Investment opportunity with this 6 unit apartment complex with attached garage, storage area, and partial basement.Nice office area that could be converted to an efficiency apartment. Ample paved parking in rear of building.
For sale
$399,000
123 N Bailey St, Cheboygan, MI 49721
--beds
0baths
--sqft
Multi Family
Built in ----
-- sqft lot
$397,500 Zestimate®
$--/sqft
$-- HOA
What's special
Attached garage
- 85 days
- 74
- 0
Zillow last checked:
Listing updated:
Listed by:
Billie Desy 231-420-7797,
COLDWELL BANKER SCHMIDT CHEBOYGAN 231-627-9959,
Tonya Schryer 989-614-1929
Source: WWMLS,MLS#: 201841352
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Natural Gas, Hot Water, Forced Air
Appliances
- Included: Refrigerator, Dryer, Dishwasher
- Laundry: Main Level
Features
- Flooring: Hardwood, Vinyl
- Windows: Egress Windows
- Has basement: Yes
Property
Parking
- Parking features: Garage, Open
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 757 Square Feet
- Dimensions: 171 x 111 +92 x 61
Details
- Parcel number: 054H2200400500
- Zoning: commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: M W Hornes 3rd Add
Location
- Region: Cheboygan
Financial & listing details
- Tax assessed value: $290,400
- Annual tax amount: $3,843
- Date on market: 7/9/2026
- Listing terms: Cash,Conventional Mortgage
- Ownership: Owner
- Road surface type: Paved
Estimated market value
$397,500
$378,000 - $417,000
$1,200/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Listed for sale | $399,000 |
Source:  WWMLS #201841352 Report a problem | ||
| 7/13/2026 | Contingent | $399,000 |
Source: WWMLS #201841352 Report a problem | ||
| 7/9/2026 | Listed for sale | $399,000+280% |
Source: WWMLS #201841352 Report a problem | ||
| 8/3/2015 | Sold | $105,000 |
Source: WWMLS #297116 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $3,843 +1.7% | $145,200 +15.2% |
| 2025 | $3,780 +14.2% | $126,000 +14.1% |
| 2024 | $3,311 +3.5% | $110,400 +14.5% |
| 2023 | $3,198 -2.4% | $96,400 +26% |
| 2022 | $3,277 | $76,500 +13% |
| 2021 | -- | $67,700 -1% |
| 2020 | -- | $68,400 +4.4% |
| 2019 | -- | $65,500 +5.8% |
| 2018 | -- | $61,900 +16.8% |
| 2017 | -- | $53,000 -1.1% |
| 2016 | -- | $53,600 +11.7% |
| 2015 | -- | $48,000 +4.1% |
| 2014 | -- | $46,100 -24.3% |
| 2012 | -- | $60,900 -4.2% |
| 2011 | -- | $63,600 -1.4% |
| 2010 | -- | $64,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 49721
Nearby schools
Schools provided by the listing agent
- Elementary: Cheboygan
- High: Cheboygan
Source: WWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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