South St Louis 4-plex

[Jim Workman]

South City investors,

I'm looking at a couple of quads on Chippewa just west of Kingshighway.  Any thoughts on the neighborhood?   

Crimereports.com showed several RSOs in the area, but no recent crimes along that corridor.

Anyone have properties along there?

[Bob Hines]

That's a good, high rental demand area.  I don't own any around there but the first apartment I lived in moving to STL was at the corner of Chippewa & Kingshighway.  It's a good area.  Large number of rentals in the area.  I think the apartment we rented for $420 in 2000 now might rent for $450 now.  That was in a quad.  So don't plan on much in rent increases as there is lots of competition and selection for tenants there.

St. Louis was built heading west and areas in South City are judged by east/west of main streets.  West of Kingshighway is judged as 'the best' area for rentals and there are many people that won't even think of looking east of there.  Chippewa is a very busy street so those units will have that going against them but they are on/near major bus lines so they will have that going for them.