Welcome to this hot investment opportunity! Presenting a well-maintained and income-generating duplex with one tenant already in place. The second unit could be owner occupied or rented out for additional income opportunities. This property promises not only a comfortable and convenient living arrangement for occupants but also instant and consistent cash flow, making it an ideal turnkey investment for those looking to maximize returns from day one. Nestled in a sought-after neighborhood, this duplex is strategically located. Whether you're a seasoned investor or a first-time buyer, this property offers a range of possibilities to suit your goals. Don't miss out on this rare opportunity to own a duplex with a proven track record of rental success.
Sold
$215,000
545 N Ivanhoe Ave, Ypsilanti, MI 48198
2beds
1baths
--sqft
2 to 4 Units
Built in 1958
-- sqft lot
$239,400 Zestimate®
$--/sqft
$1,359 Estimated rent
Home value
$239,400
$225,000 - $254,000
$1,359/mo
Zestimate® history
Owner options
List your home for rent
$1,359/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,359/mo
Rent Zestimate®
Refinance and save
$1,530/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,530/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Erin Galinac 734-219-2273,
Keller Williams Ann Arbor Mrkt
Bought with:
Jacob Sandoval
Source: MichRIC,MLS#: 23144289
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Forced Air
Features
- Basement: Crawl Space,Slab
Property
Parking
- Total spaces: 4
Lot
- Size: 0.3 Acres
- Dimensions: 100' x 130'
Details
- Parcel number: K1103480010
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Brick
- Roof: Composition
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Ypsilanti
Financial & listing details
- Tax assessed value: $51,904
- Annual tax amount: $3,376
- Date on market: 12/8/2023
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Water, Sewer, Gas
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 1/17/2024 | Sold | $215,000-6.5% |
Source:  MichRIC #23144289 Report a problem | ||
| 12/17/2023 | Pending sale | $230,000 |
Source: MichRIC #23144289 Report a problem | ||
| 12/8/2023 | Listed for sale | $230,000+184% |
Source: MichRIC #23144289 Report a problem | ||
| 5/29/2015 | Sold | $81,000+35% |
Source: Public Record Report a problem | ||
| 2/26/2008 | Sold | $60,000-44.8% |
Source: Public Record Report a problem | ||
| 3/1/2007 | Sold | $108,770 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,318 | $96,300 +8.7% |
| 2024 | -- | $88,600 +15.8% |
| 2023 | -- | $76,500 +8.1% |
| 2022 | -- | $70,800 +3.2% |
| 2021 | -- | $68,600 +24.3% |
| 2020 | -- | $55,200 +1.3% |
| 2019 | -- | $54,500 +5.8% |
| 2018 | -- | $51,500 +16.3% |
| 2017 | $2,754 | $44,300 +0.2% |
| 2016 | $2,754 -14.2% | $44,200 -5.3% |
| 2015 | $3,210 | $46,657 +3.2% |
| 2014 | $3,210 | $45,200 |
| 2013 | $3,210 | $45,200 -1.1% |
| 2012 | -- | $45,700 -1.3% |
| 2011 | -- | $46,300 -19.4% |
| 2010 | -- | $57,427 -0.3% |
| 2009 | -- | $57,600 +37.2% |
| 2008 | -- | $41,986 +2.3% |
| 2007 | -- | $41,043 -50.4% |
| 2005 | -- | $82,700 +10.9% |
| 2004 | -- | $74,600 +1.5% |
| 2003 | -- | $73,500 +12.2% |
| 2002 | $2,071 +58.7% | $65,500 +5.8% |
| 2001 | $1,305 | $61,900 +8% |
| 2000 | -- | $57,300 |
| 1999 | -- | -- |
Find assessor info on the county website
Neighborhood: 48198
Nearby homes
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- $228,0004 bd3 ba2.1k sqft611 N Ivanhoe Ave, Ypsilanti, MI 48198Sold
Nearby schools
GreatSchools rating
- 2/10Holmes Elementary Learning CenterGrades: K-6Distance: 0.5 mi
- 2/10Ypsilanti Community Middle SchoolGrades: 5-8Distance: 1 mi
- 2/10AC Tech High SchoolGrades: 9-12Distance: 3 mi
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Estimated market value
$239,400
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
$239,400
- Michigan
- Washtenaw County
- Ypsilanti
- 48198
- 545 N Ivanhoe Ave
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Nearby neighborhoods
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