Solid brick home now offered at an improved price under $40k. This value-add opportunity offers strong upside for an investor looking to renovate and reposition for rental income or resale. The property features ample space, a functional layout, and solid rental potential after updates. Significant cosmetic and/or mechanical improvements may be needed, making this a good candidate for a rehab-to-rent or BRRRR strategy. Conveniently located near major corridors and employment centers, supporting steady rental demand. Seller is open to serious offers. Property sold as-is. No wholesalers.
For sale
Price cut: $4.9K (7/10)
$35,000
1025 Chelsea Ave, Memphis, TN 38107
3beds
1,260sqft
Single Family Residence
Built in 1925
5,662 Square Feet Lot
$-- Zestimate®
$28/sqft
$-- HOA
What's special
Functional layoutAmple space
- 192 days
- 184
- 5
Zillow last checked:
Listing updated:
Listed by:
Zakiyyah M Langford,
MLE Realty, LLC 901-213-6534
Source: MAAR,MLS#: 10215089
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Dimensions: 0 x 0
Dining room
- Features: Separate Dining Room
- Dimensions: 0 x 0
Living room
- Features: Separate Living Room
- Dimensions: 0 x 0
Den
- Dimensions: 0 x 0
Heating
- Other (See REMARKS)
Cooling
- Other (See REMARKS)
Features
- All Bedrooms Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total interior livable area: 1,260 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway/Pad
- Covered spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Porch
- Exterior features: Sidewalks
- Pool features: None
Lot
- Size: 5,662 Square Feet
- Dimensions: 52 x 118
- Features: Level
Details
- Parcel number: 021046 00003
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1925
Community & HOA
Community
- Subdivision: Murphy-re Blk 5
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $28/sqft
- Tax assessed value: $46,600
- Annual tax amount: $614
- Price range: $35K - $35K
- Date on market: 2/20/2026
- Cumulative days on market: 193 days
Estimated market value
Not available
Estimated sales range
Not available
$1,137/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Price change | $35,000-12.3%$28/sqft |
Source:  MAAR #10215089 Report a problem | ||
| 5/4/2026 | Price change | $39,900-11.3%$32/sqft |
Source: MAAR #10215089 Report a problem | ||
| 3/24/2026 | Price change | $45,000-10%$36/sqft |
Source: MAAR #10215089 Report a problem | ||
| 2/20/2026 | Listed for sale | $50,000+11.1%$40/sqft |
Source: MAAR #10215089 Report a problem | ||
| 10/1/2025 | Listing removed | $45,000$36/sqft |
Source: MAAR #10189830 Report a problem | ||
| 5/29/2025 | Price change | $45,000-10%$36/sqft |
Source: MAAR #10189830 Report a problem | ||
| 4/22/2025 | Price change | $50,000-9.1%$40/sqft |
Source: MAAR #10189830 Report a problem | ||
| 2/11/2025 | Listed for sale | $55,000+418.9%$44/sqft |
Source: MAAR #10189830 Report a problem | ||
| 7/2/1973 | Sold | $10,600$8/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $614 +35.1% | $11,650 +68.8% |
| 2024 | $454 +8.1% | $6,900 |
| 2023 | $420 | $6,900 |
| 2022 | -- | $6,900 |
| 2021 | -- | $6,900 +29% |
| 2020 | $171 | $5,350 |
| 2019 | $171 -21.1% | $5,350 |
| 2018 | $217 -45.1% | $5,350 |
| 2017 | $395 +69.6% | $5,350 -21.9% |
| 2016 | $233 -13.3% | $6,850 |
| 2014 | $269 | $6,850 |
| 2013 | -- | $6,850 -18.7% |
| 2012 | -- | $8,425 |
| 2011 | -- | $8,425 |
| 2010 | -- | $8,425 |
| 2009 | -- | $8,425 -12.9% |
| 2008 | -- | $9,675 |
| 2007 | -- | $9,675 |
| 2006 | -- | $9,675 |
| 2005 | -- | $9,675 +49.4% |
| 2004 | -- | $6,475 |
| 2003 | -- | $6,475 |
| 2002 | -- | $6,475 |
| 2001 | -- | $6,475 -32% |
| 2000 | -- | $9,525 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Downtown
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