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About the Listing 86545 - 187148,888802,129659
Welcome to 2735 N. Magnolia, located in Lincoln Park, one of Chicago's most sought-after neighborhoods. Ideally located on a low-density, tree-lined street, just steps from DePaul University's Lincoln Park campus. Rental demand in this area is consistently high, given its proximity to neighborhood retail, dining, and public transportation, ensuring strong tenant demand and long-term investment stability. The property consists of (5) units featuring a brick walk-up three (3) unit building in the front and a two (2) unit frame coach house in the rear. Both buildings are equipped with individual HVAC and hot water heaters for each unit, providing tenants with control over their own utilities and reducing owner-paid expenses. Additionally, the common area laundry facilities are owned, which provides an additional income stream for the property. The property has an ideal unit mix, including three (3) three bedroom, one bathroom apartments in the front building and two (2) one-bedroom, one bathroom units in the coach house. All apartments have well laid out floor plans and abundant natural light. All one (1) bedroom apartments have additional den space. The property has received significant capital improvements over the years including individual HVAC, individual hot water heaters, a new catch basin and drain line, updated windows, and well-maintained tuckpointing and a roof. This offering presents several value add avenues for an investor to increase the property's revenue allowing for a significant cash-on-cash return for many years to come.
Listing Highlights for 2735 N Magnolia Ave
Status
Pending
Days on Site
65
Property Type
Multi-Family
MLS ®
12434402
Year Built
1893
Total Square Footage
0
Lot/Acreage
0.07
County
Cook
Area
CHI - Lincoln Park
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Individual
- Heating: Central Heat/Indiv Controls
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 25 x 125
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $28,191
- Taxes w/Assessments: N/A
- Tax/Property ID: 14293060060000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
2735 N Magnolia Ave Chicago, IL 60614
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