Turnkey 4-unit investment property in Cadillac with strong in-place cash flow. Fully rented, bringing in $4,000/month + coin laundry income. Unit 1 is a spacious 3BR/1BA with basement & garage (1,263 sq ft). Units 2–4 include two 2BR units and one 1BR, ranging from 356–719 sq ft. All units have private entrances, separate kitchens, and full baths. Average monthly utility cost over the last 12 months is $558 (owner-paid). Vinyl siding, architectural shingles, and off-street parking. Corner lot location near Lake Cadillac, dining, and parks. City water/sewer, natural gas, great rental history. Don’t miss this opportunity to own a low-maintenance, income-producing asset in a high-demand area. One member of 1102 chestnut LLC is a licensed real estate agent in the State of Michigan.
Accepting backups
$285,000
1102 Chestnut St, Cadillac, MI 49601
8beds
4baths
2,929sqft
Multi Family
Built in 1920
-- sqft lot
$277,000 Zestimate®
$97/sqft
$-- HOA
What's special
Off-street parkingVinyl sidingArchitectural shinglesCorner lot locationSeparate kitchensPrivate entrances
- 98 days |
- 30 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
KJ Sayer Cell:231-735-4089,
The Mitten Real Estate Group 231-421-1970
Source: NGLRMLS,MLS#: 1942746
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range, Washer, Dryer
Features
- Other, Cable TV, High Speed Internet
- Basement: Full,Walk-Out Access,Finished Rooms,Egress Windows
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,929
- Total interior livable area: 2,929 sqft
Property
Parking
- Parking features: One Car
Accessibility
- Accessibility features: None
Features
- Patio & porch: Porch
- Has view: Yes
- View description: Seasonal View
- Waterfront features: None
Lot
- Size: 6,969 Square Feet
- Dimensions: 132 x 54
- Features: Landscaped
Details
- Additional structures: None
- Parcel number: 100750001400
- Zoning description: Residential,Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Apartment
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Masonite
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Subdivision: Lake View Add City Of Cadillac
Location
- Region: Cadillac
Financial & listing details
- Price per square foot: $97/sqft
- Tax assessed value: $108,451
- Annual tax amount: $4,456
- Price range: $285K - $285K
- Date on market: 3/6/2026
- Cumulative days on market: 99 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash,FHA,1031 Exchange
- Ownership type: Private Owner
- Lease term: Month To Month,12 Months
- Total actual rent: 4000
Estimated market value
$277,000
$263,000 - $291,000
$1,683/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Price change | $285,000-4.7%$97/sqft |
Source:  NGLRMLS #1942746 Report a problem | ||
| 7/8/2025 | Listed for sale | $299,000+30%$102/sqft |
Source: NGLRMLS #1936072 Report a problem | ||
| 3/8/2024 | Sold | $230,000-3.1%$79/sqft |
Source:  MichRIC #23142984 Report a problem | ||
| 2/7/2024 | Pending sale | $237,400$81/sqft |
Source:  RE/MAX of Michigan #23142984 Report a problem | ||
| 2/7/2024 | Contingent | $237,400$81/sqft |
Source: MichRIC #23142984 Report a problem | ||
| 1/18/2024 | Price change | $237,400-5.8%$81/sqft |
Source: MichRIC #23142984 Report a problem | ||
| 11/24/2023 | Listed for sale | $251,900+25.9%$86/sqft |
Source: MichRIC #23142984 Report a problem | ||
| 6/8/2021 | Contingent | $200,000$68/sqft |
Source: NGLRMLS #1887992 Report a problem | ||
| 5/28/2021 | Listed for sale | $200,000$68/sqft |
Source: NGLRMLS #1887992 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,456 +4.5% | $105,600 +25% |
| 2024 | $4,266 +4.2% | $84,500 +18.8% |
| 2023 | $4,092 +50% | $71,100 +10.7% |
| 2022 | $2,729 | $64,200 +11.8% |
| 2021 | -- | $57,400 +1.8% |
| 2020 | $2,700 | $56,400 +18.5% |
| 2019 | -- | $47,600 +13.3% |
| 2018 | -- | $42,000 -1.2% |
| 2017 | -- | $42,500 +3.2% |
| 2016 | -- | $41,200 -1.7% |
| 2015 | -- | $41,900 +11.1% |
| 2013 | -- | $37,700 +0.8% |
| 2012 | -- | $37,400 |
| 2011 | -- | $37,400 -29.2% |
| 2010 | -- | $52,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 49601
Nearby schools
GreatSchools rating
- 7/10Lincoln Elementary SchoolGrades: K-5Distance: 1.3 mi
- 7/10Mackinaw Trail Middle SchoolGrades: 6-8Distance: 2.6 mi
- 6/10Cadillac Senior High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- District: Cadillac Area Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Michigan
- Wexford County
- Cadillac
- 49601
- 1102 Chestnut St
Nearby cities
Nearby zip codes
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