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5653-5659 N Magnolia Ave
Chicago, IL 60660
Build-to-Rent Property For Sale
·
32 Units
PROPERTY FACTS
| No. Units | 32 | Total Plot Size | 1.34 ac |
| Property Type | Build-to-Rent | Property Size | 19,450 sq ft |
| Property Subtype | Apartment | No. Floors | 4 |
| Apartment Style | Mid-Rise | Year Built | 1925 |
| Costar Property Class | C | ||
| Use Class | RT-3.5 | ||
| No. Units | 32 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | C |
| Total Plot Size | 1.34 ac |
| Property Size | 19,450 sq ft |
| No. Floors | 4 |
| Year Built | 1925 |
| Use Class | RT-3.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Kitchen
- Granite Countertops
- Wooden Floors
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Surround Sound
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
- Smoke Detector
ABOUT 5653-5659 N MAGNOLIA AVE , CHICAGO, IL 60660
Monarch is pleased to exclusively offer for purchase Magnolia Court Condominiums, a multifamily deconversion opportunity bordering Andersonville in the Edgewater neighborhood on Chicago’s north side. Located at 5653 N. Magnolia, the property is thirty-two unit [32] courtyard building built in 1925 and converted to condominiums in 2008. The property consists of 4 studios, 25 1BR/1Ba and 3 2BR/1Ba units. Twenty units are owned by a single investor with the remaining 12 units owned by separate individuals. Currently, 25 units are rented. During the conversion to condominiums, the property underwent significant renovations. Unit updates include kitchens with new cabinets, countertops and appliances including dishwashers and microwaves, hardwood flooring, central heat and air, in unit washer and dryer, renovated bathrooms, exposed brick walls and pre-wired surround sound with speakers,. Building updates include new electric, plumbing, windows, tuckpointing and exterior steel balconies. Tax Pin - 14-05-328-040-1001 thru 1032
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 4 | - | 400 |
| 1+1 | 25 | - | 625 |
| 2+1 | 3 | - | 800 |
PROPERTY TAXES
| Parcel Number | 14-05-328-046-0000 | Improvements Assessment | £208,769 |
| Land Assessment | £69,345 | Total Assessment | £278,114 |
PROPERTY TAXES
