510 E Chicago St, Rapid City, SD, 57701
About This Home
$10,000 PRICE REDUCTION — INVESTOR ALERT! (Tri-Plex: Home + Finished Basement Suite + Detached ADU) Unlock the rare opportunity to live in your own home while your tenants help pay the mortgage. This versatile property functions as a non-conforming triplex, offering three unique living spaces: a main-floor residence, a fully finished lower-level suite, and a detached one-bedroom efficiency cottage. Whether you’re an investor, a house-hacker, or someone looking to offset monthly expenses, this property delivers immediate income and long-term potential. Upgrades throughout including electrical updates. FINANCIALS AND UTILITY REPORTS AVAILABLE UPON REQUEST WITH SIGNED NDA; long term tenant main floor (showings best between 3 and 5 and no showings Fridays at 5:00 through Saturday at 5:00 (sabbatical for owners)
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Roof: Composition
- Construction materials: Frame,Metal Siding
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Appliances
- Appliances included: Refrigerator,Electric Range Oven,Microwave,Range Hood
Basement
- Has basement: Yes
- Basement: Full,Finished
Bedrooms & Bathrooms
- Bedrooms: 5
Heating & Cooling
- Heating features: Natural Gas,Electric
- Cooling features: Wall Unit(s)
Interior Area
- Total structure area: 1,602
- Total interior livable area: 1,602 sqft
Property
Details
- Parcel number: 2131381009
Features
- Entry location: Private Entrance
Lot
- Lot size: 8,712 sqft
Parking
- Parking features: Paved,Other (See Remarks)
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Cold Wave
- Hail
- Ice Storm
- Lightning
- Inland Flooding
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Pennington County and South Dakota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,693 | $20,316 |
| Home Insurance | $234 | $2,808 |
| Property Taxes | $369 | $4,428 |
| Electricity | $146 | $1,755 |
| Total | $2,442 | $29,304 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-07 | Price change | $324,900 |
| 2026-07-21 | Listed for sale | $334,900 |
| 2025-05-24 | Listing removed | $279,000 |
| 2025-05-15 | Listed for sale | $279,000 |
| 2025-03-27 | Contingent | $279,000 |
| 2025-03-18 | Listed for sale | $279,000 |
| 2020-05-29 | Sold | $136,000 |
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