3752 Chippewa St
Multifamily | 14 Units | $60,714/unit
Marketing description
3752 Chippewa Street is a 14-unit multifamily building located in the heart of South St. Louis. Constructed in 1960 and totaling approximately 9,880 square feet, the asset is comprised entirely of one-bedroom, one-bathroom units. Each apartment spans roughly 625 square feet and features a functional four-room layout, including a spacious living area and a remodeled kitchen with a dedicated dining space. Interior finishes include laminate flooring throughout and ample storage with double closets in each bedroom. The property offers a stabilized investment opportunity with several key operational advantages. Recent updates include individual forced-air heating and central cooling systems, with tenants responsible for their own electricity and gas utilities. The building provides an on-site parking lot for residents and sits directly adjacent to a major bus stop, ensuring high tenant accessibility. With a consistent rental history and a location that benefits from the density of the surrounding neighborhood, this property is positioned for steady cash flow and long-term appreciation.
Investment highlights
14 Renovated Units in South City
Less than $65,000 a unit
Updated Utility Systems
93% Occupied
Ability to Raise Rents to Market
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