Before we examine what, inexactly, "magic realism" is (or might be), I'd like to simply read this story in class without any pretext. We don't know who Marquez is, or when and where he wrote the story, and we have no idea what "magic realism" is (though the title of the genre more than hints at what it could be).
Again, this is short and sweet, and a lot of fun to read:
By Gabriel Marquez, 1927-Present