4249 Chouteau Avenue

Description

Live in one, let the tenant pay the other! This charming brick duplex in The Grove is an owner-occupant's dream. Each of the two units offers a comfortable 1-bedroom, 1-bathroom layout, and both were fully rehabbed in 2015. Better yet, the first floor tenant just renewed through June 2027 at $1,254 a month, so income starts covering your mortgage from day one, while the second floor unit is vacant and ready for you to move right in at closing. With rent up to $1400 in the area, there is room for growth. The current owner has kept the property in great shape with a steady stream of upgrades: a 2022 sewer lateral replacement, 2025 DryLock waterproofing in the basement plus refinished floors, updated lighting, and fresh paint in Unit 1F, a brand-new gas water heater for Unit 2F in June 2026, and a new dryer for Unit 1F just last month. Add in gorgeous quartz counters in both units, private off street parking, and a shared fenced backyard, and you've got a truly turnkey opportunity. The location can't be beat - near Wash U, BJC, Cortex, and the buzzing restaurant scene on Manchester Ave, with easy highway access to downtown. And with the property's tax abatement still active, your carrying costs stay low while you enjoy it all. Don't miss this one!