The development of a CO2‐selective adsorbent with high CO2 uptake capacity and CO2/N2 selectivity is a challenge. In this work, Mg2+‐embedded MIL‐101(Cr)‐NH2 frameworks (Mg@MCrN) were simply prepared via a facile one‐step synthesis. The results indicated that the incorporation of a proper amount of Mg2+ into the host MIL‐101(Cr)‐NH2 increased the porosity of the resultant adsorbent. Noticeably, the temperature‐programmed desorption of CO2 (TPD‐CO2) analysis revealed that the prepared Mg@MCrN contained new metal active sites along with coordinately unsaturated Cr(III) sites and amine (NH2) sites of the framework. At 100 kPa and 25 oC, the prepared Mg@MCrN‐0.2 exhibited the highest CO2 uptake capacity and CO2/N2 selectivity of ca. ~3.04 mmol.g‐1 and ca. ~ 60, respectively, surpassing the parent MOF and many other CO2 benchmark adsorbents. Moreover, the CO2 adsorption capacity over the Mg2+‐incorporated MIL‐101(Cr)‐NH2 remained even after 5 cycles of adsorption‐desorption under pressure swing from 0 to 100 kPa. This work opens a new perspective for developing efficient CO2‐selective materials.