1025 CHELSEA AVE, Memphis, TN 38107 (MLS # 10215089)
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Solid brick home now offered at an improved price under $40k. This value-add opportunity offers strong upside for an investor looking to renovate and reposition for rental income or resale. The property features ample space, a functional layout, and solid rental potential after updates. Significant cosmetic and/or mechanical improvements may be needed, making this a good candidate for a rehab-to-rent or BRRRR strategy. Conveniently located near major corridors and employment centers, supporting steady rental demand. Seller is open to serious offers. Property sold as-is. No wholesalers.
| DAYS ON MARKET | 94 | LAST UPDATED | 5/4/2026 |
|---|---|---|---|
| TRACT | MURPHY-RE BLK 5 | YEAR BUILT | 1925 |
| COMMUNITY | Harbor Town/Downtown | GARAGE SPACES | 1.0 |
| COUNTY | Shelby | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Mar 24, '26 | $50,000 |
|---|---|
| Mar 24, '26 - May 4, '26 | $45,000 |
| May 4, '26 - Today | $39,900 |
| ADDITIONAL DETAILS | |
| AREA | Harbor Town/Downtown |
|---|---|
| GARAGE | Yes |
| LOT | 5663 sq ft |
| LOT DESCRIPTION | Level |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| STYLE | Bungalow |
| SUBDIVISION | MURPHY-RE BLK 5 |
| TAXES | 614 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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