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Lakewood Balmoral Gut-Rehabbed Condo
For Lease
$3,950/Mo

5526 N Magnolia Avenue #33, Chicago, IL 60640

Top floor 3 bed/2.1 bath condo with private terrace.

Space SizeContact for details
Property Size1,450 SF
Days on Market364

Property Features for 5526 N Magnolia Avenue #33

General Information

Standard status Active
Size 1,450 SF
Property subtype Condominium
Lease Type /mo

Amenities

Natural Gas
Central Air
Range
Microwave
Dishwasher
Refrigerator
Washer
Dryer
Disposal
Stainless Steel Appliance(s)
Range Hood
Gas Cooktop
Deck, Patio, Rubber, Asphalt

Building Details

Building Size 1,450 SF
Year Built 2020
Listing Agency: @properties Christie's International Real Estate
Listed By: India Whiteside · License #0225265342
Source: Kw
Added: Aug 11, 2025 Changed: Aug 8 Last Checked: Jul 16 at 8:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties Christie's International Real Estate

Investment Insights

Based on property information with market context.

This is a rare opportunity to rent in a newly gut-rehabbed residence located in Lakewood Balmoral. This top-floor condo features 3 bedrooms and 2.1 bathrooms, along with a private terrace, a large storage room, and an exterior parking spot. The open living space provides flexibility for living room and dining configurations. The high-end kitchen includes a waterfall peninsula, ample counter space, and cabinets. In-unit laundry and lots of interior storage are available. The large primary suite features a bathroom with a double vanity sink. The split floor plan allows for privacy from the other two bedrooms and bathroom. A powder room is conveniently located off the living space, on the way to the large terrace. The storage room is wired for internet and can be used as an office or exercise room. The Picard, formerly The Convent, consists of only eight units and is located in the Lakewood Balmoral neighborhood. The property is within walking distance of the Red Line el, buses, beaches, and numerous restaurants and shops in Andersonville. It is also located in the Peirce School District.

Key Highlights

  • Newly gut‑rehabbed 3 bed/2.1 bath condo with private terrace.
  • Top floor unit with exterior parking spot and GIANT storage room.
  • High‑end open kitchen with waterfall peninsula and ample storage.

Property Analytics

Current Use

Small apartment buildings

Suggested Use

Top Pick Barber Shop Catering Service (Bike/Boat/Book/etc) Store Law Firm Home Appliance Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,965
Businesses Nearby

Demographics for 60640, IL

65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Top floor 3 bed/2.1 bath condo with private terrace.
Where is this apartment building located?
The property is located at 5526 N Magnolia Avenue #33 Chicago, IL.
What is the lease rate?
The lease rate is $3,950/Mo.
What are key features of this property?
This property features: Newly gut‑rehabbed 3 bed/2.1 bath condo with private terrace.; Top floor unit with exterior parking spot and GIANT storage room.; High‑end open kitchen with waterfall peninsula and ample storage.
More about this property
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