This home's estimate is 19.7% lower than the average sale price ($361K) of 6 comparable homes.
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81-83 Chestnut St, Springfield, MA 01151
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About this home
Exceptional Opportunity for Investors or Owner-Occupants! This two-family property offers tremendous potential for those looking to build equity and bring new life to a home with plenty of possibilities. Situated on a corner lot, this property features a vacant first-floor unit with hardwood floors, two bedrooms, a generously sized living room, dining room or office and an enclosed front porch offering additional space to relax or entertain. The second-floor unit is currently occupied by a tenant who is seeking alternative housing, presenting an opportunity for future renovation and personalization. Recent improvements include an updated roof, windows and fence, providing a great starting point for your vision. The property also features a unique L-shaped garage that offers additional potential but may benefit from updating. While the home requires some improvements the possibilities are endless for the buyer willing to put in the work! This property presents an opportunity to invest, renovate, and unlock its potential. Whether you're looking to expand your investment portfolio or owner-occupy while creating additional value, this two-family is ready for its next chapter. Bring your ideas and imagination and make this property shine!
Redfin Estimate
Market trends in 01151, MA
Last updated October 2026
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Sale and tax history for 81-83 Chestnut St
- Sale History
- Tax History
$114/sq ft
$124/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
- Public record
- Zoning
RES B
Urban Residential District
Medium density residential, primarily single-family and twofamilyInclude but are not limited to:
- Agriculture
- Garden center
- Housing-Single unit
- Housing-Multiple units
- Housing-Other
Property details
Parking
- Parking Information
- Has Garage
- Has Open Parking
- # of Garage Spaces: 2
- # of Covered Spaces: 2
- Open Parking Spaces: 3
- Parking Spaces: 5
- Parking Features: Paved Drive, Off Street, Paved
Interior
- Bathroom Information
- # of Bathrooms (Full): 2
- Basement Information
- Basement: Full, Concrete, Unfinished
- Laundry Information
- Laundry Features: Electric Dryer Hookup, Washer Hookup
- Appliances
- Appliances: Range, Dishwasher, Disposal, Trash Compactor, Microwave, Refrigerator
- Interior Features
- # of Rooms (Total): 10
- Flooring: Hardwood, Tile, Carpet
- Interior Features: Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
- Unit #1 Information
- # of Levels: 1
- # of Floors: 1
- Lease: N
- Unit #2 Information
- # of Levels: 1
- # of Floors: 2
- Lease: N
Exterior
- Building Information
- Building Area (Total): 2,184
- Foundation Details: Block
- Construction Materials: Frame
- Stories (Total): 2
- Year Built Source: Public Records
- Year Built Details: Approximate
- Color: Green
- Exterior Features
- Roof: Shingle
- Patio And Porch Features: Enclosed
- Exterior Features: Rain Gutters
- Property Information
- PropertySubType: Multi Family
- Above Grade Finished Area: 2184
- Levels: 2
- Lot Information
- Lot Size (Acres): 0.11
- Lot Features: Corner Lot, Level
- Road Surface Type: Paved
- Road Frontage Type: Public
- Road Responsibility: Public Maintained Road
Financial
- Tax Information
- Tax Annual Amount: $5,397
- Tax Year: 2026
Utilities
- Utility Information
- Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
- Sewer: Public Sewer
- Water Source: Public
- Electric: Circuit Breakers, 100 Amp Service, Individually Metered
- Heating & Cooling
- Has Heating
- Has Cooling
- Heating: Baseboard, Oil
- Cooling: Window Unit(s)
Location
- Location Information
- Directions: Corner of Hampden St and Chestnut St. Use GPS.
- UnparsedAddress: 81-83 Chestnut Street, Springfield MA 01151
- Community Information
- Senior CommunityYN: No
- Community Features: Public Transportation, Shopping, Park, Public School, Sidewalks
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Multi-Family (2-4 Unit)
- Year Built: —
- Year Renovated: —
- County: Hampden County
- APN: S:02755 P:0021,2578533
Other
- Listing Information
- StandardStatus: Closed
Around this home
Schools
Public PreK-5 • Assigned • 0.8mi
Public 6-8 • Assigned • 0.2mi
Public 9-12 • Assigned • 0.1mi
Sun exposure
Very good sunlight
SunscoreThis home receives average direct sun exposure in Springfield. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
Sell confidently with a local market expert in Springfield.
Nearby similar homes
New listings for sale in 01151
Home values near 81-83 Chestnut St
| Address | Redfin Estimate |
|---|---|
1 Beds | 1 Baths | 470 Sq. Ft. | $119,553 |
1 Beds | 1 Baths | 500 Sq. Ft. | $125,505 |
1 Beds | 1 Baths | 475 Sq. Ft. | $108,292 |
1 Beds | 1 Baths | 440 Sq. Ft. | $114,390 |
1 Beds | 1 Baths | 544 Sq. Ft. | $132,112 |
1 Beds | 1 Baths | 480 Sq. Ft. | $120,126 |
1 Beds | 1 Baths | 450 Sq. Ft. | $119,599 |
| Address | Redfin Estimate |
|---|---|
1 Beds | 1 Baths | 600 Sq. Ft. | $136,377 |
1 Beds | 1 Baths | 470 Sq. Ft. | $122,038 |
1 Beds | 1 Baths | 585 Sq. Ft. | $115,087 |
1 Beds | 1 Baths | 600 Sq. Ft. | $134,463 |
2 Beds | 2 Baths | 724 Sq. Ft. | $146,370 |
1 Beds | 1 Baths | 440 Sq. Ft. | $95,248 |
3 Beds | 2 Baths | 1171 Sq. Ft. | $276,776 |
| Address | Redfin Estimate |
|---|---|
1 Beds | 1 Baths | 571 Sq. Ft. | $132,239 |
1 Beds | 1 Baths | 705 Sq. Ft. | $146,347 |
1 Beds | 1 Baths | 635 Sq. Ft. | $142,587 |
2 Beds | 1 Baths | 765 Sq. Ft. | $161,989 |
1 Beds | 1 Baths | 295 Sq. Ft. | $98,339 |
2 Beds | 2 Baths | 945 Sq. Ft. | $187,558 |
4 Beds | 2 Baths | 2108 Sq. Ft. | $314,569 |
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