$125,000

115 Chestnut St Munising, MI 49862

Estimated payment $796/month

Total Views 3,169
4 Beds
2 Baths
1,662 Sq Ft
$75 Price per Sq Ft

Highlights

  • Deck
  • Property is near schools
  • Forced Air Heating System

About This Home

Duplex in the heart of Munising! Live in one unit and rent out the other or a potential cash flow opportunity. Buy it with 113 Chestnut! The 4 beds, 2 bathrooms, are split between the upper and lower unit. The upstairs unit is well maintained with natural lighting. The living room is central and spacious. Parking is available in the back off the alley and is shared with 113 Chestnut. The lower unit also has 2 bedrooms. The opportunity to create equity with renovating and updating the space is here. Both units pull a positive cash flow and it's worth taking a look to see if this would be a good fit for someone looking to get into a home and pay part of their mortgage or looking to add a rental to their portfolio in this idyllic Lake Superior town.

Listing Agent

Kingsley Agassi

RE/MAX 1ST REALTY License #UPAR-6501450688 Listed on: 05/26/2026

RE/MAX 1ST REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 33.40 x 117

Parking

  • 3 Car Parking Spaces

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Additional Features

  • Deck
  • Property is near schools

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 02-051-152-010-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Conventional Frame
  • Total Tax Amount: 2719.48
  • Total Tax Year: 2025
  • Year Built: 1890
  • Mail City: Munising
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Source of Sq Ft: Appraisal

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Deck
  • Foundation Type: Slab
  • Roads: City/County, Paved Street, Year Round

Garage/Parking

  • Garage Type: Additional Garage(s)
  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Electric
  • Fuel Type: Electric, Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 02-051-152-010-00
  • Location: Main Street, Walk To School
  • Lot Dimensions: 33.40 x 117
  • Acreage: 0.09
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Electric, Gas, Taxes, Water/Sewer
  • Lease Information: Electric Included, Gas Included, Heat Included, Water Included

Tax Info

  • Summer Tax: Year: 2025, Amount: $2,036.00
  • Winter Tax: Year: 2025, Amount: $683.48
  • Total Tax: Year: 2025, Amount: $2,719.48

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Munising Public Schools

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2026 06/29/26 For Sale $125,000 0.0% $75 / Sq Ft
06/09/2026 06/09/26 Pending -- -- --
05/26/2026 05/26/26 For Sale $125,000 +19.0% $75 / Sq Ft
07/04/2022 07/04/22 For Sale $105,000 0.0% $73 / Sq Ft
07/01/2022 07/01/22 Sold $105,000 +162.5% $73 / Sq Ft View Prior Sale
05/07/2022 05/07/22 Pending -- -- --
02/25/2020 02/25/20 Sold $40,000 +14.3% $28 / Sq Ft View Prior Sale
02/25/2020 02/25/20 For Sale $35,000 -- $24 / Sq Ft
01/12/2020 01/12/20 Pending -- -- --
Source: Upper Peninsula Association of REALTORS®

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50208888

Upper Peninsula Association of REALTORS®
Your Personal Tour Guide

Ask me questions while you tour the home.