59 Essex St, Chelsea, MA 02150

8 beds, 3 baths, 3,114 sqft
For Sale
$499,000
Zestimate®: $347,844
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Attention investors! This is the BRICK Chelsea 3 family building you have been waiting for. This property is just minutes from downtown Boston, major transportation routes and is a short walk to City Hall! Unit #1 features 2 spacious bedrooms, large living room and kitchen, and is rented for only $1,000 per month! Unit #2 features 3 spacious bedrooms, large living room and kitchen is rented for only $1500 per month! Unit #3 features 3 spacious bedrooms, large living room and kitchen, and is rented for only $1200 per month. Suggested rent for unit #1 is 1450. Suggested rent for units #2 and #3 is $1650 per month. Rents have not been raised in years! The current gross monthly rental income is only $3700 per month. This property has the potential to gross over $50,000 per year. The roof is rubber and is 10 years old! The back decks are 4 years young! Utilities are separate and tenants pay! Massport windows! Do not miss!  MoreLess
Facts
  • Lot: 2,178 sqft
  • Multi Family
  • Built in 1920
  • 8 days on Zillow
  • Last sold: Sep 2011 for $329,900
  • Price/sqft: $106
  • MLS #: 71740710
Additional Features
  • AMENITIES \ Highway Access, AMENITIES \ House of Worship, AMENITIES \ Medical Facility, AMENITIES \ Public School, AMENITIES \ Public Transportation, AMENITIES \ Shopping, AMENITIES \ T-Station, APP_COMMON \ Dryer, APP_COMMON \ Washer, BASEMENT_FEATURE \ Full, CONSTRUCTION \ Frame, EXTERIOR \ Brick, EXTERIOR_FEATURES \ Deck, FLOORING \ Hardwood, FLOORING \ Tile, FOUNDATION \ Brick, HOT_WATER \ Natural Gas, HOW_SHOWN_BB \ Accompanied Showings, HOW_SHOWN_BB \ Appointment Required, HOW_SHOWN_BB \ Call List Agent, HOW_SHOWN_BB \ Call List Office, HOW_SHOWN_FB \ Accompanied Showings, HOW_SHOWN_FB \ Appointment Required, HOW_SHOWN_FB \ Call List Agent, HOW_SHOWN_FB \ Call List Office, LOT_DESCRIPTION \ Paved Drive, MF_TYPE \ 3 Family, PROP_TYPE \ Multi-family, RMS_COMMON \ Laundry, RMS_DSCRP_1 \ Dining Room, RMS_DSCRP_1 \ Kitchen, RMS_DSCRP_1 \ Living Room, RMS_DSCRP_2 \ Dining Room, RMS_DSCRP_2 \ Kitchen, RMS_DSCRP_2 \ Living Room, RMS_DSCRP_3 \ Dining Room, RMS_DSCRP_3 \ Kitchen, RMS_DSCRP_3 \ Living Room, ROAD_TYPE \ Public, ROOF_MATERIAL \ Rubber
Construction
  • Exterior material: Brick
  • Room count: 14
  • # Stories: 3.0
  • Unit count: 3
Other
  • Floor size: 3,114 sqft
  • Parcel #: M:020 P:002
  • Zillow Home ID: 56669772
Home Values
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$347,844
-$33,090 Last 30 daysd
$313K
$379K
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$2,258/mo
-$111 Last 30 daysd
$1.8K
$3K
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Neighborhood for 59 Essex Street

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Zillow predicts 02150 home values will rise 1% next year, compared to a 1.1% rise for Chelsea as a whole. Among 02150 homes, this home is 108.5% more expensive than the midpoint (median) home, but is priced 23.1% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the 02150 market, the number of foreclosures waiting to be sold shrank 25.8% in the last year. The number of unsold foreclosures is 4.2% less than in Chelsea, and 31.3% greater than the national average. This lower local number could help 02150 home values rise more quickly than other regions in Chelsea.

Learn more about forecast calculations or 02150 home values.
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