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.
Sold for $215,000
$215,000
821 N Chestnut St, Lansing, MI 48906
4beds
3baths
--sqft
Triplex
Built in 1875
-- sqft lot
$216,400 Zestimate®
$--/sqft
$1,356 Estimated rent
Home value
$216,400
$206,000 - $227,000
$1,356/mo
Zestimate® history
Owner options
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$1,356/mo
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$1,356/mo
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$1,537/mo
Est. payment
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$1,537/mo
Est. payment
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List your homeWhat's special
Asphalt parking areaNew high-efficiency boiler
Zillow last checked:
Listing updated:
Listed by:
Senada Pargan 517-505-3296,
Century 21 Affiliated
Source: Greater Lansing AOR,MLS#: 294367
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Electric Water Heater
- Laundry: Common Area
Features
- Basement: Crawl Space
Interior area
- Finished area above ground: 2,434
Property
Parking
- Total spaces: 6
- Parking features: Asphalt, Private
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.25 Acres
- Dimensions: 66 x 165
- Features: Back Yard, Private
Details
- Parcel number: 33010109360171
- Zoning description: Zoning
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1875
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Lansing
- Subdivision: Original of Lansing
Other
Other facts
- Listing terms: Cash,Conventional,FHA,MSHDA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Sold | $215,000-4.4% |
Source:  Greater Lansing AOR #294367 Report a problem | ||
| 5/14/2026 | Pending sale | $225,000 |
Source: Greater Lansing AOR #294367 Report a problem | ||
| 3/31/2026 | Price change | $225,000-2.2% |
Source: Greater Lansing AOR #294367 Report a problem | ||
| 3/10/2026 | Listed for sale | $230,000+91.7% |
Source: Greater Lansing AOR #294367 Report a problem | ||
| 11/22/2019 | Sold | $120,000-11.1% |
Source: Greater Lansing AOR #242208 Report a problem | ||
| 11/12/2019 | Pending sale | $135,000 |
Source: Berkshire Hathaway HomeServices Tomie Raines #242208 Report a problem | ||
| 10/31/2019 | Listed for sale | $135,000+22.7% |
Source: Berkshire Hathaway HomeServices Tomie Raines #242208 Report a problem | ||
| 8/13/2002 | Sold | $110,000+41% |
Source: Public Record Report a problem | ||
| 4/22/2002 | Sold | $78,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,787 | $86,700 +23.2% |
| 2023 | -- | $70,400 +10.9% |
| 2022 | -- | $63,500 +12.8% |
| 2021 | -- | $56,300 +10.6% |
| 2020 | -- | $50,900 +4.3% |
| 2019 | $3,270 | $48,800 +9.2% |
| 2018 | $3,270 +4.1% | $44,700 |
| 2017 | $3,140 | $44,700 +1.8% |
| 2016 | $3,140 | $43,900 +3.3% |
| 2015 | $3,140 | $42,500 +7.1% |
| 2014 | $3,140 | $39,700 -2.9% |
| 2013 | -- | $40,900 -11.1% |
| 2012 | -- | $46,000 -9.8% |
| 2011 | -- | $51,000 -12.5% |
| 2010 | -- | $58,300 -9.6% |
| 2009 | -- | $64,500 -8.5% |
| 2008 | -- | $70,500 +0.6% |
| 2007 | -- | $70,100 -8.6% |
| 2006 | -- | $76,700 +18.9% |
| 2005 | -- | $64,500 +21% |
| 2004 | -- | $53,300 +14.6% |
| 2003 | -- | $46,500 +17.1% |
| 2002 | -- | $39,700 +13.4% |
| 2001 | -- | $35,000 +5.1% |
| 2000 | -- | $33,300 |
Find assessor info on the county website
Neighborhood: Old Town
Nearby schools
GreatSchools rating
- 4/10Willow SchoolGrades: PK-5Distance: 1 mi
- 4/10Pattengill AcademyGrades: PK-8Distance: 1.9 mi
- 3/10J.W. Sexton High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- High: Lansing
Source: Greater Lansing AOR. 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
$216,400
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
$216,400
- Michigan
- Ingham County
- Lansing
- 48906
- Old Town
- 821 N Chestnut St
Nearby cities
Nearby neighborhoods
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