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photo of Nikki Mayer
Nikki Mayer
Hometown Real Estate
7700 W. Belmont Ave
Chicago , IL 60634
Phone:
888 317 9983
Fax:
773 664 0013
Mobile:
708 268 2313
infohometown@gmail.com

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5458 Magnolia Avenue
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Subdivision: Lakewood Balmoral
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Status: Active (For Sale)
Type: Residential
Size: 5,000 Sq. Ft.
Year Built: 1910
Bedrooms: 5
Bathrooms: 4
MLS ID: 11413478


Overview
Photos (78)
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Majestic and Massive Georgian Brick Home on 50' Corner Lot - First time on the market in 25 years this historic home is not to be missed. With exposure from all directions, every room in this home is washed in light from the East facing sunrooms to the living areas to the kitchens with extra large windows. The 1st floor unit is currently 3 br, 2 bath with renovated state of the art Kitchen. The owner's 2nd floor unit is 2B, 2B and has updated Kitchen, and w/d on the floor. One option for this building is additional renovation and updating for a traditional SFH floor plan. Major work is required to place all living/entertaining rooms on the first floor and all bedrooms on the second floor. (this is for an owner-occupant who is not afraid of a large project pulling in contractors and architects.) The upside here is similar brick homes on a double corner lots in this specific neighborhood sell for well over 2.M which makes your investment solid. Another option is de-conversion back to original layout of 2 unit building. This will require moderate renovation. The home has an open entryway that combines the space now and is zoned as Single Family. This plan for the building is for an owner-occupant who wants to benefit from rental income. See floor plans for the many rooms, dimensions, and floor layouts. This is such a rare offering; providing opportunity to live in a massive single family home or divide back into two floors as an owner's unit plus rental, or divide floors and develop two luxury condos. Location is perfectly situated and walking distance to Foster Beach and the Lakefront Path, Andersonville retail and restaurants, and easy access to schools such as The Lycee Francais, Sacred Heart/Hardy Prep Academy, The Waldorf School, Rogers Park Montessori, Peirce School, St Gregory's School and Loyola University Lakeshore Campus.

Courtesy Of: Compass


Feature Highlights


  • Built Before 1978
  • Basement Bathrooms

General Features


List Date:
05/24/2022

Interior Features


Living Area Source:
Plans
Bedrooms Possible:
5
Bathrooms Full:
4
Rooms Total:
11
Basement Description:
Partially Finished

Exterior Features and Amenities


Lot Size Dimensions:
50X125
Parking Total:
2

Financial


Days On Market:
71
Tax Annual Amount:
$21,795.43
Tax Year:
2020

Other Features


Elementary School District:
299
High School District:
299
Middle Or Junior School District:
299
Age:
100+ Years


Directions


LSD to Foster or Bryn Mawr, Magnolia one way south

Availability Calendar


- Available - Unavailable

Rental Rates


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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown 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.
Data last updated: 2025-12-19
.

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The information presented here is deemed reliable, though not guaranteed.
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