Exciting Investment Opportunity! Three charming bungalows, nestled side by side, each boasting one bedroom and one bathroom, conveniently located just minutes away from our local colleges and the vibrant heart of Downtown Springfield. These three residences, situated at 1701, 1705 & 1709 E Chestnut St, are currently occupied by tenants, generating a combined monthly income of $2,020. All three properties feature brand new roofs, removed chimneys, 1701 has a new high-efficiency furnace 1705 and 1709 have brand new mini-split heating and cooling systems!At 1701, a loyal tenant of two years is currently paying $600 per month. At 1705, a new lease beginning in July 2024 includes a rent increase to $600 per month. 1709 stands out, having undergone a full remodel, boasting brand-new luxury vinyl plank flooring, fresh interiors with new doors, trim, lighting, blinds, bathroom vanity, faucet, and a new window A/C unit. The tenant at 1709 currently pays $820 per month. These properties are professionally managed, ensuring seamless operations for investors who desire hassle-free management. Don't miss out on this prime investment! Properties are sold AS-IS, with the seller making no repairs.
Multi-familyProperty Type
1944Year Built
9,583 sq ftLot Size
Listed by Brea Hunter• Murney Associates - Primrose
Weller, located between Glenstone Avenue and National Avenue, is a residential and mixed-use Springfield neighborhood with mid-century ranch streetscapes and pockets of small-scale retail. The neighborhood’s character concentrates around the Glenstone Ave & Sunshine St corridor, where auto-era storefronts, diners, and service shops set a steady, everyday rhythm. Housing trends toward brick ranches and split-levels with deep setbacks and mature trees. Commercial strips frame the edges, while interior blocks stay quieter and more residential. Nearby green space and civic destinations shape routines without changing the low-key feel.
Provided by Walk Score and Local Logic
Market insights
1701-1709 E Chestnut St · $219,900
DAYS ON MARKET
264 days
The average home goes pending in 4 days.
LIST PRICE
$219,900
Median list price in this area is $296,537. (35% higher than this home)
PRICE DROP
0 price drops
18% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Bedroom
Interior features
Ceiling fans
Window air conditioning units
Central air
Central heating
Heating & cooling
Central heating
Central air
Ceiling fans
Window units
Exterior features
Composition roof
Asphalt road access
Lot dimensions approximately 120 x 81
R-TH zoning
Home design
Residential income property
Duplex
Construction
Vinyl siding
Brick exterior
Utilities
Public water
Public sewer
Financial info
Annual tax amount listed
Electricity and solar
View estimated energy costs and solar savings for this home
This district is intended to accommodate a variety of housing types, including single-family detached, single-family semi-detached, duplex, and townhouse dwellings, at low to moderate residential densities (approximately 11 units per acre). This district is also intended to function as a transition between the less intense single-family district and more intense multifamily districts. Certain other structures and uses necessary to serve governmental, educational, religious, recreational, and other needs of neighborhoods are allowed as permitted or conditional uses subject to restrictions intended to preserve and protect the residential character of the district.
Permitted uses
Include but are not limited to:
Community / recreation center
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Educational / school
Fire house
Police station
Communications tower
Park & open space
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
5/10 Heat Factor
7 days above 104° expected this year, 19 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Springfield, MO • 65802
Average low and high temperatures (°F)
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52
29
68
42
71
51
75
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67
89
71
88
65
83
60
75
51
60
40
51
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.3 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1701-1709 E Chestnut St
$216,188
$3,712 under list price of $220K
Nearby comparable homes
The Redfin Estimate uses 3 recent nearby sales, priced between $129K to $315K.