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Welcome to Chestnut Apartments, a charming residential enclave containing four brick sixplex buildings, one duplex, and two parking lots. The 26 units and 31 parking spaces are spread over six parcels and 1.15 acre of land. The sixplex buildings were originally built in 1930 and have been extensively renovated in the last 3 years. Nestled conveniently next to Downtown Kansas City in the desirable Pendleton Heights neighborhood these well-crafted residences boast spacious floor plans and solid construction. The in-unit washer/dryer hookups add convenience, while the large dedicated parking lot enhances accessibility for residents. Cash flow with these properties now while making a valuable land play. These lots have zoning to build a total of 70 units in the future.

Listed by:

Lutz Sales + Investments

Source: Greater Heartland Region MLS, MLS#: 2464035

  • Property Type
    ResidentialIncome

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  • Median Age
    32
  • Population Density
    6,936
  • College Educated
    20%
  • Estimated Median Monthly Income
    $34,402
  • Estimated Total Home Owners
    2,220
  • Estimated Total Renters
    1,837
  • Owner / Renter Divide
    55% / 45%
  • Estimated Average Household Size
    3
  • Total Population
    11,809
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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*Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Life at 527-537 Chestnut Avenue

Schools

1
Scuola Vita Nuova Charter
  • Grades: KG-8
  • Public
1
Scuola Vita Nuova Charter
  • Grades: KG-8
  • Public
School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

History

Date Event Value Agent
11/20/2023Source: Greater Heartland Region MLS Added to Database
November 20, 2023