4616 N Magnolia Ave Chicago, IL 60640
Sheridan Park Neighborhood
9
Beds
10
Baths
--
Sq Ft
1910
Built
Highlights
- Sun or Florida Room
- Lower Floor Utility Room
- Entrance Foyer
- Den
- Workshop
- 3-minute walk to Gooseberry Park
About This Home
As of June 2025100x155 lot size - Discover a rare opportunity with this exquisitely updated 3-unit multi-family property, originally built in 1910, located in the heart of Sheridan Park between Ravenswood and Uptown. Adding to the allure is the prized, adjoining secret garden-a serene oasis tucked away from the bustling city. With its lush greenery and tranquil charm, it offers a rare retreat in an urban setting, providing a perfect escape for relaxation and enjoyment. This additional lot also holds potential for future development or can remain as a cherished garden, enhancing the property's uniqueness. Seamlessly blending historic charm with modern conveniences, this property offers endless potential for both homeowners and investors. Each of the three expansive units features classic architectural details such as original built-ins, antique ice chests, butler's pantries, stunning millwork, stained glass windows, and gas fireplaces. The spacious floorplans include grand foyers, three large bedrooms (two en-suite), bright living rooms with built-in bookcases, and enclosed sunporches that provide treetop views and an abundance of natural light. A charming library in each unit can easily serve as a fourth bedroom, adding flexibility for tenants or owners. A true standout feature is the lower-level basement, which holds the potential to be re-imagined as a fourth unit-unlocking even more value. The property has been thoughtfully updated, ensuring the perfect blend of old-world elegance and contemporary living. Security and convenience are prioritized, with a fully gated lot, security cameras, an alarm system, and rare garage parking for up to seven vehicles. Situated just steps from public transit, boutique shopping, and a vibrant restaurant scene, this multifamily masterpiece offers an unmatched urban lifestyle. Whether you're looking to generate rental income or secure a one-of-a-kind residence with investment potential, this property is a true investor's goldmine. Pride of ownership shines throughout-schedule your showing today and explore the possibilities! Please note: Each unit is a separate unit part of a three unit condo with its own PIN.
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475123706 Listed on: 01/29/2025
Last Buyer's Agent
@properties Christie's International Real Estate License #475123706 Listed on: 01/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $32,549
Year Built
- Built in 1910
Lot Details
- Lot Dimensions are 100 x 155
- Additional Parcels
Parking
- 7 Car Garage
Home Design
- Brick Exterior Construction
Interior Spaces
- Entrance Foyer
- Den
- Library
- Workshop
- Sun or Florida Room
- Lower Floor Utility Room
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 10 Bathrooms
Schools
- Courtenay Elementary School Lang
- Senn High School
Utilities
- Lake Michigan Water
Community Details
- 4 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 29, 2025
Closed on
Jun 2, 2025
Sold by
Judith F Rutherford Revocable Trust and Sneckenberg Kathleen G
Bought by
4616 Magnolia Llc
Seller's Agent
Carrie McCormick
@properties Christie's International Real Estate
Buyer's Agent
Carrie McCormick
@properties Christie's International Real Estate
List Price
$2,850,000
Sold Price
$1,300,000
Premium/Discount to List
-$1,550,000
-54.39%
Views
50
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-93.44%
Original Mortgage
$1,272,575
Outstanding Balance
$1,270,382
Interest Rate
6.76%
Mortgage Type
Construction
Estimated Equity
-$556,382
Purchase Details
Closed on
Apr 19, 2023
Sold by
Thomas D Rutherford Revocable Trust
Bought by
Judith F Rutherford Revocable Trust
Purchase Details
Closed on
Jul 1, 2014
Sold by
Rutherford Thomas D and Rutherford Judith F
Bought by
Rutherford Thomas D and Thomas D Rutherford Revocable
Purchase Details
Closed on
Nov 18, 1998
Sold by
Woodling Corbin C
Bought by
Rutherford Thomas D and Rutherford Judith F
Purchase Details
Closed on
Mar 6, 1997
Sold by
Liss Steven J and Heill Sharon D
Bought by
Woodling Corbin C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
7.93%
Mortgage Type
Balloon
Similar Homes in Chicago, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,300,000 | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $185,000 | -- | |
| Warranty Deed | $170,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,272,575 | Construction | |
| Previous Owner | $153,000 | Balloon |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/02/2025 06/02/25 | Sold | $1,300,000 | -54.4% | -- |
| 03/08/2025 03/08/25 | Pending | -- | -- | -- |
| 01/29/2025 01/29/25 | For Sale | $2,850,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,595 | $43,769 | $19,368 | $24,401 |
| 2023 | $7,404 | $36,000 | $15,598 | $20,402 |
| 2022 | $7,404 | $36,000 | $15,598 | $20,402 |
| 2021 | $7,239 | $35,999 | $15,598 | $20,401 |
| 2020 | $7,912 | $35,516 | $11,958 | $23,558 |
| 2019 | $7,940 | $39,522 | $11,958 | $27,564 |
| 2018 | $7,807 | $39,522 | $11,958 | $27,564 |
| 2017 | $7,572 | $35,176 | $10,398 | $24,778 |
| 2016 | $7,045 | $35,176 | $10,398 | $24,778 |
| 2015 | $5,622 | $35,176 | $10,398 | $24,778 |
| 2014 | $6,447 | $34,750 | $7,929 | $26,821 |
| 2013 | $6,320 | $34,750 | $7,929 | $26,821 |
Source: Public Records
Agents Affiliated with this Home
-
Carrie McCormick
Seller's Agent in 2025
Carrie McCormick
@ Properties
(312) 961-4612
3 in this area
725 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12219081
APN: 14-17-110-025-1002
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