10-Unit Condo
For Sale
$3,500,000
1720 MAGNOLIA Drive, Chatham, IL 62629
Residential Income, Chatham, IL
Property SizeContact for details
Days on Market11
Property Features for 1720 MAGNOLIA Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
20
Bathrooms
20
Full bathrooms
20
Rooms
Bathroom 11, Bedroom 15, Bedroom 12, Bedroom 10, Bathroom 15, Bedroom 11, Bathroom 7, Bedroom 3, Bedroom 5, Bathroom 17, Bedroom 20, Bathroom 5, Bedroom 9, Bathroom 1, Bathroom 4, Bedroom 8, Bathroom 20, Bedroom 6, Bedroom 14, Bedroom 17, Bedroom 18, Bathroom 6, Bathroom 13, Bedroom 7, Bathroom 19, Bathroom 8, Bathroom 10, Bathroom 14, Bathroom 12, Bedroom 16, Bathroom 2, Bedroom 2, Bathroom 18, Bathroom 9, Bathroom 3, Bathroom 16, Bedroom 1, Bedroom 13, Bedroom 19, Bedroom 4
Parking
20
Parking features
Open
Subdivision
Wellington Estates
Lot features
Level
High school
Chatham District #5
Directions
Take Iron Bridge Rd. in Chatham to Magnolia Dr. It is on the corner of Magnolia and Iron Bridge.
Standard status
Active
APN
29-08.0-106-005
Taxes and HOA fees
Tax Year
2025
Tax Description
L 98A WELLINGTON EST 1ST ADDN (44,549 SQ FT) 8-14-5
Tax Annual Amount
2400
Legal Description
L 98A WELLINGTON EST 1ST ADDN (44,549 SQ FT) 8-14-5
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Number of units
10
Building materials
Brick Partial, Vinyl Siding
Roof type
Shingle
Buildings
4
Listing Agency:
The Real Estate Group, Inc.
(217) 787-7000
Listed By:
Krystal K Buscher · License #475142742
(217) 553-9280
Added: Oct 23
Changed: Oct 30
Last Checked: Nov 2 at 11:06PM
MLS# CA1047344
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Under-construction multifamily community comprising 10 condominiums in four buildings. Each residence has 2 bedrooms, 2 full bathrooms, a 2-car garage with zero-entry access, and a covered patio at the rear. Open living and dining areas connect with kitchens that include islands, white cabinetry, and pantries. LVP flooring and contemporary finishes carry through the interiors.
Each home also includes a primary suite with a tray ceiling, double-sink vanity, and walk-in closet. A laundry room sits beside the primary closet. Construction is underway, with the final building currently being erected; the property is scheduled for completion in 2026.
Each home also includes a primary suite with a tray ceiling, double-sink vanity, and walk-in closet. A laundry room sits beside the primary closet. Construction is underway, with the final building currently being erected; the property is scheduled for completion in 2026.
Key Highlights
- 10 condominiums across four buildings
- Each unit includes 2 bedrooms, 2 full bathrooms, and a 2‑car garage
- Covered rear patio and zero‑entry garage access at each residence
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 62629, IL
15,255
Population
6,160
Households
2.5
Avg Household Size
37
Median Age
50%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
437
Density / Sq Mi
$106,373
Median Household Income
$60,951
Median Earnings
$1,159
Median Rent
$232,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four-building development features consistent two-bedroom layouts and open living-dining areas.
Where is this multifamily property located?
The property is located at 1720 MAGNOLIA Drive Chatham, IL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 10 condominiums across four buildings; Each unit includes 2 bedrooms, 2 full bathrooms, and a 2‑car garage; Covered rear patio and zero‑entry garage access at each residence
