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About the Listing CMPS04 - 0689594
Located in the crown jewel of McKinney's Historic District, this rare property offers two independent living spaces just a 4-minute walk from Downtown McKinney—a beautifully updated 4-bedroom, 2-bath main residence plus a fully furnished 703 sq ft second residence. Whether you're accommodating multigenerational living, providing private space for aging parents or returning college students, creating a detached home office or studio, welcoming long-term guests, or generating rental income, this property delivers a level of flexibility that's exceptionally difficult to find. The second residence includes its own kitchen and full bath and has already rented on Airbnb for up to $150 per night. Inside the main home, original hardwood floors, abundant natural light, and an open-concept layout blend historic character with modern functionality. The kitchen serves as the heart of the home with quartz countertops, a classic subway tile backsplash, a striking blue island, stainless steel appliances, and generous storage, while both bathrooms have been thoughtfully updated with modern finishes. Each bedroom includes its own walk-in closet, providing exceptional storage and everyday convenience. Beyond its flexibility, the home offers extensive turnkey system upgrades for long-term peace of mind, including cast iron plumbing replaced to the city, a new electrical panel, tankless water heaters, added insulation, updated windows, and a 2024 HVAC system. Outdoors, enjoy a rare oversized backyard with a private patio—ideal for entertaining, gardening, or simply relaxing. Just steps from Downtown McKinney's boutiques, dining, parks, and year-round events, this is a rare opportunity to own a thoughtfully updated historic property that offers the lifestyle buyers love with the flexibility, functionality, and income-producing potential that are nearly impossible to replicate.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Tankless Water Heater
- Air Cond: Ceiling Fan(s),Central Air,Electric,Wall Unit(s)
- Heating: Central
- Fireplaces: 0
- Floor: Carpet,Ceramic Tile,Concrete,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Cable TV Available,Decorative Lighting,Eat-in Kitchen,Flat Screen Wiring,High Speed Internet Available,In-Law Suite Floorplan,Kitchen Island,Open Floorplan,Walk-In Closet(s),ADU,Master on Main
- Water:
Exterior Details
- Lot Description: Interior Lot,Lrg. Backyard Grass,Less Than .5 Acre (not Zero)
- Garage Capacity: N/A
- Roof: Composition
- Others: Covered Patio/Porch,Preowned
- Sewer:
- Parking Features: Carport,Detached Carport,Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: R0856080001C1
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
506 N Chestnut St McKinney, TX 75069
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