Three-Unit Multifamily
For Sale
Contact for pricing
285 S Chestnut St, Monrovia, IN 46157
Three spacious units are housed in a 2,320 SF low-rise multifamily building.
Property Size2,320 SF
Days on Market52
Property Features for 285 S Chestnut St
General Information
Standard status
Active
Size
2,320 SF
Property subtype
Multifamily
Investment Type
Value Add
Net Operating Income
$27,412
Building Details
Year Built
1970
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Coombes Real Estate
Listed By:
Robert Coombes · License #RB17000978
Source:
Crexi
Added: Jul 23
Changed: Sep 9
Last Checked: Sep 12 at 5:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coombes Real Estate
Investment Insights
Based on property information with market context.
This for-sale multifamily property features a single 2,320 SF building with three spacious units. The offering is described as a low-rise, garden-style asset with classic architecture and a well-maintained appearance.
The property is located in the Monrovia, Indiana area, with the remarks noting nearby dining options and parks and recreation within minutes, along with a downtown area and well-regarded schools.
For investors or owner-operators seeking a small, three-unit rental building, this configuration provides multiple independent units within one property.
The property is located in the Monrovia, Indiana area, with the remarks noting nearby dining options and parks and recreation within minutes, along with a downtown area and well-regarded schools.
For investors or owner-operators seeking a small, three-unit rental building, this configuration provides multiple independent units within one property.
Key Highlights
- 2,320 SF low‑rise multifamily building
- Three spacious units in a garden‑style, low‑rise setup
- Year built: 1970
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
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Business Placement
Demographics for 46157, IN
4,074
Population
1,665
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
94%
High-School Grad
30.6 sq mi
ZIP Area
133
Density / Sq Mi
$74,286
Median Household Income
$47,292
Median Earnings
$819
Median Rent
$202,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three spacious units are housed in a 2,320 SF low-rise multifamily building.
Where is this triplex located?
The property is located at 285 S Chestnut St Monrovia, IN.
What are key features of this property?
This property features: 2,320 SF low‑rise multifamily building; Three spacious units in a garden‑style, low‑rise setup; Year built: 1970
