield Neighbors
  • Zip60614
  • Style
  • Year Built1884
  • Taxes$ 24136
  • Price$ 1,369,000
  • Bedrooms9
  • Full Bathrooms5
  • Half Bathrooms0
Listing Provided Courtesy Of:
Data Source:
Midwest Real Estate Data LLC
Property Description

Lincoln Park / DePaul brick 3 flat + 3 level coach house - first time on the market in 27 years, this building is perfect for an investor or someone who wants to live in the coach house with the other 3 units offsetting their mortgage payment. Tenants pay their own utilities. Units rent very easily, and there is room in the rents for an increase. Gross income of $8,825 per month with a cap rate of ~5.5%. Taxes $24,137. Insurance $3231 Utilities $1748 (water & electric). No garage/parking but VERY easy street parking. Coach house is 3 levels with 2 bedrooms and full bath upstairs, Kitchen / DR/ LR on main floor and bedroom, bathroom, laundry room / mechanicals on 1st floor. CH - new windows (2012) newer kitchen, new roof (2015) Tuckpointing 2015. The 3 unit building in front is easy to rent and has an unfinished basement with storage and shared coin laundry. 3 flat has storage and shared laundry in the basement. All of the units have been updated over the years - ask agent for a copy of the upgrades (including kitchens/baths/window/hot water heaters, etc).

Elementary School Middle School High School
Oscar Mayer Elementary School Oscar Mayer Elementary School Lincoln Park High School
Price History
4/5/2021 Listed $1,369,000

General Features

Basement Full
Community Features Curbs, Sidewalks, Street Lights, Street Paved
Contingency Attorney/Inspection
Elementary School Oscar Mayer Elementary School
Elementary School District 299
Exterior Features Patio
Heating Natural Gas, Forced Air
High School Lincoln Park High School
High School District 299
Middle/Junior High School Oscar Mayer Elementary School
Middle/Junior School District 299
New Construction No
Ownership Fee Simple
Property Type Two to Four Units
Property Type Residential Income
Sewer Public Sewer
Standard Status Active Under Contract
Tax Annual Amount 24136.84
Total Rooms 17
Township North Chicago
Water Sewer Expense 1657

Interior Features

Basement Unfinished, Storage Space
Bedroomspossible 9
Full Baths Building 5
Full Baths Unit 1 1
Full Baths Unit 2 1
Full Baths Unit 3 1
Full Baths Unit 4 2
Total Baths 5
Total Bedrooms 9

Exterior Features

Exterior Brick
Lot Dimensions 24X124
Water Source Lake Michigan, Public
Waterfront Y/N No

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom


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

Property vs Zip Code Average in 60614

AVG $910K
AVG $14,232
AVG 96
Year Built
AVG 1974
AVG 92
Data Provided by Walkscore ® not using MLS data

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