Discover this multi-unit investment property in Bear Lake, Michigan, featuring a substantial lot spanning nearly 75,000 square feet. This 2 to 4 unit property presents an excellent opportunity for investors seeking to diversify their real estate portfolio with multiple revenue streams. The generous land size provides flexibility for future development or expansion considerations. Positioned in the Bear Lake area, this property offers potential for long-term appreciation and sustained income generation. Whether you're an experienced investor or expanding your holdings, this multi-unit offering warrants serious consideration.
Active
$389,900
7378 Chief Rd, Kaleva, MI 49645
8beds
4baths
--sqft
2 to 4 Units
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Generous land size
- 70 days
- 145
- 2
Zillow last checked:
Listing updated:
Listed by:
Brenda Cronan 231-794-1777,
Coldwell Banker ALM REALTY 231-723-3555
Source: MichRIC,MLS#: 26034564
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air, Hot Water
Cooling
- None
Appliances
- Laundry: Main Level
Features
- Basement: Crawl Space,Michigan Basement
Property
Parking
- Total spaces: 6
- Parking features: Driveway, Gravel, Unpaved
Accessibility
- Accessibility features: Covered Entrance
Lot
- Size: 1.72 Acres
- Dimensions: 150 x 308
- Features: Level
Details
- Parcel number: 0203440007
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Block, Wood Siding, Other
- Roof: Other,Composition,Rubber
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Septic Tank
- Water: Private
- Utilities for property: Electricity Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Kaleva
Financial & listing details
- Tax assessed value: $53,512
- Annual tax amount: $2,555
- Date on market: 7/8/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Listed for sale | $389,900 |
Source:  MichRIC #26034564 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,088 +127.6% | $173,800 +16.1% |
| 2024 | $2,235 | $149,700 +30.7% |
| 2023 | -- | $114,500 +21.7% |
| 2022 | -- | $94,100 +10.4% |
| 2021 | -- | $85,200 +6.5% |
| 2020 | -- | $80,000 +2.3% |
| 2019 | -- | $78,200 +16.2% |
| 2018 | -- | $67,300 +32% |
| 2017 | -- | $51,000 +3.2% |
| 2016 | -- | $49,400 +3.3% |
| 2015 | -- | $47,800 +1.9% |
| 2014 | -- | $46,900 +2.2% |
| 2013 | -- | $45,900 +2.7% |
| 2012 | -- | $44,700 -3.9% |
| 2011 | -- | $46,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 49645
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