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$ 249,000
Est. payment /mo
Pending
3136 Chippewa ST St Louis, MO 63118
3,922 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 3,922 sqft
Price per Sqft $63
Subdivision St Louis Commons Add
MLS Listing ID MIS25008909
Year Built 1909
Lot Size 6,251 Sqft
Acres 0.1435
Lot Dimensions 50x125
Property Sub-Type 2-4 Units
Property 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
Location
State MO
County St Louis City
Area 3 - South City
Interior
Heating Forced Air, Natural Gas
Cooling Central Air, Electric
Fireplace N
Appliance Gas Water Heater
Exterior
Parking Features false
Fence Fenced
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
Schools
Elementary Schools Froebel Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Special Listing Condition Standard
Listed by Invest St. Louis
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