$225,000

821 N Chestnut Street, Lansing, MI 48906

  • 1 bath
  • Property Icon Triplex
  • Property Year Built Icon Built in 1875
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 22 days ago

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.

Listing Status:
Active
Date Added:
March 10, 2026
Data Last Updated:
April 2, 2026 at 3:38AM
Listing Office:
Century 21 Affiliated : 517-887-0800
Listing Agent:
Senada Pargan : 517-505-3296
MLS ID:
294367
  • Appliances: Electric Water Heater
  • Laundry: Common Area
  • Basement: Crawl Space
  • A/C: None
  • Heating: Hot WaterNatural Gas
  • Roofing: Shingle
  • General: Vinyl SidingTwo
  • Originating MLS: Greater Lansing Association of REALTORS®
  • School District: Lansing
  • County: Ingham
  • Zoning: LOT 3 BLOCK E SUB OF BLOCKS 26 & 27 ORIG PLAT33-01-01-09-360-171
  • Utilities: 100 Amp Service
  • Water: Public
  • Sewer: Public Sewer
  • Source: Greater Lansing Association of REALTORS®

This listing courtesy of Senada Pargan , Century 21 Affiliated

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Willow School

1012 W Willow St, Lansing, MI, 48915

Grades PK-4

0.58 miles away

J

Jw Sexton High School

102 McPherson Ave, Lansing, MI, 48915

Grades 7-12

1.11 miles away

J

Jw Sexton High School

102 McPherson Ave, Lansing, MI, 48915

Grades 7-12

1.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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