Skip main navigation
For sale
  • Price cut: $10K (7/11)
    $215,000

    957 Park Ave, Lincoln Park, MI 48146

    4beds
    1,845sqft
    : 
    $1,711/mo
    Get pre-qualified
    Multi Family
    Built in 1924
    -- sqft lot
    $214,000 Zestimate®
    $117/sqft
    $-- HOA

    What's special

    Exceptional investment opportunity featuring a fully occupied 4-unit multifamily property with an impressive 12.7% cap rate. Each of the four units offers a comfortable 1-bedroom, 1-bathroom layout, appealing to a broad range of tenants and helping maintain consistent occupancy. The property is currently occupied by long-term, reliable tenants, providing immediate and stable cash flow for the next owner. Situated in a convenient location with easy access to shopping, dining, transportation, and everyday amenities, this property offers both tenant appeal and investment security. The low-maintenance unit layouts and established rental history make this an ideal addition to an experienced investor’s portfolio or an excellent opportunity for those looking to enter the multifamily market. With strong income potential, dependable occupancy, and a proven track record of performance, this turnkey investment property presents an opportunity to acquire a cash-flowing asset from day one. Whether you're seeking portfolio growth, passive income, or a high-yield investment, this fully occupied four-unit property is one you won't want to miss.
    46 days
    |
    459
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Scott T Atkinson 313-721-6621,

    Concept Realty 313-721-6621

    Source: Realcomp II,MLS#: 20261047655MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Forced Air, Natural Gas
      Features
      • Basement: Unfinished
      • Has fireplace: No
      Interior area
      • Total interior livable area: 1,845 sqft
      • Finished area above ground: 1,845

      Property

      Features
      • Levels: One And One Half
      • Stories: 1.5
      • Pool features: None
      Lot
      • Size: 8,276 Square Feet
      • Dimensions: 75 x 108
      Details
      • Parcel number: 45008030223000
      • Zoning description: Residential
      • Special conditions: Short Sale No,Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Aluminum Siding
      • Foundation: Basement, Block
      Condition
      • New construction: No
      • Year built: 1924

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: SUBURBAN PARK SUB
      Location
      • Region: Lincoln Park

      Financial & listing details

      • Price per square foot: $117/sqft
      • Tax assessed value: $39,697
      • Annual tax amount: $2,839
      • Date on market: 6/25/2026
      • Cumulative days on market: 46 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional

        Estimated market value

        $214,000

        $203,000 - $225,000

        $1,251/mo

        Price history

        DateEventPrice
        7/11/2026Price change$215,000-4.4%$117/sqft
        Source: Realcomp II #20261047655 Report a problem
        6/30/2026Price change$225,000-4.3%$122/sqft
        Source: Realcomp II #20261047655 Report a problem
        6/25/2026Listed for sale$235,000-60.8%$127/sqft
        Source: Realcomp II #20261047655 Report a problem
        3/4/2024Listing removed--
        Source: Realcomp II #20240004912 Report a problem
        2/19/2024Price change$600,000-73.6%$325/sqft
        Source: Realcomp II #20240004912 Report a problem
        2/2/2024Listed for sale$2,275,000+15066.7%$1,233/sqft
        Source: Realcomp II #20240004912 Report a problem
        3/28/2012Sold$15,000+180.4%$8/sqft
        Source: MiRealSource #31087208 Report a problem
        1/12/2012Sold$5,350-58.8%$3/sqft
        Source: Public Record Report a problem
        10/25/2010Sold$13,000-66.7%$7/sqft
        Source: Public Record Report a problem
        9/8/2004Sold$39,000$21/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $82,100 +8.7%
        2024-- $75,500 +21.2%
        2023-- $62,300 +3%
        2022-- $60,500 +26.6%
        2021-- $47,800
        2020$2,427 $47,800 +16.3%
        2019-- $41,100 +24.2%
        2018-- $33,100 +7.5%
        2017-- $30,800 -3.1%
        2016$2,938 $31,800 +1.6%
        2015$2,938 -2.1%$31,300 -7.1%
        2013$3,000 +2.1%$33,700 -2.9%
        2012$2,938 $34,700 -25.4%
        2010-- $46,500 -18.4%
        2009-- $57,000 -8.7%
        2008-- $62,400 +5.1%
        2007-- $59,400 +5.7%
        2005$3,035 $56,200 +2.9%
        2003-- $54,600 +71.2%
        2001-- $31,886 +3.2%
        2000$2,110 $30,898
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 48146

        Getting around

        78 / 100
        Very Walkable
        53 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes