2253 North Magnolia Avenue

Chicago, IL 60614

$1,360,000
Last Sold Price
9
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This is a fantastic opportunity to invest in a well-maintained brick 3-flat + 3-level coach house in the desirable Lincoln Park/DePaul area. The property is fully occupied, making it an excellent option for an investor, or for someone looking to offset their mortgage payment by living in the coach house while renting out the other three units. Each unit is in high demand, and they rent quickly, with potential for rent increases. Coach house is 3 levels with 2 bedrooms and full bath upstairs, Kitchen...This is a fantastic opportunity to invest in a well-maintained brick 3-flat + 3-level coach house in the desirable Lincoln Park/DePaul area. The property is fully occupied, making it an excellent option for an investor, or for someone looking to offset their mortgage payment by living in the coach house while renting out the other three units. Each unit is in high demand, and they rent quickly, with potential for rent increases. 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. The 3-flat offers storage and shared laundry facilities in the basement, and all units have been updated over the years. Easy street parking. This property presents an incredible opportunity for a savvy investor or homeowner to own a great income-generating asset in a prime location! Walking distance to depaul! Take a 3D Tour, CLICK on the 3D BUTTON & Walk Around. Watch a Custom Drone Video Tour, Click on Video Button!
  1. Listed by Matt Laricy • Americorp, Ltd

Sold By Best Chicago Properties, LLC

Property Details for 2253 North Magnolia Avenue

Area
CHI - Lincoln Park
Township
North Chicago
Ownership
Fee Simple
Num Of Cars
0.0
Parking Included in Price
No
Heat/Fuel
Natural Gas, Forced Air

Location

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LISTING UPDATED: 09/17/2023 03:00 AM

Property Details for 2253 North Magnolia Avenue

StatusClosed
MLS #11834252
Days on Market60
Taxes$25,814 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1884
Lot Size0.07 AC / 2,976 SF
CountyCook County

Location

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Virtual Tour

Building Information for 2253 North Magnolia Avenue

Stories-Residences4Year Built1884Building Size-Lot Size0.07 AC / 2,976 SF

Payment Calculator

$9,573 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,422

Property Taxes

$2,151

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2253 North Magnolia Avenue

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Oscar Mayer Elementary School
  • Jr High Middle School: Oscar Mayer Elementary School
  • High School District: 299
  • High School: Lincoln Park High School
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 17
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 9
  • Basement Description: Unfinished, Storage Space
  • # Full Baths in Building: 5
  • # Half Baths in Building: 0
  • Num of Baths: 5.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • Exterior Property Features: Patio
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 24X124
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 2253
  • South Coordinate: 0
  • East Coordinate: 1232
  • West Coordinate: 0
  • 3 Br Un In Bldg: Yes
  • Conversion: N
Property and Assessments
  • Public Document Count: 5
  • Document Date: 2023-07-27T21:56:43
  • Photos Count: 33
  • Deconversion: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Additional Media Type 1: 3D Tour
Multi Family
Income & Expenses
  • Manager Expense: $6,770.00
  • Insurance Expense Source: Actual
  • Manager Expense Source: AC
  • Other Expense Source: Actual
  • Water Expense Source: Actual
  • Professional Management Expense: $1,440.00
  • Water Sewer Expense: $4,500.00
  • Other Expenses $: 720
Unit 1
  • Unit Type Actual Rent: $2,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 08/24
Unit 2
  • Unit Type Actual Rent: $2,150.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 04/24
Unit 3
  • Unit Type Actual Rent: $2,350.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 08/23
Unit 4
  • Unit Type Actual Rent: $3,550.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 08/24

Property History for 2253 North Magnolia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2253 North Magnolia Avenue

Taxable ValueLand$37,200Additions$91,171Total$128,371
Tax Record2022$26,404 ($2,200 / month)
Home Facts
Baths3Total Finished SqFt2,603 SqFtAbove Grade Finished SqFt2,603 SqFtStories3Lot Size2,976 SqFtStyleMulti-Family Res (5+ Units)Year Built1882CountyCOOKAPN14-32-113-003

Schools near 2253 North Magnolia Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Mayer Elementary School
PublicPK to 8

Lincoln Park High School
Public9 to 12

Drummond Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Americorp, Ltd

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/17/2023 03:00 AM. 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. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.