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For sale
    • $334,900

    510 E Chicago St, Rapid City, SD 57701

    5beds
    --baths
    1,602sqft
    : 
    $2,166/mo
    Get pre-qualified
    Triplex
    Built in 1940
    -- sqft lot
    $322,300 Zestimate®
    $209/sqft
    $-- HOA

    What's special

    Main-floor residenceFully finished lower-level suiteDetached one-bedroom efficiency cottage
    (Tri-Plex: Home + Finished Basement Suite + Detached ADU) Unlock the rare opportunity to live in your own home while your tenants help pay the mortgage. This versatile property functions as a non-conforming triplex, offering three unique living spaces: a main-floor residence, a fully finished lower-level suite, and a detached one-bedroom efficiency cottage. Whether you’re an investor, a house-hacker, or someone looking to offset monthly expenses, this property delivers immediate income and long-term potential. Upgrades throughout including electrical updates. FINANCIALS AND UTILITY REPORTS AVAILABLE UPON REQUEST WITH SIGNED NDA; long term tenant main floor (showings best between 3 and 5 and no showings Fridays at 5:00 through Saturday at 5:00 (sabbatical for owners)
    8 hours
    |
    6
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tammy Ackerman,

    Exit Realty Black Hills

    Source: Mount Rushmore Area AOR,MLS#: 89677MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      Heating
      • Natural Gas, Electric
      Cooling
      • Wall Unit(s)
      Appliances
      • Included: Refrigerator, Electric Range Oven, Microwave, Range Hood
      Features
      • Basement: Full,Finished
      Interior area
      • Total structure area: 1,602
      • Total interior livable area: 1,602 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Other (See Remarks), Paved
      Features
      • Entry location: Private Entrance
      Lot
      • Size: 8,712 Square Feet
      Details
      • Additional structures: Shed(s), Outbuilding
      • Parcel number: 2131381009

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex
      Materials
      • Frame, Metal Siding
      • Roof: Composition
      Condition
      • Year built: 1940

      Utilities & green energy

      • Electric: Breaker

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Blakes Addition
      Location
      • Region: Rapid City

      Financial & listing details

      • Price per square foot: $209/sqft
      • Tax assessed value: $171,500
      • Annual tax amount: $2,373
      • Date on market: 7/28/2026
      • Listing terms: Cash,New Loan
      • Inclusions: Some Units, Refrigerator, Range/Oven, Microwave, Air Conditioner
      • Lease term: Negotiable,12 Months
      • Tenant pays: Rent Only, See Remarks
      • Road surface type: Paved

        Estimated market value

        $322,300

        $306,000 - $338,000

        $1,535/mo

        Price history

        DateEventPrice
        7/21/2026Listed for sale$334,900+20%$209/sqft
        Source: Black Hills AOR #180112 Report a problem
        5/24/2025Listing removed$279,000$174/sqft
        Source: Black Hills AOR #172788 Report a problem
        5/15/2025Listed for sale$279,000$174/sqft
        Source: Black Hills AOR #172788 Report a problem
        3/27/2025Contingent$279,000$174/sqft
        Source: Black Hills AOR #172789 Report a problem
        3/18/2025Listed for sale$279,000+105.1%$174/sqft
        Source: Black Hills AOR #172789 Report a problem
        5/29/2020Sold$136,000$85/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,373 +3.8%$171,500 -1.7%
        2024$2,287 +10.6%$174,500 +7.4%
        2023$2,068 -4.8%$162,500 +19.3%
        2022$2,172 $136,200 +3.7%
        2021-- $131,400 +30%
        2020$1,727 +2.3%$101,100 +4.8%
        2019$1,688 +3.1%$96,500 +4%
        2018$1,637 +7.3%$92,800 +4.7%
        2017$1,525 $88,600 -2.3%
        2016$1,525 -14.2%$90,700 -2.3%
        2015$1,778 $92,800 +15.7%
        2014$1,778 $80,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 57701

        Getting around

        54 / 100
        Somewhat Walkable
        67 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Rapid City

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

        A local agent can set up tours, give advice and negotiate with sellers.

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