506 N Chestnut Street

About This Property

Located in the crown jewel of the McKinney Historic District, this rare and versatile property offers a beautifully updated 4-bedroom, 2-bath main home PLUS a fully furnished 703 sq ft guest house just a 4-minute walk from Downtown McKinney. Whether you're looking for multigenerational living, a private guest retreat, detached office or studio space, or an income-producing opportunity, this property delivers a level of flexibility that’s hard to find in the historic district. The guest house includes its own kitchen and full bath and has already rented on Airbnb for up to $150 per night. Inside the main home, timeless character blends seamlessly with modern updates. Original hardwood floors, a welcoming covered front porch, and abundant natural light create the charm buyers love, while the open-concept layout provides functionality for everyday living and entertaining. The kitchen serves as the centerpiece of the home with quartz countertops, a classic subway tile backsplash, a striking blue island, stainless steel appliances, and generous storage. Both bathrooms have been thoughtfully updated with modern finishes, and each bedroom includes its own walk-in closet for exceptional storage and flexibility. Beyond its charm and versatility, the home offers extensive 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—while still benefiting from a low-maintenance lifestyle. Just steps from Downtown McKinney’s boutiques, dining, parks, and year-round events, this is a rare opportunity to own a piece of historic charm with modern functionality and income-producing potential.

Property Details