For sale

Price cut: $5K (8/7)

$745,000

1521 Electric Ave, Lincoln Park, MI 48146

8beds

5,492sqft

$5,832/mo

Get pre-qualified

Multi Family

Built in 1961

-- sqft lot

$717,400 Zestimate^®

$136/sqft

$-- HOA

What's special

8 unit apartment building, 2 separate buildings with 4 (one) bedroom units in each building, each unit consists of living room, kitchen, bedroom & bathroom, on-site laundry available, large parking lot shared between buildings, 100% tenant occupied, nice curb appeal, all data apx.

33 days

448

23

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8
Full bathrooms: 8

Heating

Forced Air, Natural Gas

Cooling

Window Units

Features

Has basement: No
Has fireplace: No

Interior area

Total interior livable area: 5,492 sqft
Finished area above ground: 5,492

Property

Parking

Parking features: Parking Lot

Features

Levels: One
Stories: 1
Pool features: None
Fencing: Fencingnot Allowed

Lot

Size: 9,147 Square Feet
Dimensions: 80 x 113

Details

Parcel number: 45007080088000
Zoning description: Commercial, MultiFamily
Special conditions: Corporate Relocation,Short Sale No

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch
Property subtype: Multi Family

Materials

Brick
Foundation: Slab
Roof: Asphalt

Condition

New construction: No
Year built: 1961
Major remodel year: 2022

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Above Ground Utilities

Community & HOA

Community

Security: Smoke Detectors
Subdivision: FREDERICK-ROBERTS-MCKENNY REALTY CO SUB P C 118

Location

Region: Lincoln Park

Financial & listing details

Price per square foot: $136/sqft
Tax assessed value: $62,175
Annual tax amount: $4,446
Date on market: 7/9/2026
Cumulative days on market: 34 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Estimated market value

$717,400

$682,000 - $753,000

$1,225/mo

Price history

Date	Event	Price
8/7/2026	Price change	$745,000-0.7%$136/sqft
Source: Realcomp II #20261049506 Report a problem
7/9/2026	Listed for sale	$750,000+383.9%$137/sqft
Source: Realcomp II #20261049506 Report a problem
4/16/2023	Listing removed	--
Source: Zillow Rentals Report a problem
4/2/2023	Listed for rent	$800
Source: Zillow Rentals Report a problem
3/14/2023	Listing removed	--
Source: Zillow Rentals Report a problem
2/27/2023	Listed for rent	$800
Source: Zillow Rentals Report a problem
2/17/2023	Listing removed	--
Source: Zillow Rentals Report a problem
2/13/2023	Listed for rent	$800
Source: Zillow Rentals Report a problem
1/25/2023	Listing removed	--
Source: Zillow Rentals Report a problem
1/11/2023	Listed for rent	$800
Source: Zillow Rentals Report a problem
7/16/2004	Sold	$155,000$28/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$67,000 +12.8%
2024	--	$59,400 +8.6%
2023	--	$54,700 +3%
2022	--	$53,100 -2.7%
2021	--	$54,600
2020	$3,974	$54,600 +7.9%
2019	--	$50,600 -9.2%
2018	--	$55,700
2017	--	$55,700
2016	$4,297	$55,700
2015	$4,297 -22.9%	$55,700
2013	$5,570 +29.6%	$55,700
2012	$4,297	$55,700 -16.7%
2010	--	$66,900 -5.1%
2009	--	$70,500
2008	--	$70,500 -36.9%
2007	--	$111,700 +5.7%
2005	$5,077	$105,700 +3%
2003	--	$102,600 +66.2%
2001	--	$61,732 +3.2%
2000	$4,085	$59,818