506 N Chestnut St is listed for sale at $ 568,000. The Residential - Single Family property has 4 bedrooms, 2 Full Bathrooms, 1364 square feet and was built in 1953. The lot size is 0.21 Acres. ##BR##Located in the crown jewel of the McKinney Historic District, this charming 4-bedroom, 2-bath home plus fully furnished 703 sq ft guest house captures the timeless character buyers love—complete with a welcoming covered front porch and original hardwood floors—while offering rare, modern versatility just steps from downtown. Inside, an open-concept layout is filled with natural light streaming through updated windows, creating a warm yet airy feel. The kitchen serves as a true centerpiece, featuring quartz countertops, a classic subway tile backsplash, a striking blue island, stainless steel appliances, and ample storage—perfect for both everyday living and entertaining. Both bathrooms have been thoughtfully updated with quartz countertops and modern tile finishes, blending style with functionality. Each bedroom is well-sized and includes its own walk-in closet, offering comfort and flexibility throughout the home. The fully furnished guest house includes its own kitchen and full bath, making it ideal as a private in-law suite, guest retreat, or income-producing opportunity (already renting on Airbnb for up to $150 per night!). Beyond its charm and versatility, the home also offers modern peace of mind with extensive system upgrades including cast iron plumbing replaced to the city, a new electrical panel, tankless water heaters, a 2024 HVAC system, and added insulation—delivering comfort, efficiency, and long-term reliability. Outdoors, enjoy a rare oversized backyard with a private patio—perfect for entertaining, gardening, or relaxing—while still benefiting from a low-maintenance lifestyle. Just a 4-minute walk to Downtown McKinney, you’ll have effortless access to boutique shopping, dining, parks, and year-round events, all while remaining conveniently close to major roadways. Opportunities like this are rare—own a piece of McKinney’s historic charm while capitalizing on a truly versatile, income-producing property.