Turnkey Mixed-Use Investment Property in Historic Carondelet

Excellent opportunity to acquire a fully leased mixed-use building in the heart of Carondelet, featuring 4 residential rental units (1x 2BR, 3x 1BR) and a street-level commercial space. This income-generating property offers stable cash flow, with a projected gross monthly income of $4,786 once the currently vacant residential unit is leased — now available for showings.

Renovated approximately 13 years ago, the building has undergone major system upgrades including roof, HVAC, plumbing, electrical, kitchens, and baths, ensuring low-maintenance ownership. The commercial unit is leased, and the residential units have a strong rental history, with upside potential to increase to market rents.

Located near Carondelet Park, Great Rivers Greenway, YMCA Rec-Plex, public transit, restaurants, and neighborhood retail, this multi-unit mixed-use property offers both location and income stability.

Ideal for investors pursuing a 1031 exchange, or those utilizing DSCR loans or commercial financing. Whether you’re seeking steady rental income, long-term appreciation, or a diversified real estate asset, this property checks all the boxes.