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Sold for $962,000
    • $962,000

    1617 N Chestnut St, Colorado Springs, CO 80907

    8beds
    5baths
    3,802sqft
    Quadruplex
    Built in 1919
    -- sqft lot
    $487,100 Zestimate®
    $253/sqft
    $1,382 Estimated rent

    Home value

    $487,100

    $458,000 - $516,000

    $1,382/mo

    Zestimate® history
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    What's special

    Stylish new cabinetsContemporary flooringFenced-in yardsAmple off-street parkingDurable stuccoElegant granite countertops
    Discover a prime investment opportunity on the coveted West Side of Colorado Springs with this well-maintained income property. Comprising four meticulously renovated rental units across two lots, this property offers both modern amenities and substantial income potential. Renovations completed in 2014/2015 include stylish new cabinets, elegant granite countertops, contemporary flooring, and efficient hot water heating systems. The two stand-alone homes boasts durable Stucco while the front units have Hardy plank siding, enhancing both aesthetics and longevity. Tenants will appreciate the privacy of fenced-in yards and the convenience of ample off-street parking. Additionally, a generous 45' RV carport provides extra value and versatility. This property is an excellent choice for investors seeking a turn-key asset in a desirable location.

    Zillow last checked:

    Listing updated:

    Listed by:

    Shawn Keehn CRS PSA 719-439-1651,

    Coldwell Banker 1st Choice Realty

    Bought with:

    Non Member

    Non Member

    Source: elevateMLS,MLS#: 1231214MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 5
    Heating
    • Hot Water
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Dryer, Oven, Refrigerator, Washer
    • Laundry: Electric Hook-up
    Features
    • Basement: Full
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total interior livable area: 3,802 sqft

    Property

    Features
    • Fencing: Full
    Lot
    • Size: 0.4 Acres
    Details
    • Parcel number: 7401408015

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Stucco
    • Roof: Composite Shingle
    Condition
    • Year built: 1919

    Utilities & green energy

    • Water: Municipal

    Community & HOA

    Location
    • Region: Colorado Springs

    Financial & listing details

    • Price per square foot: $253/sqft
    • Tax assessed value: $458,890
    • Annual tax amount: $2,640
    • Date on market: 9/6/2024
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    2/28/2025Sold$962,000-3.7%$253/sqft
    Source: elevateMLS #1231214 Report a problem
    1/12/2025Pending sale$999,050$263/sqft
    Source: REcolorado as distributed by MLS GRID #9011885 Report a problem
    1/12/2025Contingent$999,050$263/sqft
    Source: elevateMLS #1231214 Report a problem
    12/2/2024Price change$999,050-8.8%$263/sqft
    Source: elevateMLS #1231214 Report a problem
    10/17/2024Price change$1,095,000-4.8%$288/sqft
    Source: elevateMLS #1231214 Report a problem
    9/6/2024Listed for sale$1,150,000+637.2%$302/sqft
    Source: elevateMLS #1231214 Report a problem
    11/28/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    11/21/2021Listed for rent$2,200+4.8%$1/sqft
    Source: Zillow Rental Manager Report a problem
    2/20/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    2/14/2021Price change$2,100-6.7%$1/sqft
    Source: Zillow Rental Manager Report a problem
    2/10/2021Price change$2,250-2%$1/sqft
    Source: Zillow Rental Manager Report a problem
    2/9/2021Price change$2,295-6.3%$1/sqft
    Source: Zillow Rental Manager Report a problem
    2/5/2021Price change$2,450-14%$1/sqft
    Source: Zillow Rental Manager Report a problem
    2/3/2021Listed for rent$2,850+78.7%$1/sqft
    Source: Zillow Rental Manager Report a problem
    11/5/2015Listing removed$1,595
    Source: Owner Report a problem
    10/30/2015Listed for rent$1,595
    Source: Owner Report a problem
    3/8/2013Sold$156,000+0.8%$41/sqft
    Source: Public Record Report a problem
    11/25/2008Sold$154,800-6.5%$41/sqft
    Source: Public Record Report a problem
    9/22/1998Sold$165,500$44/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,349 +22.8%$30,750
    2023$1,098 -9.8%$30,750 +56.6%
    2022$1,218 $19,630 -4.9%
    2021-- $20,640 +18.7%
    2020$1,180 +0.5%$17,390
    2019$1,174 +22.1%$17,390 +25.7%
    2018$961 -5.3%$13,830
    2017$1,015 +5.6%$13,830 +6.3%
    2016$961 +27.4%$13,010
    2015$754 +50.8%$13,010 +3%
    2014$500 $12,630 -16.7%
    2008-- $15,160
    2006-- $15,160 +16.1%
    2004-- $13,060
    2003$845 +3.7%$13,060 -12.1%
    2002$814 +38%$14,850 +46%
    2001$590 $10,170
    Find assessor info on the county website

    Neighborhood: West Colorado Springs

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Colorado Springs 11

    Source: elevateMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $487,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $487,100

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