$525K buys this expansive Milan four-plex

Built in 1937, this traditional multifamily property is located on Marengo Street. Just hitting the market in April, this home is three blocks from Napoleon Avenue and roughly five blocks from St. Charles Avenue. It’s also walking distance from Samuel Square Park and the Atkinson-Stern Tennis Courts.

The asking price is $525,000. Priced at $188 per square foot, the Milan multifamily home is $77 cheaper than the neighborhood average of $265 per square foot.

This property sits on a large 5,400 square foot lot. At its front, the home has a sizable, landscaped front yard, and off-street parking off to the side that can accommodate several cars.

The 2,786-square-foot property has four units, totaling five bedrooms and four bathrooms. The largest unit, which rents for $1,100/month, has one bedroom, one bathroom and 1,068 square feet. Renting for $1,350/month, the second unit has two bedrooms, one bathroom, and 930 square feet. The third unit is a studio with one bathroom and 299 square feet, which rents for $700/month. The final unit has one bedroom, one bathroom, 488 square feet and rents for $1,400/month.

Each unit has an updated kitchen and bathroom. The two largest units both have traditional living and dining room spaces, and the third largest unit has a family space.

At the rear of the home are three storage sheds and an expansive, shared backyard.

Interested? There’s an open house Sunday, June 4, between 12 p.m. and 2 p.m.

• 2121 Marengo Street [Latter & Blum]