Sold
Last Sold Price
1,596 sqft

503 East Ridge Street, Ishpeming, MI 49849

Multi FamilyProperty Type
0.19 acresLot Size
1868Year Built
$55/sq ftPrice per sq ft
2 carsParking Spaces

Description

Great investment opportunity! Upper and lower units produce a combined rent of $1,095.00 per month. The upper unit is a 1 bedroom 1 bath and the lower unit is a 2 bedroom 1 bath. The full basement has two laundry hookups and one washer and dryer set to be included. There is a spacious yard and a two car detached garage. This property has been certified with the City of Ishpeming's rental department. Both units are in nice condition. The fridge and stove on the second floor are included. Great rental...Great investment opportunity! Upper and lower units produce a combined rent of $1,095.00 per month. The upper unit is a 1 bedroom 1 bath and the lower unit is a 2 bedroom 1 bath. The full basement has two laundry hookups and one washer and dryer set to be included. There is a spacious yard and a two car detached garage. This property has been certified with the City of Ishpeming's rental department. Both units are in nice condition. The fridge and stove on the second floor are included. Great rental history in a nice location.
Listing closed: 12/29/2021 12:00 AM • Source: MiRealSource, MLS#: 10072587
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Location

Listing Courtesy of RE/MAX 1ST REALTY

Sold By EXP REALTY LLC

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Payment Calculator

$624 per month

30 year fixed, 7.03% Interest

Principal and Interest

$470

Property Taxes

$154

HOA Dues

$0

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Property Information for 503 East Ridge Street

Property Details

  • MLS Type: Residential Income / Multi Family
  • Architectural Style: 2 Story
  • Has Waterfront: No
  • Zoning: GR

Building Information

  • Stories: 2
  • Residences: 2
  • Year Built: 1868
  • Lot Size: 0.19 AC / 8,276 SF

Summary

Location and General Information
  • Directions: US41 W, South on Third St, left on Ridge St. Property on left.
  • Latitude: 46.49167498
  • Longitude: -87.663554
  • MLS Area Major: Ishpeming (52013)
Taxes and HOA
  • Parcel Number: 52-51-305-022-00
  • Tax Year: 2021
Parking
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached

Property

Lot Information
  • Lot Size Acres: 0.19
  • Road Responsibility: Public Maintained Road
Property and Assessments
  • Above Grade Finished Area: 1596.0
  • Building Area Total: 1596.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1868
Building Features
  • Construction Materials: Aluminum Siding
  • 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: Forced Air, Electric, Natural Gas
  • Has Heating: Yes
  • Has Fireplace: No

Multi Family

Multi Family Information
  • Number Of Units Total: 2

Property History for 503 East Ridge Street

DateEvent & SourcePriceAppreciation
Dec 29, 2021

Sold

MiRealSource #10072587

$88,000—
Nov 3, 2021

Contract Signed

MiRealSource #10072587

—
Sep 17, 2021

Listed (Active)

MiRealSource #10072587

$94,900—
DateEvent & SourcePrice
12/29/2021

Sold

MiRealSource #10072587

$88,000
11/03/2021

Contract Signed

MiRealSource #10072587

—
09/17/2021

Listed (Active)

MiRealSource #10072587

$94,900

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

Public Records for 503 East Ridge Street

Taxable Value

Land

-

Additions

-
Total-

Tax Record

2025

$1,850 ($154 / month)

Home Facts

Beds

2

Baths

2

Total Finished SqFt

1,610 SqFt

Above Grade Finished SqFt

1,610 SqFt

Unfinished Basement SqFt

672 SqFt

Stories

1

Lot Size

8,625 SqFt

Style

Single Family Residence

Year Built

1868

Year Renovated

1868

Zoning

GR

County

MARQUETTE

APN

52-51-305-022-00

Schools near 503 East Ridge 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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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 RE/MAX 1ST REALTY

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.