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Backup Offers

424 N 4th St, Niles, MI, 49120

$239,000

Home List Price

$2,838*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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424 N 4th St, Niles$239,000

Buyer Closing Credits

$2,838*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarages
Year Built1910
HeatingNatural Gas, Forced Air
CoolingWindow Unit(s)
BasementYes
MLS #69024005920
Lot Size0.22 Acres
StatusAccepting Backup Offers

About 424 N 4th St

Exceptional Investment Opportunity in Downtown Niles, MI! This multi-family gem, located in the vibrant heart of downtown, offers a unique blend of character and financial promise. With all four units under solid 1-year leases, investors can enjoy immediate and reliable returns. The property generates an impressive gross profit of $3,400 per month, showcasing its lucrative potential. Recently upgraded with a new roof in 2023, this investment promises low maintenance costs and long-term value. Each unit has their own gas meter, furnace and water heater. Seize the chance to be part of the thriving real estate scene in Niles--secure your stake in this profitable, well-maintained 4-unit property today! *Each unit has 1 bedroom & 1 bathroom*

Property Details

Property Features

Property Information:

  • Year Built: 1910

Listing Office:

  • Office Name: IREP ERA Powered
  • Office Phone: (269) 684-5030
  • Listing Agent: Victoria Knight

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Cable Available

Exterior Features

Parking Information:

  • Parking: Garages

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Niles Senior High School, Public District Grades 9-12
  • Ring Lardner Middle School, Public District Grades 7-8
  • Ballard Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: HEAD WEST ON E. MAIN STREET. TURN RIGHT ONTO N. 4TH STREET. THIS MULTI-UNIT WILL BE ON THE LEFT SIDE JUST BEFORE CASS ST.

Price Information

Listing Price Info

Price Summary:

  • List Price: $239,000

Tax Information:

  • Annual Amount: $2,788
  • Tax Year: 2021
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Housing Market Comparison

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

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Niles, MI

City

Med. Sold Price

$181K

Med. Price/SqFt

$143

Avg. Days On Market

80

# of Sold Homes

36

424 N 4th St vs Niles

84 DAYS ON ROCKET

+4 Days

$239,000

+$58K More

KEY TAKEAWAY

This property is $58K more than the Median Sold Price in Niles, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Southwestern Michigan Association of REALTORS®
  • MLS Number: #69024005920

Listing Office:

  • Office Name: IREP ERA Powered
  • Office Phone: (269) 684-5030
  • Listing Agent: Victoria Knight

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 8:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 02, 2010Home Sold
$12,500

Tax History

YEARPROP. TAXASSESSMENT
2021$2,788$54,500
2020$2,749$51,000
2019$2,686$47,900
2018$2,696$46,600
2017$2,650$56,200

History based on county public records data.

Payment Calculator

$1,260

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$783

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NMLS#3030

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-2568255
5
/10

  • Ballard Elementary School

  • 1601 W Chicago Rd

  • 1.70 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2568256
4
/10

  • Ring Lardner Middle School

  • 801 N 17th St

  • 1.09 miles

  • Public District Grades 7-8

High School

school-card-donut-2568257
4
/10

  • Niles Senior High School

  • 1441 Eagle St

  • 0.79 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 $18,009. The majority of Niles, MI residents have income less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Berrien County›Niles›49120›424 N 4th St

This home is located at 424 N 4th St in Niles, MI and zip code 49120. This home, which was built in 1910, sits on a 0.22 acre lot. It has been listed on Rocket Homes since February 04, 2024 and is currently priced at $239,000.

Over 7 listings were sold over their listed price in March 2024 in Niles, MI. In the same period over 22 listings were sold below the listed price and 7 listings were sold for the listed price. The number of listings in Niles, MI decreased by 0.8% between February 2024 and March 2024. While the average time on the market in March 2024 was 80 days, the median list price was $181,000.

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

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