1600/1610 Chippewa Avenue
Cleveland, TN 37311
5
Bed
4
Bath
2,934Sqft
0.38Acre(Lot)
Multi-building 4 unit portfolio -- Downtown Cleveland, TN. Corner lot • Recent renovations throughout. • $2,130/month total in place for 3 units (4th unit being rehabbed, to be rented for $1,100/month). This is the kind of deal investors look for: already leased, recently renovated multi-building property in the heart of Downtown Cleveland generating monthly rental income from day one. No lease-up risk, just stabilized cash flow in a market that continues to grow. The property sits on a corner lot with full city utilities -- water, sewer, and electric. Downtown Cleveland's trajectory, combined with the property's walk-to-everything location near shopping, dining, the Greenway, and public services, gives a future owner real room to grow rents as the market matures. Whether you're building a
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 4 Full Baths: 4 -
Flooring Information
Laminate -
Roofing Information
Shingle -
Interior Features
Eat-in Kitchen, See Remarks Roof: Shingle Appliances: Electric Water Heater Laundry Features: See Remarks -
Heating & Cooling
Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1990 Building Area Total: 2934 Construction Materials: Other Stories: 1 Patio And Porch Features: Front Porch Private Pool: No -
Exterior Features
Exterior Features: None
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Lot Information
Main Square Feet: 0.38 Acres Lot Size Acres: 0.38 Lot Size Square Feet: 16552.8 Lot Description: LevelProperty Information
Subdivision: None Source Property Type: Residential Income Property SubType: Quadruplex Levels: One Property Age: 36
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Listing Price Information
Listing Price: $245000 Cash, Conventional
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Tax Information
Parcel Number: 057i U 00200 000 Annual Tax: $431.06 Tax Legal Desc: Parcels 057I U? 00200 000 and 057I U 00300 000
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Parking Information
Paved
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School Information
Elementary School: Blythe-Bower ElementaryJunior High School: Cleveland MiddleSenior High School: Cleveland High -
Utility Information
Electricity Connected, Sewer Connected, Water Connected -
Location Information
Direction: Take APD 40 and turn onto Spring Place Road SE to 18th St SE. Turn right onto Chippewa Ave SE units are on the right WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 116 & 118 Courtland Cre.., Cleveland, TN, 37311 | $479,900 | 4 | 8 | 2,450 | 2,450 SqFt |
| 860 Berry Street, Cleveland, TN, 37311 | $220,000 | 4 | 2 | 1,120 | 1,120 SqFt |
| 1622/1624 21st Street, Cleveland, TN, 37311 | $409,000 | 4 | 4 | 2,040 | 2,040 SqFt |
| 650 Railroad Street, Cleveland, TN, 37311 | $329,000 | 4 | 5 | 2,288 | 2,288 SqFt |
| 1514 Aurora Avenue, Cleveland, TN, 37311 | $329,000 | 4 | 5 | 2,108 | 2,108 SqFt |
| 463 Central Avenue, Cleveland, TN, 37311 | $294,000 | -- | 1 | 1,200 | 1,200 SqFt |
Similar Multifamily To 1600/1610 Chippewa Avenue
Nearby For Sale
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ByOwner last updated this listing 06/18/2026 @ 21:34
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