1012 Chestnut Ave Kansas City, MO 64127
Independence Plaza NeighborhoodEstimated payment $2,154/month
Highlights
- Popular Property
- Security Guard
- Paved or Partially Paved Lot
- No HOA
- Central Air
- 4-minute walk to Prospect Plaza Park
About This Home
Fully Renovated Quadplex – Turnkey Investment in Downtown Kansas City
Outstanding investment opportunity located just minutes from premier entertainment, dining, and business districts in downtown Kansas City. This fully renovated four-unit property is completely turnkey, offering immediate cash flow and minimal maintenance requirements. Each apartment features a desirable 2-bedroom, 1-bathroom layout—perfect for long-term tenants seeking updated living spaces in a convenient, central location.
Recent renovations include modern finishes throughout, updated electrical and plumbing systems, and new heat pump HVAC units for all four apartments (installed in 2025). Each unit also features a built-in microwave oven over the range and in-unit laundry hookups ready for a stackable washer and dryer. Additional updates include new structural wood beams reinforcing the foundation, four water heaters ranging from one to six years old, and a roof replacement completed in 2015. The property boasts an attractive brick exterior on three sides and a welcoming covered portico entry.
This turnkey property offers strong rental potential with projected gross income of up to $4,000 per month, or $48,000 annually. The high-demand 2BR/1BA layouts promote excellent tenant retention, while the downtown location ensures consistent demand and long-term appreciation potential within one of Kansas City’s most promising growth corridors.
Listing Agent
Corbin Realty Brokerage Phone: 816-714-6920 License #2006038120 Listed on: 11/06/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,874
Year Built
- Built in 1915
Lot Details
- 2,641 Sq Ft Lot
- Paved or Partially Paved Lot
Parking
- On-Street Parking
Home Design
- Quadruplex
- Brick Exterior Construction
- Stone Siding
Interior Spaces
- 4 Bathrooms
- 3,150 Sq Ft Home
- 2-Story Property
- Fire and Smoke Detector
- Free-Standing Electric Oven
Utilities
- Central Air
- Heat Pump System
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number 28-320-22-29-00-0-00-000
- $0 special tax assessment
Community Details
Overview
- No Home Owners Association
- 4 Units
- Given Add Subdivision
Additional Features
- Gross Income $48,000
- Security Guard
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,874 | $18,844 | $1,594 | $17,250 |
| 2024 | $1,856 | $23,739 | $435 | $23,304 |
| 2023 | $1,856 | $23,739 | $709 | $23,030 |
| 2022 | $1,172 | $14,250 | $732 | $13,518 |
| 2021 | $1,168 | $14,250 | $732 | $13,518 |
| 2020 | $1,037 | $12,493 | $732 | $11,761 |
| 2019 | $1,016 | $12,493 | $732 | $11,761 |
| 2018 | $1,027 | $12,901 | $1,258 | $11,643 |
| 2017 | $1,007 | $12,901 | $1,258 | $11,643 |
| 2016 | $1,007 | $12,577 | $260 | $12,317 |
| 2014 | $1,010 | $12,577 | $260 | $12,317 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/06/2025 11/06/25 | For Sale | $379,000 | +1795.0% | $120 / Sq Ft | |
| 09/10/2015 09/10/15 | Sold | -- | -- | -- | View Prior Sale |
| 09/03/2015 09/03/15 | Pending | -- | -- | -- | |
| 06/17/2015 06/17/15 | For Sale | $20,000 | +60.0% | $6 / Sq Ft | |
| 04/07/2014 04/07/14 | Sold | -- | -- | -- | View Prior Sale |
| 02/26/2014 02/26/14 | Pending | -- | -- | -- | |
| 11/25/2013 11/25/13 | For Sale | $12,500 | -- | $4 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Clear Title Nationwide | |
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | -- | First United Title Agency Ll | |
| Warranty Deed | -- | First American Title | |
| Warranty Deed | -- | None Available | |
| Corporate Deed | -- | None Available | |
| Trustee Deed | $91,473 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $287,257 | Construction | |
| Previous Owner | $112,500 | New Conventional |
Source: Heartland MLS
MLS Number: 2583184
APN: 28-320-22-29-00-0-00-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID as of [see last changed date above]. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888)952-6393
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
- 2612 E 10th St
- 2825 E 10th St
- 2832 Peery Ave
- 1228 Olive St
- 3110 E 13th St
- 3029 E 7th St
- 1215 Park Ave
- 3318 E 10th St
- 1119 Garfield Ave
- 3411 E 9th St
- 1234 Indiana Ave
- 3236 E 7th St
- 3222 E 6th St
- 1317 Indiana Ave
- 446 Montgall Ave
- 1120 Askew Ave
- 3113 Thompson Ave
- 448 Benton Blvd
- 3242 Roberts St
- 819 Monroe Ave
- 2632 E 9th St
- 2832 Peery Ave Unit 2
- 522-528 Gladstone Blvd
- 2600-2614 Amie Ct
- 3722 E 10th St Unit B
- 612 Garfield Ave
- 423-427 Maple Blvd
- 3226 Smart Ave Unit b
- 337 Garfield Ave Unit B
- 1000 Paseo Blvd
- 221 Garfield Ave
- 3311 E 19th St
- 124-126 Brooklyn Ave
- 214 Jackson Ave
- 1901 Vine St
- 2101 Vine St
- 2409 Chestnut Ave
- 1036 Missouri Ave
- 517 Gillis St
- 517 Gillis St