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Sold
  • $425,013

    109 N Summit St, Ypsilanti, MI 48197

    7beds
    3baths
    3,017sqft
    2 to 4 Units
    Built in 1909
    -- sqft lot
    $490,600 Zestimate®
    $141/sqft
    $1,353 Estimated rent

    Home value

    $490,600

    $461,000 - $520,000

    $1,353/mo

    Zestimate® history
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    $2,812/mo

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    What's special

    Attention Investors! Discover this exquisite three-unit multi-family residence nestled in the heart of Downtown Ypsilanti. Perfectly situated within walking distance to Eastern Michigan University, parks, downtown, Frog Island, Depot town, and more, this prime property beckons to those seeking convenience and charm. Currently boasting tenants in 2 out of 3 units, this income-generating gem awaits its next landlord or resident. Each unit offers a private entry, ensuring privacy and security. The property has undergone numerous upgrades, including newer siding, a fresh roof, and updated HVAC systems, furnaces, AC, and mini-splits. Step inside to discover a host of interior enhancements, from new LVT flooring to modernized bathrooms featuring updated vanities, toilets, and showers. from new LVT flooring to modernized bathrooms featuring updated vanities, toilets, and showers. Two-thirds of the units boast renovated kitchens equipped with updated cabinetry, granite countertops, and top-of-the-line appliances. For added convenience, private laundry facilities are available in the lower and main level units, catering to tenants seeking premium amenities. Additional highlights include vinyl windows, newer water tanks, upgraded plumbing, and modernized electrical systems. Outside, tenants will appreciate the convenience of a large private parking area and a spacious, oversized backyard. Don't miss out on this exceptional investment opportunity! Schedule your viewing today.

    Zillow last checked:

    Listing updated:

    Listed by:

    Joshua Dillon 734-777-4448,

    J Dillon Realty

    Bought with:

    Camille Prochazka

    Source: MichRIC,MLS#: 24016147MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 3
    Heating
    • Forced Air, Heat Pump
    Cooling
    • Wall Unit(s)
    Appliances
    • Laundry: Gas Dryer Hookup, In Basement, In Unit, Laundry Room, Main Level, Other, See Remarks
    Features
    • Basement: Full
    Interior area
    • Total interior livable area: 3,017 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Driveway, Gravel
    Lot
    • Size: 10,018 sqft
    • Dimensions: 66 x 149
    • Features: Level
    Details
    • Parcel number: 111140162021

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Stone, Vinyl Siding
    • Roof: Composition,Other
    Condition
    • New construction: No
    • Year built: 1909

    Utilities & green energy

    • Sewer: Public Sewer, Storm Sewer
    • Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

    Community & neighborhood

    Location
    • Region: Ypsilanti

    Other

    Other facts
    • Listing terms: FHA,Cash,Conventional

    Price history

    DateEventPrice
    6/7/2024Sold$425,013+1.2%$141/sqft
    Source: MichRIC #24016147 Report a problem
    5/13/2024Listed for sale$420,000$139/sqft
    Source: Realcomp II #81024016147 Report a problem
    5/13/2024Contingent$420,000$139/sqft
    Source: MichRIC #24016147 Report a problem
    4/12/2024Pending sale$420,000$139/sqft
    Source: MichRIC #24016147 Report a problem
    4/10/2024Listed for sale$420,000+662.2%$139/sqft
    Source: MichRIC #24016147 Report a problem
    8/30/2013Listing removed$1,500
    Source: KCLVM Properties Report a problem
    5/7/2013Listed for rent$1,500
    Source: KCLVM Properties Report a problem
    6/8/2009Sold$55,101-76.8%$18/sqft
    Source: Public Record Report a problem
    12/7/2007Sold$237,857+3%$79/sqft
    Source: Public Record Report a problem
    3/3/2005Sold$231,000$77/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,962 $151,900 +2.4%
    2024-- $148,300 +16.2%
    2023-- $127,600 +9%
    2022-- $117,100 +2.9%
    2021-- $113,800 +9.1%
    2020$7,423 $104,300 +0.9%
    2019-- $103,400 +1.2%
    2018-- $102,200 +3.4%
    2017$6,666 $98,800 +28.2%
    2016$6,666 $77,075 +0.3%
    2015-- $76,845 +3.2%
    2014-- $74,444
    2013-- $74,444 +2.4%
    2012-- $72,700 -3.1%
    2011-- $75,054 +1.7%
    2010-- $73,800 -18.9%
    2009-- $91,000 -4.5%
    2008-- $95,300 -10.7%
    2007-- $106,707 +3.7%
    2005-- $102,900 +13.1%
    2004-- $91,000 +7.9%
    2003-- $84,300 +12%
    2002$3,458 +18.4%$75,300
    2001$2,922 +20.9%$75,300 +25.9%
    2000$2,416 +160.5%$59,800 +16.3%
    1999$927 $51,400

    Find assessor info on the county website

    Neighborhood: Normal Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $490,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $490,600