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5516 N Magnolia Avenue

Chicago, IL 60640

8 beds
5 baths
– sqft
6,150 sqft lot
1903 build
– on site

*Highest and best due by Monday, April 14 at 6 pm. Lovely, large 3-flat on 50' lot on the west side of Magnolia, in beautiful Historic Lakewood Balmoral (no restrictions or Landmarking). Excellent opportunity to own rental units in this highly desired neighborhood, or convert to a single family home. Either way, some work is needed. Estate Sale; As Is. First floor has three bedrooms; one currently used as a den, with interior stairs to the basement. Duplex down potential! Two full bathrooms on this floor; huge double living room, generous sized dining room, family room with fireplace which is currently non-functioning but can be repaired. Bonus room off the kitchen leads to back deck overlooking the nice backyard. 2nd floor has 3 bedrooms, one full bathroom, and an additional room above the stairwell which makes an excellent office space. 3rd floor has two bedrooms (one without a closet), a pretty living room, a dining room or den, and large laundry room. Basement is unfinished; new boiler 6 years ago, water heater installed 2018. Roof approximately 23 years old. Wonderful community, easy access to Red Line, LSD, the lake front, beaches, and all the great stuff in Andersonville!

Listing courtesy of MRED / @properties Christie's International Real Estate as distributed by MLS GRID

Last checked: Checking… • Last updated Apr 16, 2025 •

MLS# 12324503 —

The Building

Year Built:

1903
Rebuilt:

No
New Construction:

false
Construction Materials:

Stucco
Basement:

Unfinished, Full
Other Equipment:

Water Heater-Gas

Interior

Rooms Total:

19

Location

Directions:

Bryn Mawr to Magnolia, one way south
Location:

85774
Location:

87291

The Property

Parcel Number:

14081050270000
Property Type:

Residential Income
Lot Size Dimensions:

50 X 123
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

5522

Beds

Bedrooms Total:

8
Bedrooms Possible:

8

Baths

Baths:

5
Full Baths:

5

The Listing

Virtual Tour Unbranded:

Virtual Tour
Special Listing Conditions:

List Broker Must Accompany

Heating & Cooling

Heating:

Natural Gas, Steam

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Peirce Elementary School Intl St
Elementary School District:

299
Middle Or Junior School District:

299
High School:

Senn High School
High School District:

299

The Community

Subdivision Name:

Lakewood Balmoral

Parking

Parking Total:

2
Parking Features:

On Site, Detached, Garage
Garage Spaces:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/15/25 Apr 15, 2025	Sold Subject To Contingencies	MRED	$1,200,000
4/10/25 Apr 10, 2025	Listed / Active	MRED	$1,200,000

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This multifamily located in Far North Side, Chicago, IL 60640 is currently for sale for $1,200,000. 5516 N Magnolia Avenue is a – square foot multifamily with 8 beds and 5 baths that has been on Estately for 10 days. 5516 N Magnolia Avenue is in the Far North Side neighborhood of Chicago and has a WalkScore® of 93, making it a walker’s paradise. This multifamily is in the attendance area of Helen Peirce International Studies Elementary School and Nicholas Senn High School.

Listing courtesy of MRED, @properties Christie's International Real Estate, and India Whiteside as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Apr 16, 2025, 01:02 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.