506 N Chestnut Street, Mckinney, TX 75069

• 4 beds |
• 2 baths |
• 1,401 sqft

Property Description

Recently appraised at $537,000, this rare Historic McKinney property offers two independent living spaces just a 4-minute walk from Downtown McKinney. Now offered at $524,900, the property features a beautifully updated 4-bedroom, 2-bath main residence plus a fully furnished, detached 693 sqft second residence with its own kitchen and full bath. Whether you're accommodating multigenerational living, creating private space for family or guests, or establishing a detached home office or studio, this property offers exceptional flexibility. For those interested in rental income, the detached residence has previously rented on Airbnb for up to $150 per night. Inside the main residence, original hardwood floors, abundant natural light, and an open-concept layout blend historic character with modern functionality. The kitchen features quartz countertops, a classic subway tile backsplash, a striking blue island, stainless steel appliances, and generous storage. Both bathrooms have been thoughtfully updated and all four bedrooms feature walk-in closets. Extensive system improvements add everyday convenience and long-term value, including cast iron plumbing replaced to the city connection, an updated electrical panel, tankless water heaters, added insulation, updated windows, and a 2024 HVAC system. Outdoors, enjoy a rare oversized backyard and private patio, perfect for entertaining, gardening, or relaxing. Just steps from Historic Downtown McKinney's boutiques, restaurants, parks, and year-round events, this distinctive property combines historic charm, meaningful modern improvements, two separate living spaces, and exceptional versatility in a location that's increasingly difficult to replicate.

Listing Status:

Active

Data Last Updated:

October 14, 2026 at 1:20AM

Listing Office:

Compass RE Texas, LLC : 469-210-8288

Listing Agent:

Miranda Roberts :

Contact:

505-690-6095

MLS ID:

21407995

Interior

• General: Decorative/Designer Lighting FixturesEat-in KitchenHigh Speed InternetIn-Law FloorplanKitchen IslandOpen FloorplanCable TVWalk-In Closet(s)Wired for Sound
• Appliances: DishwasherElectric RangeElectric Water HeaterDisposalIce MakerMicrowaveRefrigeratorTankless Water Heater
• Laundry: In Hall
• Flooring: CarpetConcreteCeramic TileWood
• A/C: Central AirCeiling Fan(s)ElectricWall Unit(s)
• Heating: Central
• Fireplace: Fireplaces: 0
• Eco/Green Feature: InsulationWindows

Exterior

• General: Guest HouseShed(s)
• Style: FarmhouseModernDetached
• Other Structures: Guest HouseShed(s)
• Pool: None
• Parking: CarportDetached CarportDriveway

Construction

• Roofing: Composition
• General: Board & Batten Siding1Pillar/Post/Pier

Location

• Originating MLS: NTR_NTREIS
• School District: McKinney ISD
• County: Collin

Lot

• Zoning: R0856080001C1
• Fencing: Wood

Utilities

• Utilities: Electricity AvailableNatural Gas AvailableSewer AvailableSeparate MetersWater AvailableCable Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: NTR_NTREIS