3914 Chippewa Street

About this home

Excellent opportunity to add to your portfolio or jump into multifamily investing with this solid all brick 4 family in the heart of South St. Louis! Currently generating strong in place income with three units renting for $750 per month and one unit just leased at $850 per month offering immediate cash flow from day one. One rent is paid for BJC and two others are paid by DePaul, so over half the rent is guaranteed! Recent capital improvements include all new water heaters, and sewer lateral repairs helping reduce future maintenance expenses and improve long-term stability for a new owner. This pitched roof offers low maintenance and is hard to find on 4 families! The property also features a valuable rear parking pad, a highly desirable amenity for tenants in the area. Spacious units with classic South City charm, and strong rental demand make this a great fit for both seasoned investors and house hackers looking to offset their mortgage with rental income. Live in one unit while the others help pay the bills, or add a stabilized multifamily asset to your portfolio. Conveniently located near Civil Life Brewery, Friendly's, and super accessible to everything South City has to offer. Whether you’re looking for steady cash flow, long-term appreciation, or an owner-occupant investment strategy, this property checks all the boxes! One unit is vacant and easy to show along with the basement. The occupied units can be seen with an accepted contract. Schedule a showing today!

Property details

County

St Louis City

Subdivision

Grand Gravois Park

Lot size

0.1313 acres

Garage spaces

0

Days on market

65

Annual taxes

$2,893

HOA fee

$0

Heating

Forced Air, Natural Gas

Cooling

Ceiling Fan(s), Central Air, Wall/Window Unit(s)

Basement

Unfinished

Appliances

Gas Oven, Refrigerator

Flooring

Hardwood

Fireplaces

0

Style

Historic

Schools

School district

St. Louis City

Elementary

Oak Hill Elem.

Middle

Long Middle Community Ed. Center

High

Roosevelt High

Location