821 N Chestnut Street Lansing, MI 48906

Property Photo: 821 N Chestnut Street MI 48906

Listing Courtesy of: LANSING MI / Listed By: Senada Pargan, Century 21 Affiliated

821 N Chestnut Street Lansing, MI 48906

Pending (77 Days)

$225,000 ^(USD)

BATH

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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 May 26 2026 at 8:17 PM 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

Listing Price History

Date

Event

Price

% Change

$ (+/-)

Mar 31, 2026

Price Changed

$225,000

-2%

-$5,000

Mar 10, 2026

Listed

$230,000

Location

Map View | Street View

Listing to Address

Address to Listing

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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

Interest rate

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 5/26/26 13:17

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS.

Contact Information: CENTURY 21 Affiliated • Nikki Coppa • CA Department of Real Estate - CA DRE #01897784 • 2020 CAMINO DEL RIO NORTH #800, SAN DIEGO, CA 92108 • (619) 471-2000