Active

3136 Chippewa Street

St Louis MO, 63118

$255,000


$65.02 per sqft

Active

3,922 sqft

Multi-family

Built in 1909

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 3-bedroom, 2-bath 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. Whether you're a new investor, a seasoned pro, or a house-hacker looking to offset living expenses with some sweat equity, this property is an excellent opportunity to build long term wealth. Seller Prefers to sell property as-is in current condition.

25008909

MLS ID

February 20, 2025

Listed

February 20, 2025

Updated

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.14 Acres


Sewer

Public Sewer

School Information

School District

St. Louis City


High School

Roosevelt High


Elementary School

Froebel Elem.

Other Property Details

Area Name

South City


Taxes

$658


Tax Frequency

Annually


Garage

No


Parking

On Street


View

No


County

St Louis City


Municipality

St. Louis City


Water Source

Public


Pool

No

Courtesy of Invest St. Louis, Matthew Guignon

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lindsey Jacobs shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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