BRAND NEW construction, Luxury 9-Unit Multifamily Property in a Coveted high end location! This prime investment features two-bedroom, two-bathroom units and is built with quality and style, featuring spacious open kitchens, modern finishes, private balconies, and breathtaking views of Gillham Park and the skyline. Every detail is crafted to appeal to renters seeking upscale living and convenience close to major Kansas City employers like H&R Block, American Century and Hallmark Cards. Kansas City’s multifamily sector is thriving, offering steady demand and attractive returns for real estate investors. Rental growth across Kansas City has consistently outpaced the national average, and new construction properties—especially luxury units—are seeing high occupancy rates and top dollar rents. Recent data shows KC multifamily properties yielding average annual returns of 8-10%, making them an excellent addition to any portfolio. This property’s proximity to downtown Kansas City, the University of Kansas Hospital, Children’s Mercy Hospital, and Country Club Plaza ensures a steady pool of renters from various demographics, including young professionals, medical staff, and retirees. Residents will enjoy access to premier dining, shopping, and nightlife, while outdoor enthusiasts can unwind at nearby Gillham and Loose Parks. Cultural attractions like the nearby Nelson-Atkins Museum of Art add to the appeal, making this area highly desirable for both young professionals and retirees looking for a second home in KC. Designed for ease of ownership, the energy-efficient systems and high-quality construction ensure minimal maintenance, ideal for investors looking for hassle-free ownership. This luxury multifamily building blends the best of modern conveniences with a prime Kansas City location—resulting in high rental demand, low vacancy, and an attractive, sustainable income stream. Construction has just commenced and the very first tenants have started moving in.
Property Details
Property Features
Property Information:
Year Built: 2024
Stories: 3
Listing Office:
Office Name: Lutz Sales + Investments
Office Phone: (913) 426-5576
Listing Agent: Michelle Lutz
Interior Features
Interior Information:
Basement: No
Exterior Features
Parking Information:
Parking: Off Street
Utilities
Utilities Information:
Heating: Other
Cooling: Other
Other
Directions Information:
Directions: Head north on Walnut St toward E 16th St, go 0.1 mi Turn right onto Truman Rd, go 423 ft Take the ramp on the left to I-70 E, go 0.2 mi Merge onto I-670 E, go 0.1 mi Take the exit onto US-71 S, go 2.8 mi Take the exit toward 39th St, go 0.2 mi Merge onto Michigan Ave, go 404 ft Turn right onto E 39th St, go 0.9 mi Turn left onto Kenwood Ave Destination will be on the left, go 492 ft
Price Information
Listing Price Info
Price Summary:
List Price: $3,075,000
Tax Information:
Annual Amount: $2,093
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Kansas City, MO.
This property is $2.7M more than the Median List Price in Kansas City, MO.
Based on homes listed in the last 12 months
MLS Details
MLS Information:
MLS Name: HMLS
MLS Number: #2515721
Listing Office:
Office Name: Lutz Sales + Investments
Office Phone: (913) 426-5576
Listing Agent: Michelle Lutz
Listings courtesy of Heartland Multiple Listing Service Inc. 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.
Copyright 2024, Heartland Multiple Listing Service, Inc.
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.
Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/13/2024, 11:54:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$2,093
$22,305
2019
$610
$22,305
2018
$610
$7,355
2017
$585
$7,355
History based on county public records data.
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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
2
/10
Allen Village Elementary School
706 W 42nd St
Distance between this listing and this school0.93 miles
Public Charter Grades 3-5
5
/10
Primary Grades Campus
3435 Broadway Blvd
Distance between this listing and this school0.93 miles
Public Charter Grades PK-5
4
/10
Faxon Elementary School
1320 E 32nd Ter
Distance between this listing and this school1.05 miles
Public District Grades KG-6
Nearby Schools
5
/10
Academie Lafayette - Armour
201 E Armour Blvd
Distance between this listing and this school0.64 miles
Public Charter Grades 6-9
7
/10
Foreign Language Academy
3450 Warwick Blvd
Distance between this listing and this school0.73 miles
Public Magnet Grades PK-8
3
/10
Lee A. Tolbert Community Academy
3400 Paseo Blvd
Distance between this listing and this school0.83 miles
Public Charter Grades PK-8
Nearby Schools
1
/10
Delasalle Charter High School
3737 Troost Ave
Distance between this listing and this school0.41 miles
Public Charter Grades 9-12
9
/10
Allen Village High School
706 W 42nd St
Distance between this listing and this school0.84 miles
Public Charter Grades 9-12
2
/10
Paseo Academy of Performing Arts
4747 Flora Ave
Distance between this listing and this school1.24 miles
The neighbors living near this home have an average income of $56,798. Residents of Kansas City, MO typically earn less than $35k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3937 Kenwood Ave
What is the listing price of this property?
The listing price of 3937 Kenwood Ave property is $3,075,000.
What type of property is this?
The property 3937 Kenwood Ave is a condo located in Kansas City, Missouri, 64110.
Is this property for sale now?
Active Listing: 3937 Kenwood Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $2,093 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 3937 Kenwood Ave is 2024.
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This home is located at 3937 Kenwood Ave in Kansas City, MO and zip code 64110 in the Midtown neighborhood. This home was built in 2024. It has been listed on Rocket Homes since November 09, 2024 and is currently priced at $3,075,000.
The number of listings in Kansas City, MO increased by 12.5% between September 2024 and October 2024. The median list price of listings available in October 2024 was $280,101, while the average time on the real estate market was 79 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.
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