Seller's Agent in 2025
Jonathan Lum
EXIT Realty Home Partners
(517) 798-6264
1 in this area
235 Total Sales
120 E Elm St Lansing, MI 48910
Reo Town Neighborhood
--
Bed
--
Bath
2,048
Sq Ft
2,352
Sq Ft Lot
Highlights
- Craftsman Architecture
- Private Yard
- Wood Frame Window
- Wood Flooring
- Covered Patio or Porch
- 3-minute walk to Riverpoint Park
About This Home
As of August 2025INCREDIBLE INVESTMENT OPPORTUNITY in the heart of REO Town! Don't miss your chance to add this fully occupied 4-unit, 2-story home to your portfolio! This charming craftsman era home consists of two 1-bedroom and 2-studio apartments. Covered back porch and fenced back yard shared between lower units. Two attached 10' x 18' storage sheds. This home offers separate gas meters and furnaces for each unit, as well as two electric meters and two water meters. Full tearoff & new roof - 2021. City of Lansing Rental Certificate renewed through 6/1/2026. Located just moments from all the shops and amenities of REO Town and the Lansing River Trail. Quick I-496 access for easy commuting. Minutes from downtown and MSU.
Last Agent to Sell the Property
EXIT Realty Home Partners License #6502412954 Listed on: 05/18/2025
Co-Listed By
HPR Team
EXIT Realty Home Partners
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 2,352 Sq Ft Lot
- Lot Dimensions are 53.5x44
- Wood Fence
- Level Lot
- Private Yard
- Back Yard
Home Design
- Craftsman Architecture
- Block Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,048 Sq Ft Home
- 2-Story Property
- Wood Frame Window
- Fire and Smoke Detector
Flooring
- Wood
- Tile
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 2 Parking Spaces
- Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Covered Patio or Porch
- Rain Gutters
Location
- City Lot
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Cable TV Available
Listing and Financial Details
- Total Actual Rent $23,400
Community Details
Overview
- 4 Units
- Sparrows Subdivision
Building Details
- Water Sewer Expense $4,218
- New Taxes Expense $5,585
- Net Operating Income $14,377
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 18, 2025
Closed on
Aug 13, 2025
Sold by
Reo Flats Llc
Bought by
Tedeschi Elizabeth
Seller's Agent
Jonathan Lum
EXIT Realty Home Partners
Buyer's Agent
Brianna Alexander-Alston
Good Company Realty
List Price
$225,000
Sold Price
$212,000
Premium/Discount to List
-$13,000
-5.78%
Views
52
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.41%
Purchase Details
Closed on
Aug 26, 2021
Sold by
Walilko Andrej
Bought by
Reo Flats Llc
Purchase Details
Listed on
Mar 29, 2021
Closed on
Mar 29, 2021
Sold by
Kyland Property Management Llc
Bought by
Walilko Andrej
Seller's Agent
Jill Powell
1st Choice Real Estate
Buyer's Agent
Bradley Hillard
1st Choice Real Estate
List Price
$119,900
Sold Price
$127,500
Premium/Discount to List
$7,600
6.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.00%
Original Mortgage
$102,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 20, 2013
Sold by
Clark Paul D and Clark Betty L
Bought by
Kyland Property Management Llc
Purchase Details
Closed on
Oct 21, 2008
Sold by
Clark Paul D and Clark Betty L
Bought by
Kyland Property Management Llc
Purchase Details
Closed on
Apr 10, 2008
Sold by
Walker William
Bought by
Clark Paul D and Clark Betty L
Purchase Details
Closed on
Oct 29, 2004
Sold by
Clark Paul D and Clark Betty L
Bought by
Walker William
Purchase Details
Closed on
Dec 23, 1974
Bought by
Clark Paul D and Clark Betty L
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $212,000 | Red Cedar Title Agency | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $127,500 | Ata National Title Group Llc | |
| Warranty Deed | $75,900 | None Available | |
| Land Contract | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Land Contract | -- | Tri Title | |
| Warranty Deed | $29,450 | Tri Title | |
| Warranty Deed | $29,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $102,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/13/2025 08/13/25 | Sold | $212,000 | -5.8% | $104 / Sq Ft | |
| 07/08/2025 07/08/25 | Pending | -- | -- | -- | |
| 05/18/2025 05/18/25 | For Sale | $225,000 | +76.5% | $110 / Sq Ft | |
| 03/31/2021 03/31/21 | Sold | $127,500 | +6.3% | $62 / Sq Ft | View Prior Sale |
| 03/29/2021 03/29/21 | Pending | -- | -- | -- | |
| 03/29/2021 03/29/21 | Price Changed | $119,900 | 0.0% | $59 / Sq Ft | |
| 02/14/2021 02/14/21 | Pending | -- | -- | -- | |
| 02/06/2021 02/06/21 | For Sale | $119,900 | -- | $59 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,585 | $66,800 | $3,100 | $63,700 |
| 2024 | $44 | $70,900 | $3,100 | $67,800 |
| 2023 | $5,266 | $59,900 | $3,100 | $56,800 |
| 2022 | $4,912 | $58,200 | $2,300 | $55,900 |
| 2021 | $2,485 | $31,500 | $2,800 | $28,700 |
| 2020 | $2,464 | $28,700 | $2,800 | $25,900 |
| 2019 | $2,362 | $26,900 | $2,800 | $24,100 |
| 2018 | $2,256 | $25,500 | $2,800 | $22,700 |
| 2017 | $2,164 | $25,500 | $2,800 | $22,700 |
| 2016 | $2,097 | $25,000 | $2,800 | $22,200 |
| 2015 | $2,097 | $24,000 | $5,678 | $18,322 |
| 2014 | $2,097 | $23,900 | $5,678 | $18,222 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Lum
-
H
Seller Co-Listing Agent in 2025
HPR Team
EXIT Realty Home Partners
-
Brianna Alexander-Alston
B
Buyer's Agent in 2025
Brianna Alexander-Alston
Good Company Realty
(517) 706-9294
1 in this area
39 Total Sales
-
J
Seller's Agent in 2021
Jill Powell
1st Choice Real Estate
-
Bradley Hillard
B
Seller Co-Listing Agent in 2021
Bradley Hillard
1st Choice Real Estate
(517) 410-6750
1 in this area
67 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 287946
APN: 01-01-21-257-175
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IDX information is provided exclusively for Consumers'
personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2025 Greater Lansing Association of REALTORS®
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