3133 Chelsea Ave · Kansas City, MO 64128

$78,990

2 bd · 1.0 ba · 768 sqft · SingleFamily public records · 63 Days on market

Built 1929 4,262 sqft lot Est $86k · 8% under

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Why this score? — see what drove the A- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +11.2/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +9.7/10.0
• Livability +3.9/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0

Listing remarks

Looking for affordable homeownership close to downtown Kansas City? 3133 Chelsea Ave. offers a charming cozy bungalow with great potential conveniently located to your major highways. Come explore the possibilities and envision your future here.

Key facts

• Conveniently located
• 4,262 sq ft lot
• Listed 63 days

Tags

• CHARMING COZY BUNGALOW
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Lot about 4,262 square feet; Not in a flood plain
• HOA & community: No association fees

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; Bungalow style; Approximately 76–100 years old
• Construction: Vinyl siding; Composition roof
• Exterior features: Metal fencing

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Electric cooling (has cooling)
• Interior features: Bungalow floor plan; Kit/Dining combo; Crawl space basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $442 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $74k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.0% vs local median 3.9% in Kansas City — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#28 in MO, #2,671 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-, crime F.
• Kansas City 33 (urban): math 12% / reading 24% proficiency, ranked #308 of 324 in MO (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.7%/yr); 86 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 4,002 units permitted in Jackson County in 2024 (2,271 in 5+ unit buildings).
• This rent runs 39% of the median local income ($36k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $8k of equity ($546 loan paydown + $8k appreciation (10.0% local appreciation)).
• Jackson County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 4.7% rent growth), your $22k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 18y ago; this cycle's ask has dropped $6k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1929 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $74,250 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1929 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.47% ✓
• Cap rate: 13.01%
• Cash-on-cash: 24.00%
• DSCR: 2.07
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $86,016
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3133 Chelsea Ave	0.00mi	2/1.0	762 (-1%)	1mo	$78,990	$104	98
3224 Lister Ave	0.14mi	2/1.0	792 (+3%)	3mo	$30,000	$38	86
3304 Norton St	0.48mi	2/1.0	792 (+3%)	9mo	$90,000	$114	65
2810 Elmwood Ave	0.45mi	2/1.0	856 (+12%)	1mo	$120,000	$140	59
3207 Kensington Ave	0.24mi	2/1.0	678 (-12%)	12mo	$84,900	$125	59
2715 Brighton Ave	0.56mi	2/1.0	704 (-8%)	4mo	$90,000	$128	57
3601 Norton Ave	0.68mi	2/1.0	725 (-6%)	3mo	$40,000	$55	56
3423 Cleveland Ave	0.70mi	2/1.0	792 (+3%)	9mo	$80,000	$101	55
3328 Kensington Ave	0.35mi	3/1.5 (+1)	832 (+8%)	12mo	$89,900	$108	53
2838 Myrtle Ave	0.62mi	3/1.0 (+1)	748 (-3%)	12mo	$29,900	$40	52
3625 Jackson Ave	0.70mi	2/1.0	809 (+5%)	10mo	$110,000	$136	50
3610 Norton Ave	0.72mi	2/1.0	672 (-12%)	8mo	$75,000	$112	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 4.65% rent growth · sell at horizon

5-year hold

• IRR: 43.2%
• Equity multiple: 4.31×
• Total profit: $73,129
• Equity at exit: $71,160

10-year hold

• IRR: 37.9%
• Equity multiple: 9.93×
• Total profit: $197,411
• Equity at exit: $153,460

Cash invested: $22,117 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 81 Strongly Landlord-Friendly
• State Missouri: 81 Strongly Landlord-Friendly · R+10
• County: — inherits STATE
• City: — inherits STATE

Generally landlord-friendly; St Louis has some habitability requirements.

Methodology + full state rankings →

ZIP-level market 64128

• Home prices YoY: 21.6%
• Rents YoY: 4.7%
• Active inventory: 86
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,164 high
• Mortgage (P&I): −$414
• Tax from tax record: −$30 /mo · $358/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $442

Break-even live

Break-even rent $604

Max offer price $78,990

Occupancy floor 57%

Sensitivity live

Price	-10% $487	-5% $465	+0% $442	+5% $420	+10% $398
Rent	-10% $350	-5% $396	+0% $442	+5% $488	+10% $534
Rate	-1.0pp $482	-0.5pp $462	base $442	+0.5pp $422	+1.0pp $401

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $19,748
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3118 Chelsea Ave Kansas City, MO	2.0	1.0	864	$980	$1.13	44d	1	0.02mi
3032 Elmwood Ave Kansas City, MO	3.0	1.0	1027	$1,275	$1.24	8d	1	0.16mi
5108 E 30th St Kansas City, MO	3.0	1.0	960	$1,400	$1.46	3d	1	0.32mi
3243 Denver Dr Kansas City, MO	1.0–3.0	1.0	862	$1,088	$1.26	44d	1	0.34mi
3437 Jackson Ave Kansas City, MO	2.0	1.0	700	$1,150	$1.64	17d	1	0.51mi
2855 Van Brunt Blvd Unit A Kansas City, MO	2.0	1.0	744	$1,080	$1.45	44d	1	0.53mi
3736 Cypress Ave Kansas City, MO	3.0	1.0	1100	$1,200	$1.09	8d	1	0.79mi
4902 E 39th St Kansas City, MO	2.0	1.0	820	$1,300	$1.59	17d	1	0.85mi
2454 Cypress Ave Kansas City, MO	3.0	1.0	800	$1,300	$1.62	4d	1	0.86mi
2447 Norton Ave Kansas City, MO	2.0	1.0	800	$976	$1.22	17d	1	0.93mi
3310 College Ave Kansas City, MO	3.0	1.0	874	$995	$1.14	44d	1	0.94mi
2424 Norton Ave Unit B Kansas City, MO	3.0	1.0	982	$1,150	$1.17	17d	1	1.00mi
3911 Oakley Ave Kansas City, MO	2.0	1.0	816	$1,195	$1.46	13d	1	1.11mi
3330 Agnes Ave Kansas City, MO	3.0	1.0	1000	$1,410	$1.41	44d	1	1.14mi
5601 E 39th Ter Kansas City, MO	3.0	1.0	816	$1,225	$1.50	3d	1	1.18mi
2419 Bales Ave Kansas City, MO	3.0	1.5	1116	$1,500	$1.34	3d	1	1.21mi
5700 E 40th St Kansas City, MO	3.0	1.0	816	$1,245	$1.53	22d	1	1.21mi
5636 E 40th St Kansas City, MO	3.0	1.0	816	$1,225	$1.50	3d	1	1.21mi
4028 Myrtle Ave Kansas City, MO	3.0	1.0	1100	$1,490	$1.35	44d	1	1.22mi
5707 E 40th St Kansas City, MO	3.0	1.0	816	$1,295	$1.59	12d	1	1.24mi
2701 Benton Blvd Unit 2703-2 Kansas City, MO	2.0	1.0	800	$1,200	$1.50	2d	1	1.26mi
2701 Benton Blvd Unit 2705-3 Kansas City, MO	2.0	1.0	800	$1,200	$1.50	8d	1	1.26mi
2637 E 29th St Unit 3 Kansas City, MO	2.0	1.0	954	$1,050	$1.10	44d	1	1.27mi
2225 Askew Ave Kansas City, MO	2.0	1.0	864	$1,050	$1.22	44d	1	1.31mi
4005 Bales Ave Kansas City, MO	2.0	1.0	792	$1,050	$1.33	44d	1	1.31mi
2413 College Ave Kansas City, MO	2.0	2.0	1022	$1,225	$1.20	24d	1	1.31mi
2213 Askew Ave Kansas City, MO	2.0	1.0	865	$1,002	$1.16	20d	1	1.33mi
2454 Benton Blvd Unit 2460-3 Kansas City, MO	1.0	1.0	750	$1,100	$1.47	17d	1	1.44mi
2454 Benton Blvd Unit 2456-1 Kansas City, MO	1.0	1.0	750	$1,000	$1.33	17d	1	1.44mi
2454 Benton Blvd Unit 2458-2 Kansas City, MO	1.0	1.0	750	$1,000	$1.33	8d	1	1.44mi
4216 Cleveland Ave Kansas City, MO	2.0	1.0	780	$1,125	$1.44	17d	1	1.47mi

Listing history 41 events

1. 2026-04-30
   status Pending
2. 2026-03-30
   price $78,990
3. 2026-02-26
   listed $85,000 Active
4. 2026-01-18
   historical
5. 2025-11-08
   price $85,000
6. 2025-10-24
   listed $90,000 Active
7. 2025-09-12
   historical
8. 2025-08-27
   price $85,000
9. 2025-08-05
   price $95,000
10. 2025-07-11
    listed $110,000 Active
11. 2025-07-03
    historical
12. 2024-12-31
    historical
13. 2024-08-27
    listed $100,000 Active
14. 2022-11-01
    soldstatus
15. 2022-08-24
    historical
16. 2022-07-01
    status Active
17. 2022-06-06
    historical Active Under Contract
18. 2022-05-24
    price $105,000
19. 2022-04-22
    price $110,000
20. 2022-04-04
    price $118,000
21. 2022-03-18
    status Active
22. 2022-03-05
    historical Active Under Contract
23. 2022-02-21
    price $119,000
24. 2022-02-15
    status Active
25. 2022-02-04
    historical Active Under Contract
26. 2022-01-17
    listed $120,000 Active
27. 2021-12-09
    soldstatus
28. 2021-12-08
    soldstatus Closed
29. 2021-11-22
    historical Active Under Contract
30. 2021-11-09
    listed $51,995 Active
31. 2020-12-03
    soldstatus
32. 2019-11-20
    soldstatus
33. 2019-11-08
    soldstatus Sold
34. 2019-10-17
    status Pending
35. 2019-10-14
    price $12,000
36. 2019-09-27
    price $19,000
37. 2019-08-16
    listed $21,500 Active
38. 2008-05-05
    listed $3,000
39. 2008-05-05
    historical
40. 2003-03-26
    soldstatus
41. 1996-12-06
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MO · Resets to sale price

• Current annual tax: $358 · $30/mo
• Projected year-2 tax: $766 · $64/mo
• Expected delta: +$408/yr (+$34/mo · 113.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥106°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,964
• − Mortgage interest: −$4,425
• − Property taxes: −$358
• − Insurance: −$395
• − Repairs & maintenance: −$1,117
• − Management: −$1,117
• − Depreciation: −$2,298
• Taxable income: $4,254
• Est. tax owed @ 24.0%: −$1,021
• After-tax cash flow: $4,287/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Kansas City 33
• NCES district ID: 2916400
• Math proficiency: 12% ▼ -8.00%
• Reading proficiency: 24% ▬ 0.00%
• Median HH income: $35,227
• Composite: 14.8/100
• National rank: #9387
• State rank: #308 of 324 in MO

Livability — Kansas City

• Score: 78/100
• State rank: #28
• US rank: #2671

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment C+ Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kansas City, MO
• County: Jackson County · 687,798 people
• City population: 439,467
• Metro: Kansas City, MO-KS
• Population (ZIP): 11,912
• Household income: $36,088
• Rent vs Own: 52.5% rent · 47.5% own
• Severe rent burden: 946.0

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 719,589 people
• By 2030: 731,456 · +1.6%
• By 2040: 746,689 · +3.8%
• By 2050: 749,289 · +4.1%
• By 2075: 736,227 · +2.3%
• By 2100: 668,210 · -7.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (79%)
• Race & ethnicity: Black 79% Hispanic / Latino 9% White 8% Two or more races 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Swedish 1% Hispanic 1%
• Foreign-born: 7% · Canada
• Languages at home: 88% English-only · Spanish 7% French/Haitian/Cajun 2%

Political lean MEDSL · Jackson

• 2024 margin: D (+19.3) · D 58.9% · R 39.5% · Other 1.6%
• 2008→2024 swing: -6.1pp toward R · 2008: 25.4pp · 2024: 19.3pp
• All cycles: 2024: D+19.3 2020: D+22.0 2016: D+16.6 2012: D+19.0 2008: D+25.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 73.41%
• Current HPI: 412.6862
• Rent YoY: ▲ 4.65%
• Metro: Kansas City, MO-KS
• State GDP YoY: ▲ 1.84%
• F500 in state: 20

Industry mix (Fortune 500 HQ in MO)

Industry	F500 HQs	Revenue
▸Healthcare	1	$163B
▸Insurance	1	$21B
▸Industrial Technology	1	$17B
▸Retail	1	$16B
▸Industrial Distribution	1	$10B
▸Utilities	1	$9B

Price history

+2533.0% since first listed

41 events — show timeline

• 2026-04-30 Pending — Heartland MLS as Distributed by MLS Grid
• 2026-03-30 Price Changed $78,990 Heartland MLS as Distributed by MLS Grid
• 2026-02-26 Listed $85,000 Heartland MLS as Distributed by MLS Grid
• 2026-01-18 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2025-11-08 Price Changed $85,000 Heartland MLS as Distributed by MLS Grid
• 2025-10-24 Listed $90,000 Heartland MLS as Distributed by MLS Grid
• 2025-09-12 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2025-08-27 Price Changed $85,000 Heartland MLS as Distributed by MLS Grid
• 2025-08-05 Price Changed $95,000 Heartland MLS as Distributed by MLS Grid
• 2025-07-11 Listed $110,000 Heartland MLS as Distributed by MLS Grid
• 2025-07-03 Coming Soon — Heartland MLS as Distributed by MLS Grid
• 2024-12-31 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2024-08-27 Listed $100,000 Heartland MLS as Distributed by MLS Grid
• 2022-11-01 Sold (Public Records) — Public Records
• 2022-08-24 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2022-07-01 Relisted — Heartland MLS as Distributed by MLS Grid
• 2022-06-06 Contingent — Heartland MLS as Distributed by MLS Grid
• 2022-05-24 Price Changed $105,000 Heartland MLS as Distributed by MLS Grid
• 2022-04-22 Price Changed $110,000 Heartland MLS as Distributed by MLS Grid
• 2022-04-04 Price Changed $118,000 Heartland MLS as Distributed by MLS Grid
• 2022-03-18 Relisted — Heartland MLS as Distributed by MLS Grid
• 2022-03-05 Contingent — Heartland MLS as Distributed by MLS Grid
• 2022-02-21 Price Changed $119,000 Heartland MLS as Distributed by MLS Grid
• 2022-02-15 Relisted — Heartland MLS as Distributed by MLS Grid
• 2022-02-04 Contingent — Heartland MLS as Distributed by MLS Grid
• 2022-01-17 Listed $120,000 Heartland MLS as Distributed by MLS Grid
• 2021-12-09 Sold (Public Records) — Public Records
• 2021-12-08 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2021-11-22 Contingent — Heartland MLS as Distributed by MLS Grid
• 2021-11-09 Listed $51,995 Heartland MLS as Distributed by MLS Grid
• 2020-12-03 Sold (Public Records) — Public Records
• 2019-11-20 Sold (Public Records) — Public Records
• 2019-11-08 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2019-10-17 Pending — Heartland MLS as Distributed by MLS Grid
• 2019-10-14 Price Changed $12,000 Heartland MLS as Distributed by MLS Grid
• 2019-09-27 Price Changed $19,000 Heartland MLS as Distributed by MLS Grid
• 2019-08-16 Listed $21,500 Heartland MLS as Distributed by MLS Grid
• 2008-05-05 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2008-05-05 Listed $3,000 Heartland MLS as Distributed by MLS Grid
• 2003-03-26 Sold (Public Records) — Public Records
• 1996-12-06 Sold (Public Records) — Public Records

Property tax history

+3.6%/yr

Latest (2025): $358 · -42.1% YoY. Source: county tax records.