1521 Electric Avenue
Lincoln Park, MI 48146
Multi Family · MLS # 20261049506 · Listing courtesy of Century 21 Curran & Oberski
About this home
8 unit apartment building, 2 separate buildings with 4 (one) bedroom units in each building, each unit consists of living room, kitchen, bedroom & bathroom, on-site laundry available, large parking lot shared between buildings, 90% tenant occupied, nice curb appeal, all data apx.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Lincoln Park
Over the last 90 days, 104 homes sold in Lincoln Park for a median of $165,000, about $114 per square foot, and the typical one went under contract in 11 days. This home is listed at $745,000, or $136 per square foot, 19% above the city median, and has been on the market 71 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Lincoln Park sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $4,446 a year. A buyer who lives here would pay about $3,313 to $19,850 a year once the taxable value resets after the sale, at the 2025 homestead rate of 52.76 mills for Lincoln Park City and Lincoln Park schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Lincoln Park
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