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1617 N Chestnut St

Colorado Springs, CO 80907

8 beds
5 baths
3,802 sqft
~1/2 acre lot
$253 per sqft
1919 build
– on site

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Discover a prime investment opportunity on the coveted West Side of Colorado Springs with this well-maintained income property. Comprising four meticulously renovated rental units across two lots, this property offers both modern amenities and substantial income potential. Renovations completed in 2014/2015 include stylish new cabinets, elegant granite countertops, contemporary flooring, and efficient hot water heating systems. The two stand-alone homes boasts durable Stucco while the front units have Hardy plank siding, enhancing both aesthetics and longevity. Tenants will appreciate the privacy of fenced-in yards and the convenience of ample off-street parking. Additionally, a generous 45' RV carport provides extra value and versatility. This property is an excellent choice for investors seeking a turn-key asset in a desirable location.

Listing courtesy of IRES

Last checked: Checking… • Last updated Apr 7, 2025 •

MLS# 9011885 —

The Building

Year Built:

1919
New Construction:

false
Construction Materials:

Stucco
Total SqFt:

3,802 Sqft
# of Units Total:

4
Building Area Total:

3802
Roof:

Composition
Levels:

Two
Basement:

Full
Stories:

2
Accessibility Features:

Level Lot
Above Grade Finished Area:

3802

Interior

Fireplace:

false
Fireplace Features:

None

Room Dimensions

Living Area:

3802
Living Area Units:

Square Feet
Living Area Source:

Appraiser

Financial & Terms

Listing Terms:

Cash
Tenant Pays:

Gas

Location

Directions:

From I25, head west on Centeninial blvd exit, left on N. Chestnut
Coordinates:

-104.835495, 38.857395
Latitude:

38.857395
Longitude:

-104.835495

The Property

Property Type:

Residential Income
Property Subtype:

Income Property
Lot Features:

Corner Lot
Lot Size Acres:

0.4
Lot Size SqFt:

17,424 Sqft
Lot Size Area:

17424
Lot Size Units:

Square Feet
Zoning:

R2, UV
Exclusions:

n/a
Horse:

false
Fencing:

Fenced
Waterfront:

false
Has Water Rights:

No

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

$2,640

Beds

Bedrooms Total:

8

Baths

Total Baths:

5

The Listing

Special Listing Conditions:

Private Owner

Heating & Cooling

Heating:

Hot Water
Heating:

true
Cooling:

Ceiling Fan(s)
Cooling:

true

Utilities

Utilities:

Electricity Available
Electric:

Electric
Sewer:

City Sewer
Water Source:

City Water

Appliances

Appliances:

Dishwasher

Schools

Elementary School:

Bristol
Middle School:

North
High School:

Coronado
High School District:

Colorado Springs 11

The Community

Association:

false
Subdivision Name:

Bauer Sub Fil 1
Spa:

false
Senior Community:

false

Parking

Garage Type:

None
Attached Garage:

false
Other Parking:

Parking Per Unit(Less Than 1)

Extra Units

Bedrooms Unit 1:

2
Total Baths Unit 1:

1
Bedrooms Unit 2:

1
Total Baths Unit 2:

1
Bedrooms Unit 3:

3
Total Baths Unit 3:

2
Bedrooms Unit 4:

2
Total Baths Unit 4:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/28/25 Feb 28, 2025	Sold	IRES	$962,000	-3.7%
1/12/25 Jan 12, 2025	Pending	IRES	$999,050
12/2/24 Dec 2, 2024	Price Changed	IRES	$999,050	-8.8%

Multifamily Sold on 2/28/2025

$962,000

Listing provided by broker:

Shawn Keehn

shawn@davebrownteam.com,719-439-1651

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Listing Courtesy of: IRES

TERMS OF USE: listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS

1617 N Chestnut St

Colorado Springs, CO 80907