821 N Chestnut Street Lansing, MI $ 230,000
821 N Chestnut Street
$ 230,000
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821 N Chestnut Street

Lansing, MI, 48906
$ 230,000
Baths1.0

Monthly Estimate*

$ 1,416

821 N Chestnut Street, Lansing, MI 48906 - Image 1
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Studio

Multi-Family Home for sale in Lansing, MI

for $230,000 with 1 full bath. This home was built in 1875 on a lot size of 0.25.

Great opportunity to own a fully occupied 3-unit multifamily property generating immediate rental income. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Unit 1 rents for $1,000/month, Unit 2 rents for $775/month, and Unit 3 rents for $1,140/month, offering steady cash flow. Recent improvements include a new high-efficiency boiler, new stove installed in one unit, and roof repairs. Additional features include communal access to washer and dryer, an asphalt parking area, and a private backyard for tenant use. All units are currently leased, making this a turnkey investment opportunity for investors seeking an income-producing property. Photos were taken before the tenants moved in.

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Multi-Family Active

Price

$ 230,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.25

Year Built

1875

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

294367

Features
General
Sewer Public Sewer
Heating Hot Water Natural Gas
Cooling None
Roof Shingle
Appliances Electric Water Heater
Security Features Smoke Detector(s)
Construction Materials Vinyl Siding
Year Built 1875
Electric 100 Amp Service
Township Lansing City
Levels Two
Property Subtype Triplex
Tax Year 2025
County Ingham
Property Type Resid/Multi-Family
Attached Garage false
Subdivision Name Original of Lansing
Garage Y/N N
Status Active
Directions Chestnut Street
City Lansing
Senior Community Y/N N
High School District Lansing
Zoning Description Zoning
Number Of Units Total 3
Lot Size Units Acres
Lot Size Square Feet 10890
Carport Y/N N
Land Lease Y/N N
Current Financing Conventional
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 62237
Legal Description LOT 3 BLOCK E SUB OF BLOCKS 26 & 27 ORIG PLAT
New Construction None
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Interior
Basement Crawl Space
Basement (Y/N) N
Air Conditioning Y/N false
Heating Y/N true
Above Grade Finished Area 2434
Laundry Features Common Area
Total Baths 1
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Exterior
Parking Features Asphalt Private
Lot Features Back Yard Private
Water Source Public
Total Parking 6
Lot Size Area 0.25
Spa N
Lot Dimensions 66x165
Lot Size Acres 0.25
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 821
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* Excluded Features
List By
Senada Pargan

Listing Agent

Century 21 Affiliated

Broker

senada@c21affiliated.com

Email

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$1,416
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Monthly Principal & Interest
$1,416
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
3/10/2026$230,000 Listed Price

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821 N Chestnut Street, Lansing, MI, 48906 is a Multi-Family Home for sale at $230,000 with a lot size of 0.25. 821 N Chestnut Street is a studio with 1.0 baths and was built in 1875. The property's zip code is 48906 which is in Lansing, MI