Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2018 standards! Target rent = $795 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Single-familyProperty Type
1963Year Built
8,126 sq ftLot Size
$123Est. Price/Sq.Ft.
1 spaceParking
Listed by James Wachob• Reedy & Company, REALTORS
Bought with Bradley Reedy• Reedy Group II, LLC
Source:Memphis Area Association of Realtors(R) MLS #10036816
Redfin Estimate
$128,024
$23K since sold in April 2023$0 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 20.2% higher than the average sale price ($107K) of 6 comparable homes.
Memphis Area Association of Realtors(R) MLS #10036816
Nov 6, 2018
Sold
$79,900
$77/sq ft
Sep 18, 2018
Listed
$79,900
$77/sq ft
+1
Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2018 standards! Target rent = $795 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!
Public Records
Aug 3, 2018
Sold
$45,000
$43/sq ft
Public Records
Mar 22, 1989
Sold
$46,907
$45/sq ft
Public Records
Jul 19, 1988
Sold
$45,000
$43/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,816 (+18.3%)
$4,075 + $30,375
$34,450
2024
$1,534 (+50.2%)
$4,075 + $30,375
$34,450
2023
$1,022
$3,000 + $20,300
$23,300
2022
$1,022 (−1.2%)
$3,000 + $13,775
$16,775
2021
$1,034 (+16.0%)
$3,000 + $13,775
$16,775
2020
$891
$3,000 + $13,775
$16,775
2019
$891
$3,000 + $9,300
$12,300
2018
$891 (+76.3%)
$3,000 + $9,300
$12,300
2017
$506 (−1.8%)
$3,000 + $9,300
$12,300
2016
$515
$3,000 + $9,300
$12,300
2014
$515
$3,000 + $8,800
$11,800
Tax history for 4099 Chippewa Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,816 (+18.3%)
$4,075 + $30,375
$34,450
2024
$1,534 (+50.2%)
$4,075 + $30,375
$34,450
2023
$1,022
$3,000 + $20,300
$23,300
2022
$1,022 (−1.2%)
$3,000 + $13,775
$16,775
2021
$1,034 (+16.0%)
$3,000 + $13,775
$16,775
2020
$891
$3,000 + $13,775
$16,775
2019
$891
$3,000 + $9,300
$12,300
2018
$891 (+76.3%)
$3,000 + $9,300
$12,300
2017
$506 (−1.8%)
$3,000 + $9,300
$12,300
2016
$515
$3,000 + $9,300
$12,300
2014
$515
$3,000 + $8,800
$11,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-6
Residential Single Family-6 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
Property details
Interior
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Central
Room Information
# of Rooms: 6
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Traditional
Exterior Wall: Brick Veneer
Roof Covering Type: Composition Shingle
Roof Shape Type: Gable
Property Information
Subdivision Name: COLONY PARK
Living Sq. Ft: 1,040
Ground Floor Sq. Ft: 1,040
Building Sq. Ft: 1,040
# of Stories: 1
Stories Type: 1
Parking & Garage Information
Parking Type: Carport
Garage/Parking Sq. Ft: 270
Garage / Carport Type: Carport
Lot Information
# of Buildings: 1
Land Sq. Ft: 8,126
Legal Lot Number: 103
Municipality Name: MEMPHIS
Acres: 0.1865
Depth Footage: 124
Front Footage: 51
Zoning Code: R-6
County Use Description: SINGLE FAMILY
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,040
Stories: 1.0
Lot Size: 8,126 square feet
Style: Single Family Residential
Year Built: 1963
Year Renovated: 2007
County: Shelby County
APN: 073046 00006
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Getwell Elementary School
Public PreK-5 • Assigned • 0.4mi
4/10
American Way Middle School
Public 6-8 • Assigned • 0.7mi
6/10
Sheffield High School
Public 9-12 • Assigned • 0.7mi
4/10
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 109° expected this year, 21 days in 30 years
4/10 Wind Factor
19% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38118
Average low and high temperatures (°F)
48
30
58
38
72
50
78
58
79
63
89
72
93
77
90
72
86
68
78
57
66
49
55
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.5 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$120,000 – $146,000
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