CCertihomes
191 Chestnut Street, Springfield, MA 01103

$1,295,000

0 beds 10 baths 27,000 sqft Built 1900Active

About this home

Coldwell Banker Realty is pleased to offer this excellent investment opportunity. This well maintained 5 story office building located in downtown Springfield is just a few blocks away from Amtrak's Union Station and has easy access to the major highways Route 91 and the Mass Pike. It's also within close proximity to the Mass Mutual Center, City Hall and the MGM Casino. There is ample parking for approximately 60 vehicles. The building is fully sprinklered and all the windows on floors 2-5 have been replaced approximately 7-8 years ago. This property is a must for any investors portfolio.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$11,129/mo

Real estate (PITI + HOA + PMI)
$10,673
Principal + interest$5,873
Property tax + insurance$4,314
PMI / 2nd mortgage$486
Utilities
$1,388
Heating + cooling$532
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$144
Car insurance + maintenance$144
Other (entertainment)
$158
$11,129/mo TLC
Budget$11,629/mo
Remaining after TLC$500/mo
Purchase price
$1,295,000
Down payment
$64,750 (5%)
Loan amount
$1,230,250
APR
4%

Quick facts

Type
COM
Style
Year built
1900
Lot size
0.63 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$24,228
MLS #
73154316
County
Hampden

Neighborhood — 01103

MetricThis ZIPCountyUSA
Population4,6146,444,931299,088,112
Population Change Since19908.00%7.00%20.00%
Population Density14,217786
Male2,1993,127,134147,432,321
Female2,4143,317,797151,655,844
Never Married1,8291,612,88563,775,926
Married7152,586,314123,120,365
Separated395247,85712,639,686
Widowed281363,59415,467,586
Divorced587436,88823,075,029
Number Of House Hold2,4152,431,591111,826,380
Average House Hold Size1.822.562.60
Medial Age31.1537.2535.46
Median House Hold Income$18,014$57,698$48,276
Average House Hold Income$25,648$75,023$63,629
P C I$14,859$29,196$24,529
M D I$17,111$48,105$41,133
A T H E$29,307$57,083$50,898
S T R5.00%5.00%
W C J87.96%81.38%77.74%
(Zip) Code
1103

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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MLSPIN

Listing information last refreshed 9/1/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.