$4,155 Closing Credit¹
#285956, Erika R Sheets, Listing office: Bellabay Realty, LLC
$349,900 List price
1216 N Chestnut St Lansing, MI 48906
$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
- Basement: Yes
- Attached Garage: No
- Parking: Common, Driveway, On Street, Parking Lot
- Heating: Forced Air, Natural Gas
- Cooling: Window Unit(s)
- List Price: $349,900
- Annual Tax Amount: $5,594
- Tax Year: 2024
- Directions: From N Martin Luther King Jr Blvd head east down W Willow St. Turn right onto N Chestnut St and located on the left hand side.
- Year Built: 1920
- Lot Size: 0.25 Acres
- 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: 6/20/2025, 10:40:32 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. The majority of Lansing, MI residents have income less than $<35k annually. Typical family type is single, no kids. The majority of 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
Similar homes for sale
Tour
$3,978 Closing Credit¹
#286878, Jessica Hillyer, Listing office: Coldwell Banker Professionals-Delta
$2,374 Closing Credit¹
#65025020471, Connor Anderson, Listing office: MOXIE Real Estate + Development
2 days on Rocket
$2,291 Closing Credit¹
#289013, David M Bueche, Listing office: Musselman Realty Company
$1,959 Closing Credit¹
#286379, Chris Roelofs, Listing office: Coldwell Banker Professionals -Okemos
$1,483 Closing Credit¹
#286644, Sandra Bailey-Bristol, Listing office: Howard Hanna Real Estate Executives
$1,959 Closing Credit¹
#286381, Chris Roelofs, Listing office: Coldwell Banker Professionals -Okemos
$1,483 Closing Credit¹
#287266, Kristen J VanDeventer, Listing office: Century 21 Affiliated
$1,366 Closing Credit¹
#288165, Tracey Hernly & Co., Listing office: Howard Hanna Real Estate Executives
$1,959 Closing Credit¹
#286374, Chris Roelofs, Listing office: Coldwell Banker Professionals -Okemos
Frequently asked questions
About 1216 N Chestnut St
The listing price of 1216 N Chestnut St property is $349,900.
The property 1216 N Chestnut St is a multi located in Lansing, Michigan, 48906.
Active Listing: 1216 N Chestnut St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1216 N Chestnut St are: Willow School (GreatSchools Rating 5/10), Gier Park School (GreatSchools Rating 1/10), Cumberland School (GreatSchools Rating 3/10), Midmichigan Leadership Academy (GreatSchools Rating 2/10), Sheridan Road (GreatSchools Rating 2/10), Windemere Park Charter Academy (GreatSchools Rating 6/10), Jw Sexton High School (GreatSchools Rating 3/10), Eastern High School (GreatSchools Rating 3/10), Waverly High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $5,594 (source: MLS/based on county public records data).
The last sale was on January 10, 2022 for $575,125 (source: MLS/tax record).
The year of construction for 1216 N Chestnut St is 1920.
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 May 2025, from all listings sold in Lansing, MI there were more than 106 sold above asking price, over 50 sold below and more than 27 were sold right at the asked price. Between April and May 2025, Lansing, MI real estate market has seen increase in the number of listings by 13.8%. In May 2025, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $159,074.
From Rocket Homes Real Estate and based on county public records data.