Discover an outstanding investment opportunity or house-hacking potential tucked peacefully between Niles and Dowagiac! Situated on a manageable 0.3-acre lot, this multi-family property currently features two spacious 2-bedroom, 1-bathroom units. Both units feature efficient layouts with comfortable living areas and steady rental potential. The property offers an additional lower-level footprint—presenting the opportunity to finish or convert into a 3rd unit (subject to local zoning & approvals) to significantly maximize cash flow. Enjoy the privacy of a peaceful country feel while remaining just minutes from M-51, downtown Niles, Dowagiac, and local lakes. Whether you are expanding your rental portfolio or looking to live in one unit while generating income from the rest, this property offers incredible versatility. Schedule your private showing today!
Active
Price cut: $5K (9/24)
$154,900
61194 Indian Lake Rd, Niles, MI 49120
4beds
2baths
--sqft
2 to 4 Units
Built in 1930
-- sqft lot
$151,400 Zestimate®
$--/sqft
$-- HOA
What's special
- 22 days
- 868
- 53
Zillow last checked:
Listing updated:
Listed by:
Tonja R Young 269-357-9964,
Compass Realty 269-605-3555
Source: MichRIC,MLS#: 26047437
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Radiant
Cooling
- None
Appliances
- Laundry: None
Features
- Basement: Full
Property
Parking
- Total spaces: 4
- Parking features: Driveway, Gravel
Lot
- Size: 0.31 Acres
- Dimensions: 200*69
Details
- Parcel number: 1411003149000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Brick
- Roof: Composition
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Available, Electricity Connected
Community & HOA
Location
- Region: Niles
Financial & listing details
- Tax assessed value: $35,765
- Annual tax amount: $1,544
- Date on market: 9/6/2026
- Listing terms: Cash,Conventional
- Tenant pays: None
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$151,400
$142,000 - $159,000
$1,088/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2026 | Price change | $154,900-3.1% |
Source: | ||
| 9/6/2026 | Listed for sale | $159,900 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,501 +6.1% | $87,600 -2.3% |
| 2024 | $1,414 +11.5% | $89,700 +24.9% |
| 2023 | $1,268 | $71,800 +21.5% |
| 2022 | -- | $59,100 +5.5% |
| 2021 | $1,211 -3.9% | $56,000 +5.1% |
| 2020 | $1,260 | $53,300 +2.1% |
| 2019 | $1,260 +322.4% | $52,200 +8.3% |
| 2018 | $298 +2.1% | $48,200 |
| 2017 | $292 +0.9% | $48,200 +22.6% |
| 2016 | $289 | $39,300 +15.2% |
| 2015 | -- | $34,100 -11.7% |
| 2011 | -- | $38,600 -6.8% |
| 2010 | -- | $41,400 |
Find assessor info on the county website
Monthly payment
Est. payment





