About This Home

This 4-bedroom, 2-bathroom single family at 1021 CHELSEA Ave in Memphis, TN is listed for $37,500 ($16 per sqft). Built in 1900, the home offers 2,304 sqft of living space on a 0.19 acres lot.

Key Features

  • Built in 1900
  • 0.19 acre lot
  • 2 stories

Property Details

2 stories
1 full, 1 half
1900

Amenities

A/C
Listing Description

Huge price drop! Time to let her go! 8 Bedroom Rooming house + extra attic area. Was 4br per listing, but now 8 br. Typical $500/mo per room = $52,000 per year max potential. Running for several years, but needs an overall refresh and TLC from a motivated owner! Ideal for investor seeking higher than normal returns. As a flip and resell, would need much work inside and out.

Monthly Cost Estimate

$201/mo

20% down · 6.5% · 30 years

Principal$27
Interest$163
Insurance$11

Estimates only. Actual payments may vary.

Location

1021 CHELSEA Ave

Memphis, TN 38107

MURPHY-RE BLK 5

Property Details

Heating

Central

Cooling

Window Unit(s)

Questions & Answers

This 4-bedroom, 2-bathroom single family at 1021 CHELSEA Ave is listed at $37,500 ($16/sqft). The estimated monthly payment is $201 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.19 acre lot, 2 stories.

This property is listed by Jonathan Minerick.

JM

Jonathan Minerick

Agent at homecoin.com

Listed by homecoin.com · Broker phone: (888) 400-2513 · View on Broker Site · Broker website

MLS# 10229135· Source: Memphis Area Association of Realtors®· 65 days on PropertySimple

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1021 CHELSEA Ave, Memphis, TN 38107

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