Motivated Seller! Investors don't miss this rehab Take Over Opportunity with a $25K rehab credit to finish off the property!! This large townhouse style duplex is 95% completed, this is a perfect opportunity to bring it over the finish line and create a cash cow of a rental property! Both townhouse style units feature 3 bedrooms 2 full bathrooms each with projected rent per apartment of $1,650 each that comes out to $39,600 per year in potential rental income and a 10% cap rate. The building has all new plumbing, a Lenox furnaces (2 per unit), new 200 amp panels, new bathrooms, lighting, kitchens, flooring, trim and a ton more. This an "AS IS" sale, seller to make no repairs, no city inspections and buyer can get inspection for their info only.
Property Details
Property Features
Listing Office:
Office Name: Niche Advisors
Exterior Features
Parking Information:
Attached Garage: No
Parking: Off Street, On Street
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Electric
Price Information
Listing Price Info
Price Summary:
List Price: $315,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Saint Louis, MO.
This property is $94.9K more than the Median Sold Price in Saint Louis, MO.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MARIS
MLS Number: #24058204
Listing Office:
Office Name: Niche Advisors
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,640
Per Month
Principal & Interest
$1,573
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,011
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Froebel Literacy Academy
3709 Nebraska Ave
Distance between this listing and this school0.18 miles
Public District Grades PK-6
3
/10
Meramec Elementary School
2745 Meramec St
Distance between this listing and this school0.58 miles
Public District Grades PK-5
5
/10
Mann Elementary School
4047 Juniata St
Distance between this listing and this school1.40 miles
Public District Grades PK-5
Nearby Schools
2
/10
Eagle Gravois Park
3630 Ohio Ave
Distance between this listing and this school0.49 miles
Public Charter Grades KG-7
5
/10
South City
3112 Meramec St
Distance between this listing and this school0.52 miles
Public Charter Grades PK-8
4
/10
Eagle Tower Grove East
2900 S Grand Blvd
Distance between this listing and this school1.19 miles
Public Charter Grades KG-7
Nearby Schools
2
/10
Carnahan School of the Future
4041 S Broadway
Distance between this listing and this school0.59 miles
Public District Grades 9-12
1
/10
Roosevelt High School
3230 Hartford St
Distance between this listing and this school0.88 miles
Public District Grades 9-12
8
/10
McKinley Classical Leadership Academy
2156 Russell Blvd
Distance between this listing and this school1.83 miles
The neighbors living near this home have an average income of $24,254. The majority of Saint Louis, MO residents have income less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
This home is located at 3136 Chippewa St in Saint Louis, MO and zip code 63118 in the South City neighborhood. This home sits on a 0.15 acre lot. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $315,000.
In November 2024, from all listings sold in Saint Louis, MO there were more than 58 sold above asking price, over 120 sold below and more than 43 were sold right at the asked price. The inventory of homes for sale in Saint Louis, MO between October 2024 and November 2024 decreased by 1.6%. While the average time on the market in November 2024 was 38 days, the median list price was $220,090.
From Rocket Homes Real Estate and based on county public records data.