Exceptional Investment Opportunity in Downtown Niles, MI! This multi-family gem, located in the vibrant heart of downtown, offers a unique blend of character and financial promise. With all four units under solid 1-year leases, investors can enjoy immediate and reliable returns. The property generates an impressive gross profit of $3,400 per month, showcasing its lucrative potential. Recently upgraded with a new roof in 2023, this investment promises low maintenance costs and long-term value. Each unit has their own gas meter, furnace and water heater. Seize the chance to be part of the thriving real estate scene in Niles—secure your stake in this profitable, well-maintained 4-unit property today! *Each unit has 1 bedroom & 1 bathroom*
Sold
$237,000
424 N 4th St, Niles, MI 49120
4beds
4baths
2,648sqft
2 to 4 Units
Built in 1910
-- sqft lot
$269,700 Zestimate®
$90/sqft
$1,358 Estimated rent
Home value
$269,700
$248,000 - $294,000
$1,358/mo
Zestimate® history
Owner options
List your home for rent
$1,358/mo
Rent Zestimate®
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$1,358/mo
Rent Zestimate®
Refinance and save
$1,583/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,583/mo
Est. payment
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List your homeWhat's special
New roofVibrant heart of downtown
Zillow last checked:
Listing updated:
Listed by:
Victoria Knight 269-635-4425,
IREP ERA Powered
Bought with:
Micah D Lynch, 6501451724
Grand Rapids Realty & Investments LLC
Source: MichRIC,MLS#: 24005920
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Window Unit(s)
Features
- Basement: Crawl Space,Michigan Basement
Interior area
- Total interior livable area: 2,648 sqft
Property
Parking
- Total spaces: 1
Lot
- Size: 9,583 sqft
- Dimensions: 72 x 132
- Features: Level, Sidewalk, Corner Lot
Details
- Parcel number: 117231100026000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Aluminum Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Community & neighborhood
Location
- Region: Niles
Other
Other facts
- Listing terms: Cash,Conventional,Tax Def Exchange
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/3/2024 | Sold | $237,000-0.8%$90/sqft |
Source:  MichRIC #24005920 Report a problem | ||
| 3/11/2024 | Contingent | $239,000$90/sqft |
Source: MichRIC #24005920 Report a problem | ||
| 2/4/2024 | Listed for sale | $239,000+21.3%$90/sqft |
Source: MichRIC #24005920 Report a problem | ||
| 7/19/2022 | Sold | $197,000-1.5%$74/sqft |
Source: Public Record Report a problem | ||
| 5/23/2022 | Contingent | $199,900$75/sqft |
Source: MichRIC #21118130 Report a problem | ||
| 5/17/2022 | Listed for sale | $199,900$75/sqft |
Source: MichRIC #21118130 Report a problem | ||
| 5/13/2022 | Contingent | $199,900$75/sqft |
Source: MichRIC #21118130 Report a problem | ||
| 2/21/2022 | Listed for sale | $199,900+5.3%$75/sqft |
Source: MichRIC #21118130 Report a problem | ||
| 2/5/2022 | Contingent | $189,900$72/sqft |
Source: MichRIC #21118130 Report a problem | ||
| 12/17/2021 | Listed for sale | $189,900$72/sqft |
Source: MichRIC #21118130 Report a problem | ||
| 12/16/2021 | Contingent | $189,900$72/sqft |
Source: MichRIC #21118130 Report a problem | ||
| 12/13/2021 | Listed for sale | $189,900$72/sqft |
Source: MichRIC #21118130 Report a problem | ||
| 10/20/2021 | Listing removed | -- |
Source: MichRIC #21013136 Report a problem | ||
| 7/15/2021 | Price change | $189,900-2.6%$72/sqft |
Source: MichRIC #21013136 Report a problem | ||
| 6/8/2021 | Price change | $194,900-2.1%$74/sqft |
Source: MichRIC #21013136 Report a problem | ||
| 4/20/2021 | Listed for sale | $199,000+60.5%$75/sqft |
Source: MichRIC #21013136 Report a problem | ||
| 9/28/2020 | Listing removed | $124,000$47/sqft |
Source: Bon Realty #19057035 Report a problem | ||
| 6/10/2020 | Price change | $124,000-3.9%$47/sqft |
Source: Bon Realty #19057035 Report a problem | ||
| 12/5/2019 | Listed for sale | $129,000+932%$49/sqft |
Source: Bon Realty, Inc. #19057035 Report a problem | ||
| 6/2/2010 | Sold | $12,500-82.1%$5/sqft |
Source: Public Record Report a problem | ||
| 7/6/2009 | Sold | $70,000$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,252 +4.8% | $137,900 +20.5% |
| 2024 | $3,102 | $114,400 +43.4% |
| 2023 | -- | $79,800 +36.9% |
| 2022 | $2,821 | $58,300 +7% |
| 2021 | -- | $54,500 +6.9% |
| 2020 | $2,749 +2.3% | $51,000 +6.5% |
| 2019 | $2,686 -0.4% | $47,900 +2.8% |
| 2018 | $2,696 +1.7% | $46,600 -17.1% |
| 2017 | $2,650 +0.3% | $56,200 +9.6% |
| 2016 | $2,643 +93.7% | $51,300 +3.8% |
| 2015 | $1,364 | $49,400 +8.1% |
| 2014 | -- | $45,700 -0.2% |
| 2013 | -- | $45,800 +7.5% |
| 2012 | -- | $42,600 -18.4% |
| 2011 | -- | $52,200 +9.9% |
| 2010 | -- | $47,500 -6.3% |
| 2009 | -- | $50,700 -15.2% |
| 2008 | -- | $59,800 +4.4% |
| 2007 | -- | $57,300 -1.9% |
| 2006 | -- | $58,400 +2.5% |
| 2005 | -- | $57,000 +4.2% |
| 2004 | -- | $54,700 +0.9% |
| 2003 | -- | $54,200 +4.4% |
| 2002 | -- | $51,900 +5.9% |
| 2001 | -- | $49,000 |
Find assessor info on the county website
Neighborhood: 49120
Nearby schools
GreatSchools rating
- NANorthside Child Development CenterGrades: PK-KDistance: 1.1 mi
- 6/10Ring Lardner Middle SchoolGrades: 6-8Distance: 1.2 mi
- 7/10Niles Senior High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$269,700
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
$269,700
- Michigan
- Berrien County
- Niles
- 49120
- 424 N 4th St
Nearby cities
Nearby zip codes
Other Niles Topics
