506 N Chestnut St |
|
| Price: | $550,000 |
| Property Type: | residential |
| MLS #: | 21251775 |
| 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. | |
| Area: | Collin |
| Year Built: | 1953 |
| Bedrooms: | Four |
| Bathrooms: | Two |
| Acres: | 0.21 |
| Virtual Tour: | Click here to view |
| Exterior Features : | Covered Patio/Porch |
| Flooring : | Carpet |
| Flooring : | Ceramic Tile |
| Flooring : | Concrete |
| Flooring : | Wood |
| Foundation Details : | Pillar/Post/Pier |
| Heating : | Central |
| Interior Features : | Cable TV Available |
| Interior Features : | Decorative Lighting |
| Interior Features : | Eat-in Kitchen |
| Interior Features : | Flat Screen Wiring |
| Interior Features : | High Speed Internet Available |
| Interior Features : | Kitchen Island |
| Interior Features : | Open Floorplan |
| Interior Features : | Walk-In Closet(s) |
| Structural Style : | Single Detached |
| Utilities : | Cable Available |
| Utilities : | City Sewer |
| Utilities : | City Water |
| Utilities : | Electricity Available |
| Utilities : | Individual Gas Meter |
Courtesy: Miranda Roberts • Compass RE Texas, LLC • 
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This content last refreshed on 07/18/2026 07:45 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
