$2,200,000
$2,200,000
For more information regarding the value of a property, please contact us for a free consultation.
527-541 Chestnut AVE Kansas City, MO 64124
0.64 Acres Lot
Key Details
Sold Price $2,200,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Phillips' Charles E Add
MLS Listing ID 2468626
Sold Date 03/13/24
Year Built 1930
Annual Tax Amount $18,066
Lot Size 0.637 Acres
Acres 0.63682276
Property Description
Welcome to The Chestnut Apartments, a charming residential enclave containing three brick six-plex buildings and one duplex with a 21-spot parking lot. The buildings were originally built in 1930 and have undergone extensive renovations in the last three years. Nestled conveniently next to Downtown Kansas City in the desirable Pendleton Heights neighborhood these 100% renovated units offer spacious floor plans, desirable two-bedroom layouts with luxury renovations and in-unit washer/dryer hookups.
Cash flow with these properties now while making a valuable land play, these five parcels can house a total 65 units by right. The vacant lot could be developed as mixed use, commercial, and allows up to 16 units by right. These parcels are a valuable future development opportunity.
527 Chestnut Ave, Kansas City, MO 64124: 6 Units
531 Chestnut Ave, Kansas City, MO 64124: 6 Units
535 Chestnut Ave, Kansas City, MO 64124: 6 Units (also listed individually as MLS 2468642)
541 Chestnut Ave, Kansas City, MO 64124: Vacant Lot
528 Bellefontaine Ave, Kansas City, MO 64124: Duplex
Location
State MO
County Jackson
Zoning R-1.5
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Ind Heat And Air, Ind Water Heaters, Separate Meters
Roof Type Synthetic
Building
Story 3
Sewer City/Public
Water Public
Structure Type Brick & Frame,Wood Siding
Schools
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
