Incredible investment opportunity for owner occupant or investor located in the heart of Beverly! Meticulously maintained first and second floor units have similar floor plan equipped with updated kitchens, baths, and hardwood floors throughout. All three units have separate utilities and are 2 beds/1 bath with plenty of off-street parking in addition to a detached 2 CAR GARAGE! Third floor unit needs TLC yet offers the potential of up to $2,000/mo in rental income! Short walk to several of Beverly's gorgeous beaches, trendy downtown offering restaurants, shops, yoga, theatre and the commuter rail! Conveniently located to all major routes, yet tucked away on a quiet side street. Tenants are currently TAW. *SHOWINGS BEGIN SUNDAY 2-28 AT THE OPEN HOUSE FROM 12-2*
Multi-familyProperty Type
1890Year Built
3,600 sq ftLot Size
$376Est. Price/Sq.Ft.
2 garage spacesParking
Listed by Molly Miller• Monarch Realty Group, LLC
Bought with Molly Miller• Monarch Realty Group, LLC
MANAGEABLE MULTI ON ONE WAY SIDE STREET WITHIN WALKING DISTANCE TO STORES AND TRAIN. HW FLOORS,LAUNDRY, DECKS AND TWO CAR GARAGE ON NICE CORNER LOT. BRIGHT AND SUNNY UNITS.
Public Records
Aug 30, 1989
Sold
$220,000
$90/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$7,410 (+2.6%)
$260,600 + $397,500
$658,100
2022
$7,224 (−2.7%)
$205,500 + $388,100
$593,600
2021
$7,424 (+5.8%)
$196,500 + $388,100
$584,600
2020
$7,019 (+2.5%)
$185,400 + $361,700
$547,100
2019
$6,848 (+8.9%)
$165,200 + $353,200
$518,400
2018
$6,291 (+15.5%)
$158,400 + $304,200
$462,600
2017
$5,449 (+5.5%)
$117,000 + $264,600
$381,600
2016
$5,166 (+2.0%)
$117,000 + $242,000
$359,000
2015
$5,065 (+7.5%)
$117,000 + $242,000
$359,000
2014
$4,712 (−10.7%)
$90,000 + $242,800
$332,800
2013
$5,279 (+2.8%)
$90,000 + $297,000
$387,000
2012
$5,136 (+4.0%)
$99,000 + $297,000
$396,000
2011
$4,938 (+0.2%)
$99,000 + $298,900
$397,900
2010
$4,926 (+1.3%)
$117,000 + $306,600
$423,600
2009
$4,865
$141,400 + $306,600
$448,000
Tax history for 5 Chestnut St
Year
Property tax
Land + Additions
Assessment*
2023
$7,410 (+2.6%)
$260,600 + $397,500
$658,100
2022
$7,224 (−2.7%)
$205,500 + $388,100
$593,600
2021
$7,424 (+5.8%)
$196,500 + $388,100
$584,600
2020
$7,019 (+2.5%)
$185,400 + $361,700
$547,100
2019
$6,848 (+8.9%)
$165,200 + $353,200
$518,400
2018
$6,291 (+15.5%)
$158,400 + $304,200
$462,600
2017
$5,449 (+5.5%)
$117,000 + $264,600
$381,600
2016
$5,166 (+2.0%)
$117,000 + $242,000
$359,000
2015
$5,065 (+7.5%)
$117,000 + $242,000
$359,000
2014
$4,712 (−10.7%)
$90,000 + $242,800
$332,800
2013
$5,279 (+2.8%)
$90,000 + $297,000
$387,000
2012
$5,136 (+4.0%)
$99,000 + $297,000
$396,000
2011
$4,938 (+0.2%)
$99,000 + $298,900
$397,900
2010
$4,926 (+1.3%)
$117,000 + $306,600
$423,600
2009
$4,865
$141,400 + $306,600
$448,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
6
Baths
3.5
Stories
3
Lot width
—
Lot depth
—
Lot size
3,485 Sq. Ft.
Year renovated
—
Sq. Ft.
2,438
Year built
1890
Style
Multi-Family (2-4 Unit)
County
Essex County
APN
4183920
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 19, 2023.
RMD
Multi-Family Residential District
The RMD Multifamily District is established to provide for multifamily residences at medium density. Related recreational, agricultural, and educational facilities are allowed under special conditions.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Housing-Multiple units
Housing-Senior
Museum / gallery
Property details
Parking
Parking Information
Has Garage
Has Open Parking
# of Garage Spaces: 2
# of Covered Spaces: 2
Parking Spaces: 5
Parking Features: Paved Drive, Off Street
Interior
Bathroom Information
# of Bathrooms (Full): 3
Basement Information
Basement: Full
Interior Features
# of Rooms (Total): 12
Window Features: Skylight(s)
Flooring: Hardwood, Wood
Interior Features: Laundry Room, Storage, Living Room, Kitchen
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 3
Lease: N
Exterior
Building Information
Building Area (Total): 2,438
Foundation Details: Stone
Construction Materials: Frame
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Approximate
Exterior Features
Roof: Shingle
Property Information
PropertySubType: 3 Family
Lot Information
Lot Size (Acres): 0.08
Financial
Tax Information
Tax Annual Amount: $7,424
Tax Year: 2021
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers
Heating & Cooling
Has Heating
Heating: Hot Water, Natural Gas, Electric
Location
Location Information
Directions: Cabot St to Chestnut St OR Rantoul to Chestnut
UnparsedAddress: 5 Chestnut St, Beverly MA 01915
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School, T-Station
Public facts
Beds: 6
Baths: 3.5
Sq. Ft.: 2,438
Stories: 3.0
Lot Size: 3,485 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1890
Year Renovated: —
County: Essex County
APN: 4183920
Home facts updated by county records on Jul 19, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Briscoe Middle School
Public 5-8 • Assigned • 0.8mi
6/10
Beverly High School
Public 9-12 • Assigned • 0.7mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
6/10 Wind Factor
77% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Beverly, MA • 01915
Average low and high temperatures (°F)
33
21
36
21
49
33
56
41
66
51
77
61
82
66
77
60
72
57
63
46
53
37
39
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$870,000 – $1.05M
Reach more buyers when you sell with Redfin. Save up to $9,155 in fees.3 minutes to get started.
Get a free, detailed breakdown of how we calculated your estimate.