1. South Dakota
2. Rapid City
3. 510 E CHICAGO

510 E CHICAGO, Rapid City, SD 57701

• 4 beds |
• 3 baths |
• 1,602 sqft

Property Description

Envision owning your own home and having the majority if not all of your mortgage paid by the income of your own home. This unique nonconforming triplex up/down with a guest cottage in back offers the potential to make this happen. The Main Floor Unit is currently leased to a long-term tenant paying $1,000/month. The main unit consists of 786 SF, 2 bedrooms, 1 bathroom. The lower level is currently vacant and would make a great place to call your own while collecting rent from the main floor. The lower level is 576 SF with 2-bed 1-bath (windows NTC) with fresh paint and new carpet in the bedrooms. Previously the lower unit consistently brought in $850/month if you are interested in renting it out. The guest cottage is 240 SF and is currently on a month-to-month basis for the summer at $850/month. The guest cottage is currently used as a seasonal rental (no permanent heat source). The new owner could install Cove heating to produce income year-round. Walking distance to parks and shopping.

Listing Status:

Active

Date Added:

March 17, 2025 at 12:00AM

Listing Office:

PREMIER PROPERTIES, LLC : 605-718-4000

Listing Agent:

RYAN MICHAEL HALL : 605-209-5215

MLS ID:

172788

Interior

• General: Ceiling FanRange/Oven Electric BISmoke Alarm
• Dining: Combination
• Basement: Yes
• Flooring: CarpetTileVinyl
• A/C: Window
• Heating: Gas
• Fireplace: NoneNone

Exterior

Construction

Location

Lot

Utilities

This listing courtesy of RYAN MICHAEL HALL, PREMIER PROPERTIES, LLC