901 W 7th St, Chanute, KS 66720

This is a rare and exciting opportunity for a seasoned investor looking to expand their portfolio or for someone just getting started in the world of investment properties. Whether you are searching for a multi-income-producing property, a chance to offset your living expenses, or a smart long-term investment, this unique offering checks all the boxes. Sitting side by side on a desirable corner lot, these two homes provide flexibility, income potential, and the type of opportunity that is becoming increasingly difficult to find in today's market. The layout of the properties allows for privacy while still offering convenience, making them ideal for rental income, multigenerational living, or owner occupancy with supplemental rental revenue. The first home is a spacious 3-bedroom, 1-bath property that offers both functionality and comfort. One of the standout features is the full basement, providing excellent additional space for storage, a workshop area, recreational room, or even future possibilities for added living space. The home also features updated heating and air systems, helping provide year-round comfort and efficiency. The generous-sized bedrooms and functional floor plan create a welcoming atmosphere, while the added basement space offers flexibility that is difficult to find at this price point. This property is move-in ready while still leaving room for future updates or added value if desired. The second home is a well-maintained 2-bedroom, 1.5-bath property that offers great rental appeal and practical living space. The additional half bath adds convenience for families, guests, or tenants, increasing overall functionality. This home provides a comfortable layout that would work perfectly as a rental property, guest house, or owner-occupied residence. Its manageable size, paired with excellent potential, makes it attractive for long-term tenants or buyers looking for affordability with room to grow. Outside, both properties continue to impress with large yards that provide plenty of room for outdoor entertaining, pets, gardening, or simply enjoying the outdoors. Mature trees provide shade and add charm to the setting, creating inviting outdoor spaces around both homes. Each property includes a garage, offering excellent storage for vehicles, lawn equipment, tools, or recreational items. The corner lot location provides added privacy, easy access, and increased curb appeal while giving the homes extra breathing room compared to neighboring properties. For first-time investors, this setup presents an incredible opportunity to live in one property while renting out the second, allowing rental income to help offset monthly expenses and build long-term equity. For experienced investors, this is a chance to acquire two income-producing properties in one purchase with excellent upside potential. Properties like this rarely come available and offer a combination of versatility, location, and investment opportunity that is hard to beat. Key Features: - Two homes on one spacious corner lot - Excellent investment opportunity or owner-occupancy potential - First home: 3 bedrooms, 1 bathroom, and a full basement - Updated heating and air system in the first home - Second home: 2 bedrooms and 1.5 bathrooms - Large yards with room for outdoor activities and entertaining - Mature shade trees for comfort and curb appeal - Garages for parking, storage, or workspace - Opportunity to live in one home and rent the other - Strong rental income potential - Great for first-time or seasoned investors - Rare chance to own two neighboring properties in one purchase