308 Chestnut St

Silver Lake, KS 66539

$445,000
Price
—
Beds
10
Baths
5,000 Sq. Ft.
$89 / Sq. Ft.
5,000
Sq. Ft.
$89
per Sq. Ft.
Get preapproved with Rocket Mortgage1

Description

This charming 10-unit multifamily in Silver Lake, Kansas consists of ten total cottages across five buildings. All units are one bedroom and one bathroom, originally constructed in the 1930s with enduring character. The smaller units do well in Silver Lake, attracting a broad tenant base that includes single professionals, couples, and downsizing seniors seeking affordable, low-maintenance living. Silver Lake’s proximity to Topeka enhances the property’s appeal by offering residents convenient access...This charming 10-unit multifamily in Silver Lake, Kansas consists of ten total cottages across five buildings. All units are one bedroom and one bathroom, originally constructed in the 1930s with enduring character. The smaller units do well in Silver Lake, attracting a broad tenant base that includes single professionals, couples, and downsizing seniors seeking affordable, low-maintenance living. Silver Lake’s proximity to Topeka enhances the property’s appeal by offering residents convenient access to larger employment centers, healthcare, retail, and amenities—while still enjoying the affordability and community feel of a smaller town. This dynamic supports steady rental demand from tenants who work in Topeka or the surrounding area but prefer more cost-effective housing options. In markets like Silver Lake, well-maintained multifamily assets often face limited competition, positioning investors to benefit from consistent cash flow. Manage this property for operational efficiency and consider adding some furnished rentals.

308 Chestnut St offers both immediate income and long-term upside for investors seeking dependable returns in a stable Midwest market.
  1. Listed by Lee Ripma • Lutz Sales + Investments
    P: (816)-866-8322 C: (816)-866-8322 Lee@LutzRE.com

Property Details for 308 Chestnut Street

Zoning
RES
LISTING UPDATED: 04/03/2026 11:03 AM

Property Details for 308 Chestnut Street

StatusActive
MLS #2603759
Days on Market84
Taxes$3,736 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeOther
MLS TypeResidential Income / Package of Properties
Year Built1930
Lot Size0.43 AC / 18,560 SF
CountyShawnee County
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Location

Listing Courtesy of Lutz Sales + Investments
Add your commute

Building Information for 308 Chestnut Street

Stories1Residences10Year Built1930Lot Size0.43 AC / 18,560 SF

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$2,529 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,217

Property Taxes

$311

HOA Dues

$0

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Property Information for 308 Chestnut Street

Summary
Location and General Information
  • City: Silver Lake
  • County Or Parish: Shawnee
  • Directions: Turn right to merge onto I-670 W toward Topeka Entering Kansas, go 0.5 mi Take the exit onto I-70 W Toll road, go 54.9 mi Keep right to stay on I-70 W, follow signs for US-40 W/Topeka/Salina Toll road , go 4.3 mi Keep left to stay on I-70 W, go 5.0 mi Take exit 358A for US-75 N, go 0.2 mi Continue onto US-75 N, go 1.6 mi Exit onto US-24 W toward Manhattan Destination will be on the right, go 7.9 mi
  • Latitude: 39.10193795
  • Longitude: -95.85839811
  • MLS Area Major: 998 - Other Kansas Area
  • Zip Code: 66539
  • State Or Province: KS
  • Subdivision: Other
Taxes and HOA Information
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: No
  • Tax Special Amount: 0
  • Tax Annual Amount: $3,736.00
  • Parcel Number: 082-09-0-40-17-011-000
  • Tax Annual Amount: $3,736.00
  • Tax Legal Description: S09, T11, R14, CAP N 25, E 25 OF SW COR, SE 1/4, SE 1/4, N 145, E 128, S 145, W 128 TO POB
School Information
  • High School District: Silver Lake
Parking
  • Garage: No
  • Parking Features: Off Street
Property
Lot Information
  • Building Area Total: 5000.0
  • Lot Size Area: 18,560.00
  • Lot Size Source: Public Records
  • Lot Size SqFt: 18,560.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Wood Siding
  • Documents Available: Financial Details
  • Documents Count: 4
  • Age Description: 76-100 Years
  • FEMA 100 Yr Flood Plain: No
  • Special Documents Required YN: 0
  • Type Of Management: Off-Site Mgmt
  • Photos Count: 53
  • Senior Community: No
  • Year Built: 1930
Utilities
  • Sewer: Public Sewer
  • Utilities: Master Meters
  • Water Source: City/Public - Verify
Interior and Exterior Features
Exterior Features
  • Package: Yes
  • Roof: Composition
Interior Features
  • Basement YN: No
  • Bathrooms Total: 0
  • Unit Type: 1 Bedroom
  • Cooling: Other, Window Unit(s)
  • Central Air YN: No
  • Heating: Forced Air
  • Stories Total: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Gross Income: $90,000.00
  • Maintenance Provided YN: No
  • Operating Expense: $3,736.00
  • Operating Expense Includes: Real Estate Tax
Unit 1
  • Unit Type: Baths Total: 1
  • Unit Type: Type: 1 Bedroom
  • Unit Type: Units Total: 10
Rental
Rent Information
  • Current Occupancy Rate: Under 80%
  • Deposit: Coffelt Land Title
  • Existing Lease Terms: Month To Month

Property History for 308 Chestnut Street

DateEvent & SourcePriceAppreciation
Apr 1, 2026

Price Change

HEARTLANDMLS #2603759

$445,000—
Feb 26, 2026

Price Change

HEARTLANDMLS #2603759

$460,000—
Feb 26, 2026

Listed (Active)

HEARTLANDMLS #2603759

$445,000—
DateEvent & SourcePrice
04/01/2026

Price Change

HEARTLANDMLS #2603759

$445,000
02/26/2026

Price Change

HEARTLANDMLS #2603759

$460,000
02/26/2026

Listed (Active)

HEARTLANDMLS #2603759

$445,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 308 Chestnut Street

Taxable ValueLand-Additions-Total-
Tax Record2025$3,751 ($313 / month)
Home Facts
Beds0Total Finished SqFt600 SqFtAbove Grade Finished SqFt600 SqFtLot Size20,004 SqFtStyleMiscellaneous ResidentialYear Built1930ZoningRA1CountySHAWNEEAPN082-09-0-40-17-011.00

Schools near 308 Chestnut Street

This home is within Silver Lake School District.
Rating
School
Type
Grades
Distance
Silver Lake Elementary School
Public - PK to 6
Silver Lake Jr-Sr High School
Public - 7 to 12
Rating
School
Distance
Silver Lake Elementary School
PublicPK to 6

Silver Lake Jr-Sr High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 308 Chestnut Street, Silver Lake, KS 66539

308 Chestnut Street is for sale in Silver Lake, KS 66539. This property was listed for sale on February 26, 2026 by Lutz Sales + Investments, it's currently listed at $445,000. This listing's school district is Silver Lake School District. Nearby schools include Silver Lake Elementary School and Silver Lake Jr-Sr High School. 308 Chestnut Street is a 0-bed, 10-bath, 5,000 sqft built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lutz Sales + Investments

Listings courtesy of Heartland MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 04/03/2026 11:03 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.