527-541 Chestnut Avenue, Kansas City, MO 64124

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Sold Price
$?
List Price
$2,200,000
Closing Date
Mar 13, 2024
MLS#
2468626
Status
SOLD
Type
Multifamily
Lot Size
27,740
Acres
0.64
Subdivision
Phillips' Charles E Add
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(816) 807-8797

Property Description

Welcome to The Chestnut Apartments, a charming residential enclave containing three brick six-plex buildings and one duplex with a 21-spot parking lot. The buildings were originally built in 1930 and have undergone extensive renovations in the last three years. Nestled conveniently next to Downtown Kansas City in the desirable Pendleton Heights neighborhood these 100% renovated units offer spacious floor plans, desirable two-bedroom layouts with luxury renovations and in-unit washer/dryer hookups. Cash flow with these properties now while making a valuable land play, these five parcels can house a total 65 units by right. The vacant lot could be developed as mixed use, commercial, and allows up to 16 units by right. These parcels are a valuable future development opportunity. 527 Chestnut Ave, Kansas City, MO 64124: 6 Units 531 Chestnut Ave, Kansas City, MO 64124: 6 Units 535 Chestnut Ave, Kansas City, MO 64124: 6 Units (also listed individually as MLS 2468642) 541 Chestnut Ave, Kansas City, MO 64124: Vacant Lot 528 Bellefontaine Ave, Kansas City, MO 64124: Duplex

(816) 807-8797
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Additional Information

Year Built
1930
School District
Kansas City Mo
Basement
Yes
Roof
Synthetic
Central Air
Electric
Sewer
City/Public
Construction
Brick & Frame, Wood Siding
Water
Public
Cooling
Electric
Heating
Forced Air
Taxes
$18,066
Zoning
R-1.5
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Listing courtesy of Michelle Lutz of Lutz Sales + Investments.

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