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Sold
  • $360,000

    47 S 3rd St, Niles, MI 49120

    5beds
    3baths
    2,614sqft
    2 to 4 Units
    Built in 1918
    -- sqft lot
    $378,200 Zestimate®
    $138/sqft
    $1,206 Estimated rent

    Home value

    $378,200

    $325,000 - $442,000

    $1,206/mo

    Zestimate® history
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    $1,206/mo

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    $1,206/mo

    Rent Zestimate®

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    $2,268/mo

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    $2,268/mo

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    What's special

    Third floor blank canvasFront porchCoin-operated laundryNew windowsTwo water heaters
    This fully remodeled 3-unit property in the City of Niles is turnkey and ready for its next owner. It offers two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all updated with new electric, new windows, plumbing, and HVAC plus a 2-zone system for efficiency. The front porch is newly rebuilt to enjoy throughout the year. Features include two water heaters, coin-operated laundry in the basement for added income, and a third floor blank canvas for expansion, storage, or office space. With projected monthly income of $3,800-$4,400 and the flexibility of being vacant, the new owner can create their own rental model from the start. Located near downtown shops, dining, and community attractions, this is a prime opportunity for investors seeking cash flow in a growing market.

    Zillow last checked:

    Listing updated:

    Listed by:

    Catherine Waggoner 269-845-0316,

    CK Home Group

    Bought with:

    Ryan F Katowich, 6502433066

    Realty Executives Instant Equity

    Source: MichRIC,MLS#: 25045667MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Laundry: In Basement, See Remarks
    Features
    • Basement: Full
    Interior area
    • Total interior livable area: 2,614 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Driveway, Gravel
    Lot
    • Size: 7,840 sqft
    • Dimensions: 66 x 118
    • Features: Sidewalk
    Details
    • Parcel number: 117327000042005

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Wood Siding
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1918

    Utilities & green energy

    • Utilities for property: Phone Available, Cable Available, Natural Gas Connected

    Community & neighborhood

    Location
    • Region: Niles

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    11/6/2025Sold$360,000-6.5%$138/sqft
    Source: MichRIC #25045667 Report a problem
    9/16/2025Contingent$385,000$147/sqft
    Source: MichRIC #25045667 Report a problem
    9/5/2025Listed for sale$385,000+3750%$147/sqft
    Source: MichRIC #25045667 Report a problem
    3/5/2024Sold$10,000$4/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$699 -19%$19,200 +11.6%
    2024$863 $17,200 +43.3%
    2023-- $12,000 +8.1%
    2022$604 $11,100 +5.7%
    2021-- $10,500 -57%
    2020$946 +2.3%$24,400 +5.6%
    2019$924 +2.5%$23,100 +39.2%
    2018$902 +1.7%$16,600 -5.1%
    2017$886 -35.2%$17,500 +11.5%
    2016$1,367 +90.6%$15,700 -41.2%
    2015$717 $26,700 +1.9%
    2014-- $26,200 +7.4%
    2013-- $24,400 +5.6%
    2012-- $23,100 -23.8%
    2011-- $30,300

    Find assessor info on the county website

    Neighborhood: 49120

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $378,200
    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
    $378,200