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4277 Chippewa St 24 Unit Apartment Building $1,350,000 ($56,250/Unit) Saint Louis, MO 63116
Investment Highlights
- Located in a dense rental corridor with long-term housing demand
- Strong rental demand for 1- and 2-bedroom units
- Minutes from downtown St. Louis employment hubs
Executive Summary
4277 Chippewa St | Saint Louis, MO 63116
Tower Grove South | 24-Unit Multifamily Investment Opportunity
Presenting a 24-unit, 2-story apartment community situated in the heart of Tower Grove South — one of St. Louis's most desirable and rapidly appreciating residential neighborhoods. Built in 1960, this approximately 21,900 SF building offers investors a well-located multifamily asset with strong value-add potential in a proven rental market.
Property Highlights:
- New Electrical and panel updated 4/2026
24 residential units across 2 stories
Unit sizes ranging from approximately 670–970 SF
Approx. 21,918 SF building on a 21,911 SF lot
Located in the highly walkable Tower Grove South neighborhood
Investment Opportunity:
This asset presents an attractive opportunity for an owner-operator or investor looking to acquire a stabilized multifamily building with upside through unit renovation and rent growth in line with surrounding market rents. Tower Grove South continues to attract quality tenants seeking walkable, neighborhood-oriented living at accessible price points.
All information deemed reliable but not guaranteed. Buyer to verify all data independently.
Tower Grove South | 24-Unit Multifamily Investment Opportunity
Presenting a 24-unit, 2-story apartment community situated in the heart of Tower Grove South — one of St. Louis's most desirable and rapidly appreciating residential neighborhoods. Built in 1960, this approximately 21,900 SF building offers investors a well-located multifamily asset with strong value-add potential in a proven rental market.
Property Highlights:
- New Electrical and panel updated 4/2026
24 residential units across 2 stories
Unit sizes ranging from approximately 670–970 SF
Approx. 21,918 SF building on a 21,911 SF lot
Located in the highly walkable Tower Grove South neighborhood
Investment Opportunity:
This asset presents an attractive opportunity for an owner-operator or investor looking to acquire a stabilized multifamily building with upside through unit renovation and rent growth in line with surrounding market rents. Tower Grove South continues to attract quality tenants seeking walkable, neighborhood-oriented living at accessible price points.
All information deemed reliable but not guaranteed. Buyer to verify all data independently.
Property Facts
| Price | $1,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $56,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.51 AC |
| No. Units | 24 | Building Size | 21,918 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Zoning | F | ||
| Price | $1,350,000 |
| Price Per Unit | $56,250 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 21,918 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | F |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 670 |
| 2+1 | 4 | - | 970 |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5155-00-0090-0 | Improvements Assessment | $150,710 |
| Land Assessment | $25,020 | Total Assessment | $175,730 |
Property Taxes
Parcel Number
5155-00-0090-0
Land Assessment
$25,020
Improvements Assessment
$150,710
Total Assessment
$175,730
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4277 Chippewa St