Sold
821 N CHESTNUT Street, Lansing, MI 48906
Sold on 07/01/2026 for$215,000
MLS # 294367 (Greater Lansing Association of REALTORS®)
Built 18750.25 acres
1 / 14
Listing 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.
Source: SparkMLS
About this home
This 1-bath home built in 1875 sits in Lansing in Lansing.
Closed at $215,000.
Electric service is provided by Lansing Board of Water & Light; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Bathrooms1
Lot Size0.25 acres
Year Built1875
Location
CityLansing
MunicipalityLansing City
Zip Code48906
CountyIngham
Construction & Systems
ConstructionVinyl Siding
HeatingHot Water
Sale & Financing
Listed3/9/2026
Sold Date6/30/2026
Original Price$230,000
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Senada Pargan
Century 21 Affiliated
Frequently Asked Questions about 821 N CHESTNUT Street, Lansing, MI 48906
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 821 N CHESTNUT Street, Lansing, MI 48906 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 821 N CHESTNUT Street, Lansing, MI 48906 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 821 N CHESTNUT Street, Lansing, MI 48906?
Per Michigan Public Service Commission service territory data: Electric: Lansing Board of Water & Light. Gas: Consumers Energy Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Lansing City police department or the Ingham County sheriff's office.
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Monthly payment$1,459
Principal & interest$1,459
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Lansing Board of Water & Light
Municipal
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
821 N CHESTNUT Street, Lansing, MI 48906
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Municipality
Lansing
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