7-Unit Apartment
For Sale
Contact for pricing
517 N Chestnut St, Lansing, MI 48933
Two multifamily properties received capital improvements in 2021.
Property SizeContact for details
Days on Market142
Property Features for 517 N Chestnut St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
7
Listing Agency:
NAI Farbman Southfield
(313) 953-0430
Listed By:
Rick Ax · License #6506040861
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 4:06PM
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 NAI Farbman Southfield
Investment Insights
Based on property information with market context.
This offering combines two multifamily properties totaling seven units in Downtown Lansing. The portfolio includes a five-unit apartment complex and a duplex, with the sites located a few blocks apart within the Improvement District. Both properties underwent capital improvements in 2021.
The properties are positioned directly across from the Michigan Hall of Justice and near the State Capitol building. Bars, restaurants, and locally owned shops are located steps away, placing both sites within an established downtown setting. The properties may also be acquired separately.
The properties are positioned directly across from the Michigan Hall of Justice and near the State Capitol building. Bars, restaurants, and locally owned shops are located steps away, placing both sites within an established downtown setting. The properties may also be acquired separately.
Key Highlights
- Seven total units across two multifamily properties
- Portfolio includes a 5‑unit apartment complex and a duplex
- Capital improvements completed in 2021
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
2,204
Businesses Nearby
Explore this area
Business Placement
Demographics for 48933, MI
2,467
Population
2,103
Households
1.2
Avg Household Size
33
Median Age
35%
College-Educated
88%
High-School Grad
1.0 sq mi
ZIP Area
2,467
Density / Sq Mi
$36,895
Median Household Income
$34,549
Median Earnings
$919
Median Rent
$130,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two multifamily properties received capital improvements in 2021.
Where is this apartment building located?
The property is located at 517 N Chestnut St Lansing, MI.
What are key features of this property?
This property features: Seven total units across two multifamily properties; Portfolio includes a 5‑unit apartment complex and a duplex; Capital improvements completed in 2021
