NOT LISTED FOR SALE

1225 N Chestnut St Lansing, MI 48906

Old Forest Neighborhood

Estimated Value: $104,000 - $125,000

Studio
1 Bath
1,504 Sq Ft
$78/Sq Ft Est. Value

Sale Details

Date Sold: April 22, 2019

Last sale price $55,900 $37 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $872 / mo

5 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • 3-minute walk to Edmore Park
  • Covered Patio or Porch
  • Wood Siding

About This Home

As of April 2019

Great income opportunity for an owner occupant or an investor. Home just went through rental inspections and is licensed with the city. Lower unit is 3 beds 2 baths. Was rented between $850-$950/mo. Lower unit includes basement access. Upper unit is 2 beds/ 2 baths. Was rented for $700-$750/mo. Both units were rented with all bills paid. Brand new water heater installed 1/2019. Central air. If you're looking for cash flow, this is it! Home is priced to sell and is being sold as is. Broker is a member/owner of Pinnacle Real Estate Investments and property.

Last Agent to Sell the Property

Jennifer Worthington

Community Realty, LLC License #6506048661 Listed on: 01/19/2019

Last Buyer's Agent

Michael Williams

RE/MAX Real Estate Professionals License #6506046182

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 72x55
  • Corner Lot

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,504 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • No Garage

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $19,200

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $3,600
  • Insurance Expense $900
  • Maintenance Expense $500
  • Other Expense $900
  • New Taxes Expense $2,800
  • Net Operating Income $10,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Property Type: Resid/Multi-Family
  • Year Built: 1908
  • Above Grade Finished Sq Ft: 1504.0
  • General Property Info:Lot Size Dimensions: 72x55
  • General Property Info:Above Grade Finished Area: 1504.0
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:_pound_ of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partially Finished
  • Heating: Forced Air, Natural Gas
  • Levels: Two
  • Full Basement: Yes
  • Levels:Two2: Yes
  • Basement:Partially Finished: Yes

Exterior Features

  • Roof: Shingle
  • Lot Features: Corner Lot
  • Patio And Porch Features: Covered
  • Construction Type: Wood Siding
  • Patio Porch Features:Covered: Yes
  • Roof:Shingle: Yes
  • Exterior:Wood Siding: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • Parking Features: No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 3 Spaces

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • SecurityFeatures: Smoke Detector(s)
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Sewer:Public Sewer: Yes
  • Security Features:Smoke Detector(s): Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size: 72x55
  • Lot Size Sq Ft: 3920.4
  • ResoLotSizeUnits: Acres
  • Land Acreage:Up to 14 Acre: Yes

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 3600.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 10500.0

Tax Info

  • New Taxes Expense: 2800.0
  • Tax Carrier Route: 4701
  • Tax Info:Taxable Value: 29400.0
  • Tax Info:State Eq Value: 29400.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2019
Closed on
Apr 15, 2019
Sold by
Bought by
Seller's Agent
Jennifer Worthington
Community Realty, LLC
Buyer's Agent
Michael Williams
RE/MAX Real Estate Professionals
List Price
$55,900
Sold Price
$55,900
Current Estimated Value
$117,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,039
Avg. Annual Appreciation
10.97%
Original Mortgage
$45,600
Outstanding Balance
$40,091
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$77,848

Purchase Details

Listed on
Apr 29, 2015
Closed on
Jun 3, 2015
Sold by
Bought by
Seller's Agent
Lisa Ramont
Coldwell Banker Professionals-E.L.
Buyer's Agent
Jennifer Worthington
eXp Realty - Cedar Branch
List Price
$31,900
Sold Price
$24,000
Premium/Discount to List
-$7,900
-24.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.28%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$57,000 None Available
$24,000 Tri County Title Agency Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $45,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/22/2019 04/22/19 Sold $55,900 0.0% $37 / Sq Ft
01/23/2019 01/23/19 Pending -- -- --
01/18/2019 01/18/19 For Sale $55,900 +132.9% $37 / Sq Ft
06/03/2015 06/03/15 Sold $24,000 -24.8% $16 / Sq Ft View Prior Sale
05/26/2015 05/26/15 Pending -- -- --
04/29/2015 04/29/15 For Sale $31,900 -- $21 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,828 $58,400 $4,200 $54,200
2024 $27 $53,100 $4,200 $48,900
2023 $3,226 $43,100 $4,200 $38,900
2022 $2,953 $38,900 $4,700 $34,200
2021 $2,885 $36,100 $7,300 $28,800
2020 $2,864 $34,000 $7,300 $26,700
2019 $2,469 $32,700 $7,300 $25,400
2018 $2,346 $28,500 $7,300 $21,200
2017 $2,256 $28,500 $7,300 $21,200
2016 $1,979 $28,000 $7,300 $20,700
2015 $1,979 $27,200 $14,549 $12,651
2014 $1,979 $25,700 $15,750 $9,950
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jennifer Worthington

    Community Realty, LLC

  • Michael Williams

    Buyer's Agent in 2019

    Michael Williams

    RE/MAX Michigan

    (517) 331-3203

    72 Total Sales

    Michael Williams
    Section Image

  • L

    Seller's Agent in 2015

    Lisa Ramont

    Coldwell Banker Professionals-E.L.

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 233375

Greater Lansing Association of Realtors®

APN: 01-01-09-302-161

Michigan Ingham County Lansing 48906 Old Forest

1225 N Chestnut St, Lansing, MI

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.

Greater Lansing Association of Realtors® IDX information is provided exclusively for Consumers'
personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2026 Greater Lansing Association of REALTORS®

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.