2907-2915 Chippewa, St. Louis, MO 63118
$1,275,000 (Available Now)

20 Unit Apartment Complex For Sale – Recently Updated In South City

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Invest in St. Louis

  • Opportunity to purchase a 20 unit apartment complex in south city, close to Cherokee Street, Tower Grove Park, and Benton Park.
  • Complex features two buildings with a mix of 16 one bedroom apartments, and 4 two bedroom apartments.
  • Units feature central air conditioning, hardwood floors, and there is lots of closet space. 18 of the 20 units are currently rented with the 2 vacant units in the process of being turned over.
  • Solid brick buildings built in 1964 with pitched roofs.
  • Complex features off street parking in the rear, and storage units in the basements for tenants. Located on a convenient bus line.
  • Two bedroom apartments are now renting for $700, and one bedrooms for $625.
  • Rents have been raised considerably with renovations to apartments with the ability to raise rents more in the future. Rents for 1 and 2 bedroom apartments nearby have rented for considerably more with rents varying depending on size, updates and amenities.

 Work done to the building:

  • A majority of the units have recently been turned over and renovated.
  • Change from one common boiler for hot water to individual gas water heaters for all 10 units in buildings 2907, 2909 and 2911.
  • 8 new furnaces and AC units secure in metal cages.
  • 18 units have central air conditioning. 
  • Remodeling of all 6 stairways and landings with new flooring, baseboards, new basement  door and lock, painting, electronic locks to the front door.
  • Mailboxes
  • Gutter repair
  • Exterior door painting, exterior lights.
  • 2015-2919 building P-trap replaced.

Supplemental Documents

Property Location

Property Details:
Square Footage: 10,431 County: St. Louis City Units: 10+ Condition: Turn Key Occupancy: Some Units Vacant Parking: On Street Parking Heating: Gas Heat Cooling: Central Air Construction: Brick Basement: Poured Concrete
Home Amenities:
  • Fridge
  • Stove
  • Hardwood Floors
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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