5458 N Magnolia

Chicago, IL 60640

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.