ALL MCKINNEY HOMES
PRICE CUTSINGLE FAMILY · MCKINNEY ORIGINAL DONATION (CMC)

$529,000

506 N Chestnut Street, McKinney, TX 75069
4 BD · 2 BA · 1,364 SQFT · BUILT 1953 · $388/SQFT

MCKINNEY ORIGINAL DONATION (CMC), McKinney — 87 days on the market.

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.

01 — THE NUMBERS
DAYS ON MARKET
87
$ / SQFT
$388
PROPERTY TYPE
Single family
YEAR BUILT
1953
STATUS
Active
LISTED
APR 30
LOT
0.21 AC
ORIGINAL PRICE
$550K
02 — KNOW THE CITY
McKinneyFULL CITY REPORT →
THIS HOME VS CITY MEDIAN ACTIVE LIST ($555K · NTREIS)
-5% VS MEDIANMCKINNEY ISD · COLLIN COUNTY · 34 MIN TO DT DALLAS
03 — SCHOOLS
Schools reported for this listing

Schools reported by this listing’s MLS record. School assignments and boundaries can change. Verify the specific address with the district.

ELEMENTARYFinch
MIDDLEFaubion
HIGHMckinney Boyd
DISTRICTMcKinney ISD
AS REPORTED ON THE MLS RECORD — NOT A BOUNDARY DETERMINATION
LISTING COURTESY OF COMPASS RE TEXAS, LLCMLS# 21251775 · NTREIS
LAST UPDATED JUL 25, 2026, 1:34 PM CT · NTREIS IDX · LISTING INFORMATION PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC. (NTREIS). INFORMATION IS DEEMED RELIABLE BUT IS NOT GUARANTEED AND SHOULD BE INDEPENDENTLY VERIFIED. DATA MAY NOT REFLECT ALL REAL ESTATE ACTIVITY IN THE MARKET. COPYRIGHT NTREIS. ALL RIGHTS RESERVED.
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