Sold

$140,000

16 S 7th St, Niles, MI 49120

4beds

2baths

2,820sqft

2 to 4 Units

Built in 1930

-- sqft lot

$149,900 Zestimate^®

$50/sqft

$1,379 Estimated rent

Home value

$149,900

$129,000 - $175,000

$1,379/mo

Zestimate^® history

Owner options

List your home for rent

$1,379/mo

Rent Zestimate^®

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$1,379/mo

Rent Zestimate^®

Refinance and save

$927/mo

Est. payment

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$927/mo

Est. payment

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What's special

Seize a prime investment opportunity with this well-maintained 2-unit multi-family property located in the vibrant city of Niles. This income-generating asset features two fully-occupied units, offering immediate rental income for savvy investors.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Forced Air

Cooling

Wall Unit(s)

Features

Basement: Michigan Basement

Interior area

Total interior livable area: 2,820 sqft

Property

Parking

Total spaces: 2
Parking features: Driveway, Gravel

Lot

Size: 6,098 Square Feet
Dimensions: 52 x 117
Features: Level

Details

Parcel number: 117339600036007

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1930

Utilities & green energy

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

Community & HOA

Location

Region: Niles

Financial & listing details

Price per square foot: $50/sqft
Tax assessed value: $43,535
Annual tax amount: $2,398
Date on market: 3/18/2025
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
8/11/2025	Sold	$140,000-6.7%$50/sqft
Source: MichRIC #24046346 Report a problem
8/6/2025	Pending sale	$150,000$53/sqft
Source: MichRIC #24046346 Report a problem
6/21/2025	Contingent	$150,000$53/sqft
Source: MichRIC #24046346 Report a problem
3/18/2025	Listed for sale	$150,000-16.7%$53/sqft
Source: MichRIC #24046346 Report a problem
2/21/2025	Contingent	$180,000$64/sqft
Source: MichRIC #24046346 Report a problem
12/16/2024	Listed for sale	$180,000$64/sqft
Source: MichRIC #24046346 Report a problem
9/16/2024	Listing removed	$180,000-10%$64/sqft
Source: MichRIC #24046346 Report a problem
9/4/2024	Listed for sale	$200,000+207.7%$71/sqft
Source: MichRIC #24046346 Report a problem
2/6/2019	Sold	$65,000-7.1%$23/sqft
Source: Public Record Report a problem
5/18/2018	Listed for sale	$70,000+55.6%$25/sqft
Source: RE/MAX Modern Realty, Inc. #18021570 Report a problem
3/1/2017	Listing removed	$45,000$16/sqft
Source: Cressy & Everett Real Estate #16040025 Report a problem
2/14/2017	Listed for sale	$45,000$16/sqft
Source: Cressy & Everett Real Estate #16040025 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,518 +5%	$96,600 +17.2%
2024	$2,398	$82,400 +49%
2023	--	$55,300 +9.5%
2022	$2,185	$50,500 +6.5%
2021	--	$47,400 +25.7%
2020	$1,980 +2.3%	$37,700 +5.9%
2019	$1,935 +2.5%	$35,600 +0.8%
2018	$1,888 +1.7%	$35,300 -7.8%
2017	$1,856 +0.3%	$38,300 +4.9%
2016	$1,851 +94.1%	$36,500 +7%
2015	$954	$34,100
2014	--	$34,100 +4.9%
2013	--	$32,500 +5.9%
2012	--	$30,700