41 Chestnut Street

About This Property

Calling all investors and entrepreneurs! This mixed-use, three-unit property is full of opportunity and offers the chance to own a piece of Amsterdam's history. Standing since 1880, this landmark building has served the neighborhood for generations. Once home to a popular local business in the 1960s, the commercial space was most recently approved for use as a neighborhood convenience store, opening the door to a variety of future possibilities. Ideally located just one block from the neighborhood park and close to local schools, this property is well suited for investors looking to expand their portfolio or owner-occupants seeking the flexibility of living where they work while generating rental income. The first floor offers two potential retail spaces, ample storage, and a studio apartment. Upstairs, you'll find a spacious two-bedroom apartment featuring a living room, dining room, a second-floor porch, and a walk-up attic that provides additional storage or future potential. Outside, a charming hidden patio tucked between the porch and detached two-car garage creates a private space to unwind. As an added bonus, the City of Amsterdam offers a variety of grant programs for qualifying owner-occupied and commercial properties, providing potential opportunities for future improvements and investment. For nearly 150 years, this building has adapted alongside the community it serves. What will its next chapter be?