506 N Chestnut ST, Mckinney, TX 75069
506 N Chestnut ST, Mckinney, TX 75069
506 N Chestnut ST, Mckinney, TX 75069
506 N Chestnut ST, Mckinney, TX 75069
506 N Chestnut ST, Mckinney, TX 75069
506 N Chestnut ST, Mckinney, TX 75069
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Rasheia Collins

Rasheia Collins

+1(602) 354-6722
$ 529,000
Est. payment | /mo

4 Beds

2 Baths

1,364 SqFt

Save Virtual Tour
$ 529,000
Est. payment | /mo
Save Virtual Tour

4 Beds

2 Baths

1,364 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,364 sqft

Price per Sqft $387

Subdivision Mckinney Original Donation (Cmc)

MLS Listing ID 21251775

Style Farmhouse,Modern,Detached

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1953

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type Single Family Residence

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.

Location

State TX

County Collin

Direction N on Hwy 5. Left on E Walker St. R on N Chestnut St. Home is on the right.

Rooms

Other Rooms Guest House, Shed(s)

Interior

Interior Features Decorative/Designer Lighting Fixtures, Eat-in Kitchen, High Speed Internet, In-Law Floorplan, Kitchen Island, Open Floorplan, Cable TV, Walk-In Closet(s), Wired for Sound

Heating Central

Cooling Central Air, Ceiling Fan(s), Electric, Wall Unit(s)

Flooring Carpet, Concrete, Ceramic Tile, Wood

Fireplace No

Window Features Window Coverings

Appliance Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Tankless Water Heater

Laundry Washer Hookup, Dryer Hookup, In Hall, Stacked

Exterior

Parking Features Carport, Detached Carport, Driveway

Carport Spaces 2

Fence Wood

Pool None

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Separate Meters, Water Available, Cable Available

Water Access Desc Public

Roof Type Composition

Porch Front Porch, Patio, Covered

Garage No

Private Pool No

Building

Lot Description Back Yard, Interior Lot, Lawn

Dwelling Type House

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Level or Stories One

Additional Building Guest House, Shed(s)

Schools

Elementary Schools Finch

Middle Schools Faubion

High Schools Mckinney Boyd

School District Mckinney Isd

Others

Tax ID R0856080001C1

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21251775

Nearby Locations

Rasheia Collins
Rasheia Collins

Agent | License ID: 703270

+1(602) 354-6722 | info@rasheiacollins.com

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506 N Chestnut ST