c.1950 Missouri Home With Unpainted Woodwork $40K

OHU50K Notes $40,000

c.1950 Missouri Home With Unpainted Woodwork. Close to amenities and restaurants.

Yard featured at 2519 Chestnut St, Hannibal, MO, 63401

Realtor Comments

Welcome to 2519 Chestnut. The main level has large living room, dining room, kitchen, two bedrooms, and one bathroom. The washer/dryer connections are on the main level in one of the bedrooms. The bathroom has a walk-in shower. There is a front porch and back deck to enjoy the outdoors. Home has an unfinished basement. There is a three car detached garage with small engine lift and an additional storage trailer in the backyard. The garage is accessible through the backyard or the alley behind the house. The home has replacement windows.

1 bed
2 baths
1,101 sqft
7,013 sqft lot
Build date 1950

Yard featured at 2519 Chestnut St, Hannibal, MO, 63401

If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

2519 Chestnut St, Hannibal, MO 63401 $40,000

Contact Realtor: JNelle Lee
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Bedroom featured at 2519 Chestnut St, Hannibal, MO, 63401

More featured at 2519 Chestnut St, Hannibal, MO, 63401

Living Room featured at 2519 Chestnut St, Hannibal, MO, 63401

Pros of Hannibal, MO

Highly Accessible Real Estate: The median home value in Hannibal ranges between $127,000 and $135,000, which sits vastly below the national average and makes homeownership highly achievable.
Charming, Active Downtown: Unlike many towns its size, Hannibal has a vibrant, historic downtown. It features cobblestone streets, local boutiques, antique shops, and beloved local eateries like Boudreaux’s Louisiana Cajun Cafe.
Rich Cultural Festivals: The city hosts highly anticipated yearly events that draw visitors from all over. These include National Tom Sawyer Days over the 4th of July (featuring a massive mud volleyball tournament), the Big River Steampunk Festival, and the Autumn Folklife Festival. [1]
Local Higher Education: The town is home to Hannibal-LaGrange University, a private four-year university that adds educational, athletic, and cultural depth to the community. [1]
Beautiful Natural Geography: Situated right on the Mississippi River bluffs, residents have excellent access to outdoor recreation, river boating, scenic outlooks like Lover’s Leap, and local landmarks like the Mark Twain Cave Complex.

Cons of Hannibal, MO

Economic and Income Challenges: The local economy is heavily reliant on manufacturing, lower-paying service jobs, and seasonal tourism. The median household income hovers around $52,700 to $57,500, and certain pockets of the city struggle with high rates of poverty.
Localized Property Crime: While violent crime rates sit relatively close to or below the national average, property crime (primarily larceny and theft) is a persistent issue. Locals often note a distinct divide in safety depending on the specific neighborhood.
Rising Local Utilities & Taxes: Residents frequently complain about a high cost of municipal utilities, with rates scaling upward unpredictably. Additionally, the local effective property tax rate of 1.27% is slightly higher than the overall Missouri state average.
Tourism Congestion: Because Hannibal is a major historical destination, the downtown core experiences massive influxes of tourists and traffic during the peak summer months and during major fall weekend festivals.
Lack of Direct Large Metro Amenities: While Hannibal has a solid infrastructure of grocery stores and local healthcare, residents must drive about 30 minutes to Quincy, Illinois, or close to 1.5 to 2 hours to the St. Louis metro area for major concerts, international airports, and specialized medical networks.