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5331 N Magnolia Ave , Chicago, IL 60640
$2,200,000
Est. Payment: $11,804.04/mo
7 Bed
5 Bath
4600 Sqft
Status: new | Days on site: 5
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17665 - 111629
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House Description

An extraordinary combination of historic charm, comprehensive modern reconstruction, generous living spaces, and a rare double-lot setting-offering a distinctive opportunity in one of Chicago's most treasured residential neighborhoods.1890s Architectural Charm | 2004 Morgante-Wilson Reconstruction. Imagine a home where everyone has room to grow, gather, work, play, and entertain-all under one roof. Offering 5,600 square feet of thoughtfully designed living space on a rare Chicago double lot, this extraordinary Lakewood-Balmoral residence combines the warmth and character of 1890s American architecture with an updated French country aesthetic and the flexibility today's lifestyles demand. Seven bedrooms, four-and-a-half bathrooms, private guest accommodations, multiple home offices, recreation areas, and generous outdoor living create an exceptional setting for everyday comfort and memorable celebrations. Originally constructed in the late 1800s, the residence underwent a complete top-to-bottom reconstruction and expansion in 2004 by renowned Morgante-Wilson Architects. The transformation included a new foundation, exterior and interior walls, plumbing, electrical, and mechanical systems, providing the advantages of modern construction while preserving the architectural romance of its historic origins. Beyond its generous bedroom count, the home's distinct gathering, work, and retreat spaces make it especially adaptable to multigenerational living, visiting guests, and changing needs over time. The blend of formal entertaining rooms and comfortable everyday spaces is a rare advantage, offering room to come together without sacrificing places to unwind. The combination of architectural character, modern infrastructure, and a substantial city lot is increasingly difficult to find. The expansive, sun-filled open kitchen is the heart of the home, with a generous breakfast room, convenient office area, and access to outdoor spaces. Its thoughtful design keeps everyone connected, whether enjoying casual mornings, working from home, or hosting friends. Gracious formal living and dining rooms share a distinctive double-sided wood-burning fireplace and adjoining wet bar with refrigeration. A sunroom adjoining the dining room offers additional space for holiday celebrations, dinner parties, and larger gatherings. Abundant natural light, generous room proportions, recessed lighting, and architectural details lend warmth and understated elegance throughout. The flexible floor plan includes a private primary suite and four additional bedrooms on the second level, a third-floor guest retreat, and a lower-level au pair or guest suite. A dedicated library, private offices, study areas, and high-ceilinged lower-level recreation space accommodate remote work, creative pursuits, relaxation, and entertaining without compromising privacy. Generous closets, abundant storage, extensive laundry facilities, a convenient dog wash, and three-zone HVAC support the practical needs of an active household. The expansive double lot provides a remarkable sense of privacy and openness within the city, with a welcoming wraparound porch, generous yard, and detached two-car garage. Outdoor spaces offer ample room for dining, entertaining, recreation, and relaxation. Set within Chicago's architecturally distinguished Lakewood-Balmoral Historic District, the home is surrounded by quiet, tree-lined streets, beautiful period residences, and an active neighborhood community. Lincoln Park, Foster Beach, Lake Michigan, and scenic lakefront trails are just four blocks east. Two neighborhood playlots are within two blocks, while Andersonville's celebrated Clark Street boutiques, restaurants, and cafes are only four blocks west. Broadway's diverse dining and entertainment corridor, the CTA Red Line, and convenient access to DuSable Lake Shore Drive place the best of Chicago within easy reach.

Highlights

Listed by Craig Knox Palmer , 312-330-3100 @properties Christie's International Real Estate , 312-682-8500. Midwest Real Estate Data mls logo

Property Type

Residential

Year Built

1898

County

Cook

Area

CHI - Edgewater

Neighborhood

Lakewood Balmoral

School District

299

Listing ID

12783475

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:7
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:4
  • ▪ 1/2 Bathrooms:1
Appliances:TV-Cable,Security System,CO Detectors,Ceiling Fan(s),Sump Pump
Air Cond:Central Air,Zoned,Dual
Fireplaces:
Basement:Unfinished,Exterior Entry,Full,Daylight
Water:Public

Exterior Features

Lot Dimensions:50x123
Garage Capacity:2
Roof:Asphalt
Others:
  • ▪ Additional:Dog Run, Outdoor Grill, Fire Pit
Sewer:Public Sewer
Parking Features:Yes,Garage Owned,Detached,Garage

Open House

Upcoming Open Houses
Sunday 11:00 am - 1:00 pm Nov 1
Principal Interest
$11,804
Taxes
$3,006

Home Price

$2,200,000

Loan Details

30 yrs
7.08%

Down Payment

20%
$440,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$11,804.04

Principal

Taxes

Principal Taxes HOA Total
Monthly $11,804.04 $3,005.75 $0.00 $14,809.79
Yearly $141,648.44 $36,069.00 $0.00 $177,717.44
Total $4,249,453.28 $1,082,070.00 $0.00 $5,331,523.28
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Market insight data is pulled from the same city as the listing being viewed (Chicago, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-26T22:55:05.000Z

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