About 237-241 S Chestnut St
Fully Rented Income-Producing 4-Unit Property – Don’t Miss This Opportunity!
Great opportunity to own a fully occupied, income-producing 4-unit property with a strong rental history and a mix of market-rate and Section 8 tenants. This well-maintained building offers consistent cash flow with annual gross income of $34,920 and a net profit of $23,525.
Unit Breakdown:
Unit 237 – $900/month (Market Rate)
Tenant in place since July 2025.
2 bedrooms, 1 bathroom featuring newer carpet, living room, dining room, kitchen, electric heat, and a small rear patio.
Landlord-owned appliances: stove, refrigerator, washer, and dryer.
Unit 239 – $550/month (Section 8)
Long-term tenant of 18 years, providing exceptional stability.
2 bedrooms (second bedroom currently used as a laundry room), 1 bathroom, living room, dining room, and kitchen.
Landlord-owned appliances: stove and refrigerator.
Unit 241-A – $950/month (Market Rate)
Rented since November 2025.
Beautifully updated with new flooring, an updated kitchen and bath, large open kitchen, living room, two generously sized bedrooms, and a small rear deck.
Landlord-owned appliance: stove.
Unit 241-B – $510/month (Section 8)
Tenant in place for 5 years.
1 bedroom unit with living room and kitchen.
Landlord-owned appliances: refrigerator, stove, and washer.
Financials:
Annual Gross Income: $34,920
Annual Expenses: $11,395.17
Sewer: $1,812
Trash: $1,092
Water: $1,560
Taxes: $3,527.17
Insurance: $3,404
Net Annual Profit: $23,525
This property is fully rented, well maintained, and already producing income from day one—ideal for investors seeking steady cash flow with minimal vacancy risk.
