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7 Beds
5 Baths
4,600 sqft

$2,200,000

5331 N Magnolia Avenue, Chicago IL, 60640

Price per sqft$478.26
Built in1898
Property size4,600 sqft
Property typeResidential
Listed by Craig Knox Palmer with @properties Christie's International Real Estate 312-330-3100

Overview

Active

New

Listed Oct 21, 2026

Updated 3h ago

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.

$14,637/mo

Est. mortgage payment based on a $2,200,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12783475

Interior Features

Bedrooms
7
Bathrooms
5
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
Yes

Other Property Details

Taxes
$36,069
Tax Frequency
Annually
Garage
Yes
Municipality
North Chicago
MLS provider logo

Listed by Craig Knox Palmer with @properties Christie's International Real Estate 312-330-3100

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Jason Obeirne are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 10/22/2026. 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, 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. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

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Data is refreshed every 3 hours. Listing last updated 4:31 AM UTC on 10/22/2026. 

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