LOCATION • VIEWS • ONE-LEVEL LIVING 3600 TOTAL SQUARE FEET PLUS 784 square feet-2 BED/1BA ADU - INCOME POTENTIAL • MULTI-GENERATIONAL OPTIONS! Welcome to an exceptional opportunity in the heart of Monument, CO—walking distance to Monument Lake, historic downtown Monument, two beautiful parks, summers concerts in one of them, and the hiking/biking trails of Mt. Herman. This versatile 5-bedroom home offers a unique combination of comfort, flexibility, and investment potential. Thoughtfully updated, it features main-level living and a fully finished walkout basement—perfect for multi-generational living or generating rental income. The main level highlights are Luxury Vinyl Plank flooring throughout, a bright living room with shiplap walls and a cozy, modern fireplace. It has an open-concept kitchen, dining, and flex area with vaulted shiplap ceiling. Walk-out to a composite deck, private hot tub, and landscaped backyard—ideal for relaxing or entertaining. In the walkout basement there is a Private entrance, a spacious bedroom with adjacent bathroom (could serve as a second suite). The basement presents multiple living/flex spaces with the private walkout access—perfect for a separate rental unit, guest quarters, or teen retreat. Bonus: Accessory Dwelling Unit: Completed in January 2022, this charming 784 sq ft, 2-bed/1-bath cottage is loaded with potential. It has a full kitchen, dining area, and generous living room with light and bright interior with thoughtful finishes. Just steps to the park with basketball, soccer, playground for the kids and much more. This home is ideal for living in the home and it offers income from areas like the basement and ADU with short, mid, or long-term rentals. All furniture is negotiable making this a turn key home and operation. Contact Listing agent for financials.
Property Details
- Cooling
- Ceiling Fan(s)
- Heating
- Forced Air,Natural Gas
- Cooling Features
- Ceiling Fan(s)
- Exterior Features
- Alum/Vinyl/Steel
- Acres
- 0.231
- Lot Size
- 10081.0000
- Lot Size (sqft)
- 10081.0
- Property Type
- Multi-Family
- Year Built
- 1972
- Foundation
- Walk Out
- Roof
- Composite Shingle
- Utility Features
- Cable Available,Electricity Connected,Natural Gas Connected
- Appliances
- 220v in Kitchen,Dishwasher,Disposal,Dryer,Microwave Oven,Oven,Range,Refrigerator,Washer
- Water
- Municipal
- School District
- Lewis-Palmer-38
- County
- El Paso
- Region
- Monument
- Terms
- Cash,Conventional,VA
- MLS #
- 5842572
- Property Subtype
- House W/Cottage
- Fence
- Front,Rear
- MLS #
- 5842572
- Date Listed
- March 20, 2026
- Address
- 244 Mitchell Avenue
Location
Legal
- The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS.
Last Updated: Jul 27, 2026 8:06 AM. Source: PPMLS
Provided By
Listed by Timothy Enders (#011953), 843-860-0524
Listing Office: Exp Realty LLC (#00004382)
