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Street View
$255,000
Monthly Est:$1,269
3 Beds
-- Bath
--sqft
3136 Chippewa St, Saint Louis, MO 63118
$255,000
$1,269/moEst:
Get Pre-Approved
Multi Family
Built in 1909
$-- HOA
6,251 sqft lot
--/sqft
Description
Prime investment opportunity in the heart of South City! This value-add property offers a chance for investors to step in and complete the finishing touches on an already extensively renovated building. Featuring spacious 3bd, 2ba townhome-style units—highly sought after and commanding top market rents—this property is primed for strong cash flow and equity growth. Priced competitively, investors can capture built-in equity while achieving significant monthly returns Sales comps show a similar duplex pending at $379,000, with smaller 2-bed, 1-bath duplexes selling for up to $320,000. With rental projections up to $1,600/month per unit and a projected DSCR of 1.8, this investment is both low-maintenance and high-yielding. This property is an excellent opportunity to build long term wealth. Seller Prefers to sell property as-is in current condition. Seller may consider financing up to 20% of the purchase price
- Houzeo last checked: 6 minutes ago
- Listing updated: March 18, 2025 at 6:42 pm
- Listing Provided by: Matthew J Guignon (314) 707-8314 | Invest St. Louis (325) 620-1
- Source: MARIS MLS-MO as distributed by MLS GRID | MLS#: 25008909
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1909
HOA Fees
-
Finished Area
- sqft
Lot Size
6,251 sqft lot
Basement Area
- sqft
MLS Name
MARIS MLS
MLS Number
25008909
Days on Market
618
Cumulative Days on Market
177
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathroom: --
Interior
Sewer
Public Sewer
Cooling
Electric
Heating
Forced Air
Construction
Year Built
Year Built: 1909
Home type
Multi Family
Construction Materials
Brick Veneer
Utilities & Energy
Water Source
Public
Parking Features
On Street
Other Features
Subdivision Name
St Louis Commons Add
Disclosures
Unknown, Flood Plain No, Sellers Discl Not Av
Tenant Pays
Cable Tv, Electricity, Gas
Price History
| Date | Event | Price |
|---|---|---|
02/20/2025 Source: | Price Decreased | $255,000 -19.05% $0/sqft |
12/04/2024 Source: | Listed for Sale | $315,000 $0/sqft |
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