506 N Chestnut St, McKinney, TX 75069
- $529,000
- 4
- BD
- 2
- BA
- 1,364
- SqFt
- List Price
- $529,000
- Price Change
- ▼ $21,000 1784420235
- MLS#
- 21251775
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Residential
- Style
- Farmhouse, Modernist, Detached
- Year Built
- 1953
- Construction Status
- Preowned
- Bedrooms
- 4
- Full Baths
- 2
- Acres
- 0.21
- Living Area
- 1,364
- County
- Collin
- City
- McKinney
- Subdivision
- MCKINNEY ORIGINAL DONATION (CMC)
- Number of Stories
- 1
- Architecture Style
- Farmhouse, Modernist, Detached
Property Description
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.
Additional Information
- Lot Size
- 9,147
- Acres
- 0.21
- Lot Description
- Back Yard, Irregular Lot, Lawn
- Interior Features
- Decorative Designer Lighting Fixtures, Eat-In Kitchen, High Speed Internet, In-Law Arrangement, Kitchen Island, Open Floor Plan, Cable TV, Walk-In Closet(s), Wired Audio
- Flooring
- Carpet, Concrete, Tile, Wood
- Foundation
- Pillar/Post/Pier
- Roof
- Composition
- Stories
- 1
- Pool Features
- None
- Carport Spaces
- 2
- Parking Garage
- Carport, Detached, Driveway
- School District
- Mckinney Isd
- Elementary School
- Finch
- Middle School
- Faubion
- High School
- Mckinney Boyd
- Possession
- CloseOfEscrow
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Listing courtesy of Miranda Roberts from Compass RE Texas, LLC. Contact: 505-690-6095