4509 Chouteau, St Louis, MO 63110

$285,000
3,570
SqFt
List Price
$285,000
Price Change
▼ $10,000 1506469586
Days on Market
89
MLS#
17067628
Status
ACTIVE
Living Sq. Ft
3,570
Lot Size
5,097
Sq. Ft. Above
3570
Acres
0.117
Year Built
1923
Subdivision
Kingshighway Add
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

It’s not often you find two side-by-side 4-families for sale (see 4515 Chouteau MLS# 17067676), but it’s even more uncommon for them to be located in such a stellar location. Sitting right off of the northwest corner of Chouteau and Taylor, this 8-unit package is located in the Grove just across the bridge from the amazing Cortex Innovation Community. These buildings are currently fully-occupied with rents ranging from $550 to $636. Each unit has the same 4-room layout with a private bedroom in the rear and one bath. The current layout makes for a very spacious 1-bed, but with a renovation, these units could easily be converted to 2-beds with private beds in the front and rear of each unit. The returns, as things stand, are modest but with a rehab, fetching rents of $1,200 a month or higher should be easy. Seller willing to split the buildings under the right circumstances, but prefers to sell as a package ($570,000) with 4515 Chouteau (MLS #17067676).

Additional Information

School District
St. Louis City
Elementary School
Adams Elem.
Jr. High School
Fanning Middle Community Ed.
Sr. High School
Roosevelt High
Construction
Brick/Stone Msn Pred
Parking Description
On Street Parking
Operating Expenses
Lawn Care, Maintenance, Management, Snow Removal
Cooling
1 Window/Wall
Sewer
Public
Heating
Baseboard, Forced Air, Radiator(s)
Water
Public
Heat Source
Electric, Gas
Price Per Sq. Ft
79.83
Taxes Paid
1327
Selling Terms
Cash, Conventional, FHA

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of St. Louis Real Estate Society.

Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified