Property Back to Market Report Property

821 N Chestnut Street, Lansing, MI 48906

$215,000
1
BA
Property Back to Market Report Property
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Sold Price
$215,000
List Price
$225,000
Status
CLOSED
Days on Market
0
Closing Date
Jul 01, 2026
MLS#
294367
Year Built
1875
Bathrooms
1
Lot Size
10,890
Acres
0.25
Subdivision
Original of Lansing
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Property Description

Great opportunity to own a fully occupied 3-unit multifamily property generating immediate rental income. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Unit 1 rents for $1,000/month, Unit 2 rents for $775/month, and Unit 3 rents for $1,140/month, offering steady cash flow. Recent improvements include a new high-efficiency boiler, new stove installed in one unit, and roof repairs. Additional features include communal access to washer and dryer, an asphalt parking area, and a private backyard for tenant use. All units are currently leased, making this a turnkey investment opportunity for investors seeking an income-producing property. Photos were taken before the tenants moved in.

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Additional Information

Appliances
Electric Water Heater
Heating
Hot Water, Natural Gas
Air Conditioning
None
Exterior Features
Vinyl Siding
Levels
Two
School District
Lansing
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Listing courtesy of Listing Agent: Senada Pargan (senada@c21affiliated.com) from Listing Office: Century 21 Affiliated.

Listing courtesy of Senada Pargan from Century 21 Affiliated


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