12 days on rocket

420 Lake St, Ishpeming, MI, 49849

$195,000

Home List Price

$2,316*

Closing Credit

4 Bedrooms
3 Full Baths
2,374 SqFt
$82/SqFt
Multi
Schools Nearby

Location

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420 Lake St, Ishpeming$195,000

Buyer Closing Credits

$2,316*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Garage1 space
Year Built1890
HeatingHot Water
BasementYes
WaterfrontNone
ViewNone
MLS #50140040
Lot Size0.11 Acres
StatusActive
(Keep Showing-Contgcy Appl)

About 420 Lake St

This TRIPLEX & MULTI-FAMILY home is very well-maintained and functions as a successful investment property, featuring three units. Within walking distance to dining, shopping & the library in downtown Ishpeming as well as the Iron Ore Heritage Trail. Since 2021, the home had been newly painted on the exterior, has had recent electrical updates, a newer roof, and brand new windows on the second floor. There is plenty of parking space along with a 1-car, detached garage. Landlord pays all utilities. There are two meters. The apartments are situated as follows: Apt. #1 $1,250/mo. all utilities included, 2 bedrooms, 1 bathroom. Apt. #2 $1,000/mo. all utilities included, 1 bedroom, 1 bathroom. Apt. #3 $825/mo. all utilities included, 1 bedroom, 1 bathroom.

Property Details

Property Features

Property Information:

  • Year Built: 1890
  • Stories: 2
  • Living Area: 2,374 SqFt

Listing Office:

  • Office Name: SELECT REALTY
  • Office Phone: (906) 228-2772
  • Listing Agent: DON SCHINELLA

Interior Features

Interior Information:

  • Appliances: Range, Oven, Refrigerator, Washer
  • Basement: Yes
  • Interior: 9 ft + Ceilings, Hardwood Floors

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: None
  • View: None

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Hot Water

School Info

Assigned Schools Information:

  • Ishpeming High School, Public District Grades 9-12
  • Ishpeming Middle School, Public District Grades 5-8
  • Birchview School, Public District Grades KG-4

School District Information:

  • School District: Ishpeming Public School District

Other

Directions Information:

  • Directions: Going West on US 41, take a left on Lakeshore Dr. in Ishpeming. Continue straight to W. Euclid St. and turn left. Continue to Lake St. Home is on the corner of Lake St. and W. Euclid St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $195,000
  • Price Per SqFt: $82/SqFt

Agent Commission:

  • Buyer's Agent Commission: 3%
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Housing Market Comparison

See how this home compares to others in Ishpeming, MI.

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Ishpeming, MI

City

Med. List Price

$189.9K

Med. Price/SqFt

$110

Avg. Days On Market

50

# of Sold Homes

6

420 Lake St vs Ishpeming

12 DAYS ON ROCKET

-38 Days

$195,000

+$5.1K More

$82/SqFt

-$28 Less

KEY TAKEAWAY

This property is $5.1K more than the Median List Price and $28/SqFt less than other homes in Ishpeming, MI.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Upper Peninsula Assoc of Realtors
  • MLS Number: #50140040

Listing Office:

  • Office Name: SELECT REALTY
  • Office Phone: (906) 228-2772
  • Listing Agent: DON SCHINELLA

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2024 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/8/2024, 5:20:43 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,041

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$651

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-8804098
7
/10

  • Birchview School

  • 663 Poplar St

  • 1.37 miles

  • Public District Grades KG-4

Middle School

school-card-donut-8804099
4
/10

  • Ishpeming Middle School

  • 324 E Pearl St

  • 0.32 miles

  • Public District Grades 5-8

High School

school-card-donut-8804100
5
/10

  • Ishpeming High School

  • 319 E Division St

  • 0.35 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,962. Typical income of Ishpeming, MI residents is less than $35k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Marquette County›Ishpeming›49849›420 Lake St

This home is located at 420 Lake St in Ishpeming, MI and zip code 49849. This 2,374 square foot home, which was built in 1890, sits on a 0.11 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $195,000.

The number of homes for sale in Ishpeming, MI increased by 118.2% between March 2024 and April 2024. In April 2024 median list price was $189,900 and the average listing age was 50 days.

From Rocket Homes Real Estate and based on county public records data.

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