Sold
Last Sold Price
3,400 sqft
116 Oak Street, Ishpeming, MI 49849
Multi FamilyProperty Type
0.12 acresLot Size
1900Year Built
$7/sq ftPrice per sq ft

Description

Here is a unique opportunity to turn sweat equity into an awesome investment property! The building has 3 apartments (Apt A 2 bedroom 800 sq ft) (Apt B 3 bedroom 2 bath 1500 sq ft) (Apt C 3 bedroom 1100 sq ft). You could live in one and fix up the others. You could make an additional $1200 a month and have your investment paid back in 5+ years. Each apartment has an enclosed porch and a small yard area. Two of them need just a few touches before they are ready to make you money and one that is a...Here is a unique opportunity to turn sweat equity into an awesome investment property! The building has 3 apartments (Apt A 2 bedroom 800 sq ft) (Apt B 3 bedroom 2 bath 1500 sq ft) (Apt C 3 bedroom 1100 sq ft). You could live in one and fix up the others. You could make an additional $1200 a month and have your investment paid back in 5+ years. Each apartment has an enclosed porch and a small yard area. Two of them need just a few touches before they are ready to make you money and one that is a blank canvas that needs a handyman’s touch. After the owners purchased the building in 2011, they noticed many broken pipes so they have replaced plumbing lines throughout (new Pex hot and cold lines), new registers in each room, a new boiler, new water heater, and new exterior electric meter (along with upgraded panels for each apartment to 100 amp with Apt B at 200amp).
  • Listed by: JOE CAPUANA 906.869.3333 joe@greatlakesandland.com • GREAT LAKES & LAND OF MARQUETTE, INC.
Listing closed: 05/11/2018 12:00 AM • Source: MiRealSource, MLS#: 10071863

Recent comparable sales

Median sold price

$20,000

Avg days on market

236

Sale-to-list ratio

90.1%

Ishpeming, MI

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Location

Listing Courtesy of GREAT LAKES & LAND OF MARQUETTE, INC.

Sold By RE/MAX 1ST REALTY

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Payment Calculator

$273 per month

30 year fixed, 6.71% Interest

Principal and Interest

$129

Property Taxes

$144

HOA Dues

$0

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Property Information for 116 Oak Street

Property Details
  • MLS Type: Residential Income / Multi Family
  • Architectural Style: 2 Story
  • Has Waterfront: No
  • Zoning: GR
Building Information
  • Stories: 2
  • Residences: 3
  • Year Built: 1900
  • Lot Size: 0.12 AC / 5,227 SF
Summary
Location and General Information
  • Directions: SW corner of Oak and W. Ely Street
  • Latitude: 46.492354
  • Longitude: -87.671607
  • MLS Area Major: Ishpeming (52013)
  • Water Body Name: Lake Bancroft
Taxes and HOA
  • Parcel Number: 52-51-250-106-00
Property
Lot Information
  • Lot Size Acres: 0.12
  • Road Responsibility: Public Maintained Road
Property and Assessments
  • Above Grade Finished Area: 3400.0
  • Building Area Total: 3400.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1900
Building Features
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Cable Available, Electricity Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Porch
Interior Features
  • Basement: Full
  • Has Basement: Yes
  • Has Cooling: No
  • Heating: Hot Water, Electric, Natural Gas
  • Has Heating: Yes
  • Has Fireplace: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 3

Property History for 116 Oak Street

DateEvent & SourcePriceAppreciation
May 11, 2018

Sold

MiRealSource #10071863

$25,000
Apr 9, 2018

Contract Signed

MiRealSource #10071863

Apr 18, 2017

Listed (Active)

MiRealSource #10071863

$59,000
DateEvent & SourcePrice
05/11/2018

Sold

MiRealSource #10071863

$25,000
04/09/2018

Contract Signed

MiRealSource #10071863

04/18/2017

Listed (Active)

MiRealSource #10071863

$59,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 116 Oak Street

Taxable ValueLand-Additions-Total-
Tax Record2025$1,732 ($144 / month)
Home Facts
Beds8Baths3Total Finished SqFt3,912 SqFtAbove Grade Finished SqFt3,912 SqFtUnfinished Basement SqFt1,956 SqFtStories2Lot Size5,618 SqFtStyleSingle Family ResidenceYear Built1900Year Renovated1900ZoningGRCountyMARQUETTEAPN52-51-250-106-00

Schools near 116 Oak Street

This home is within Ishpeming Public School District No. 1.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Birchview School
PublicPK to 4

Ishpeming Middle School
Public5 to 8

Ishpeming High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 116 Oak Street, Ishpeming, MI 49849
$25,000
3,400
5,227
3
1
1,710
3,588
1
2,340
4,969
1
1,684
5,404
$55,000
3
1,600
1,306
1
2,875
10,094

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of GREAT LAKES & LAND OF MARQUETTE, INC.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.