$4,155 Closing Credit¹
#285956, Erika R Sheets, Listing Office: Bellabay Realty, LLC
$4,155
closing credit¹
1216 N Chestnut St Lansing, MI 48906
$349,900 List price
$4,155
Closing credit¹
0.3 acres
Multi-Family
Property details
About 1216 N Chestnut St
Presenting a fantastic investment opportunity in the heart of Lansing! This property includes four fully occupied units at 1216 N Chestnut, along with the adjacent 1214 N Chestnut, offered as a portfolio sale. In total, these properties boast 7 units, all with reliable tenants in place, ensuring immediate rental income. Priced at $349,900 (for both properties), this is a prime chance to add a well-maintained multi-unit investment to your portfolio in a growing area. The properties are being sold together, offering great potential for steady cash flow and long-term value. Don't miss out on this turnkey investment—contact us today for more details or to schedule a tour! Call the list agent for a showing. 72 hours needed in advance. Laundry for this unit is located in the basement of 1214 N Chestnut.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
CoolingWindow Unit(s)
BasementYes
Lot size0.25 Acres
Year built1920
ParkingCommon, Driveway, On Street, Parking Lot
MLS #285958
Summary
- MLS Number: 285958
- MLS Name: Greater Lansing Association of REALTORS®
- Office Name: Bellabay Realty, LLC
- Office Phone: (616) 871-9200
- Office Email: mike@bellabayrealty.com
- Listing Agent: Erika R Sheets
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$349,900
1216 N Chestnut St
$4,155
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 10, 2022 | Home Sold | $575,125 |
| May 05, 2021 | Home Sold | $500,000 |
| Aug 17, 2016 | Home Sold | $75,000 |
| Oct 16, 2015 | Home Sold | $95,000 |
| Oct 16, 2015 | Home Sold | $68,550 |
| Jul 28, 2010 | Home Sold | $95,000 |
| Jun 09, 2005 | Home Sold | $125,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $82,100 | $5,594 |
| 2023 | $79,800 | $- |
| 2022 | $66,800 | $3,297 |
| 2021 | $54,600 | $3,297 |
| 2020 | $51,700 | $3,204 |
| 2019 | $45,700 | $3,546 |
| 2018 | $40,800 | $3,561 |
| 2017 | $51,700 | $3,561 |
History based on county public records data.
Nearby schools
5
Willow School
Public District PK-4
0.4 mi
•1012 W Willow St
1
Gier Park School
Public District PK-3
0.9 mi
•401 E Gier St
3
Cumberland School
Public District PK-3
1.7 mi
•2801 Cumberland Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $25,667. Most Lansing, MI residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
61%
<35k
33%
35k-100k
2%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
60%
Single, No Kids
19%
Single, with Kids
9%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
10%
12-17 yrs old
33%
18-34 yrs old
34%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
UFC
Soccer- Pro Boxing
Where do the neighbors shop?
Family Dollar
Forever 21
Burlington
Where do the neighbors go to eat?
Burger King
Dominos Pizza
Popeyes
What do the neighbors drive?
Buick
Mazda
Dodge
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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This home is located at 1216 N Chestnut St in Lansing, MI and zip code 48906 in the Westside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 28, 2025 and is currently priced at $349,900.
In January 2025 more than 29 listings in Lansing, MI were sold above the asking price. During the same period more than 18 listings were sold at asking price, while more than 61 were sold below. The number of listings in Lansing, MI remained the same between December and January 2025. While the average time on the market in January 2025 was 36 days, the median list price was $155,230.
From Rocket Homes Real Estate and based on county public records data.