Chicago, IL 60640 4642 N Magnolia Avenue
$4,200,000



15 more
















Presented By: Compass
Home Details
Introducing an exceptional new construction investment opportunity, this sleek and sophisticated six-unit building offers the perfect combination of luxury and functionality. Oversized deep lot creates expansive layouts, providing large living and bedroom spaces. The building comprises of Two 4-bedroom, 2.5-bath duplex down homes -Two 2-bedroom, 2-bath simplex middle floor units - and Two 2-bedroom, 2-bath penthouse units with interior staircases to private roof decks including an oversized doghouse with wet bars. Each unit is thoughtfully designed with an emphasis on quality and style, featuring: Brand-new gourmet kitchens equipped with professional-grade appliances, stone countertops, and full-height backsplashes. Custom bathrooms with luxurious finishes including heated floors and steam showers. The building is secured with gated, private parking, offering a designated space for each unit, including power for electric vehicles. The standout facade combines timeless brick and limestone, creating a visually stunning exterior that makes a statement. Top-tier construction with concrete soundproofing, hardwood floors throughout, and custom trim in every detail. Built to condo-quality standards, this property offers durability and luxury in one investment package. Whether for long-term rental or future resale, this is an unparalleled opportunity for premium urban living.
Presented By: Compass
Interior Features for 4642 N Magnolia Avenue
Other Interior Features
BasementFinished, 8 ft + pour
Total Fireplaces6
General for 4642 N Magnolia Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick, Limestone
CoolingCentral Air
CountyCook
Current UseMulti-Family
DirectionsWilson to Magnolia, North to Property.
ElectricCircuit Breakers
Electric Expense200
Fuel Expense
Gross Income295800
Insurance Expense6326
MLS AreaCHI - Uptown
MaintenanceExpense1500
Net Operating Income269354
Number Of Units Total6
Operating Expense9800
PossessionTenant's Rights, Other
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofMembrane
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount10254.11
Tax Year2023
Tenant PaysElectricity, Heat
TownshipLake View
Trash Expense3120
UtilitiesSewer Connected
Water Sewer Expense3500
Year Built2024
ZoningMULTI
Exterior for 4642 N Magnolia Avenue
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street, Alley Access
Lot Dimensions50X162
Additional Details
Price History
