821 N Chestnut Street Lansing, MI 48906
Listing Courtesy of: LANSING MI / Century 21 Affiliated / Senada Pargan

  821 N Chestnut Street Lansing, MI 48906

Active (4 Days)
$230,000 (USD)

Description

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.

MLS #:
294367
Lot Size
0.25 acres
Type
Multifamily
Year Built
1875
County
Ingham County

Listed By

Senada Pargan, Century 21 Affiliated
Source
LANSING MI
Last checked Mar 14 2026 at 10:43 AM CDT
Bathroom Details
Interior Features
  • Electric Water Heater
Lot Information
  • Back Yard
  • Private
Heating and Cooling
  • Hot Water
  • Natural Gas
  • None
Utility Information
  • Sewer: Public Sewer
Parking
  • Private
  • Asphalt
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by C21 Affiliated and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Greater Lansing Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 3/14/26 03:43