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
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