506 N Chestnut Street, McKinney, TX 75069
Local realty services provided by:ERA Newlin & Company
Listed by: miranda roberts
Office: compass re texas, llc.
MLS#:21251775
Source:GDAR
Price summary
- Price:$550,000
- Price per sq. ft.:$403.23
About this home
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....
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Home facts
- Year built:1953
- Listing ID #:21251775
- Added:66 day(s) ago
- Updated:July 05, 2026 at 11:56 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Ceramic Tile, Concrete, Wood
- Kitchen Description:Dishwasher, Disposal, Electric Range, Ice Maker, Microwave, Refrigerator
- Living area:1,364 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric, Wall Units
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1953
- Building area:1,364 sq. ft.
- Lot area:0.21 Acres
- Lot Features:Interior Lot, Lawn
- Foundation Description:Pillar Post Pier
- Levels:1 Story
Schools
- High school:Mckinney Boyd
- Middle school:Faubion
- Elementary school:Finch
Finances and disclosures
- Price:$550,000
- Price per sq. ft.:$403.23
Features and amenities
- Appliances:Dishwasher, Disposal, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Tankless Water Heater
- Amenities:Window Coverings
Parking
- Carport spaces:2
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