231 W 7th St Monroe, MI 48161
Southwest Monroe NeighborhoodEstimated payment $995/month
Highlights
- Corner Lot
- Porch
- Ceiling Fan
- Balcony
- Forced Air Heating System
About This Home
Turnkey duplex with projected gross rental income of approximately **$23,400 per year ($1,950/month)**. Both units are vacant, giving the new owner the opportunity to immediately place tenants at market rents or owner occupy one unit while generating rental income from the other. **Immediate possession means you can begin generating rental income without waiting for existing leases to expire.** Fresh paint, new carpet, and numerous updates make this property move-in and rent-ready. Separate gas and electric meters simplify tenant utility responsibilities. The spacious lower unit includes exclusive access to the full basement, while the upper 2-bedroom unit features an oversized attic offering exceptional storage space.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1903
Lot Details
- 6,098 Sq Ft Lot
- Corner Lot
Parking
- On-Street Parking
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Basement
- Block Basement Construction
- Oven or Range
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Balcony
- Porch
Utilities
- Forced Air Heating System
- Separate Meters
- Gas Water Heater
Community Details
- 2 Units
- Curtis & Wilson Monroe City Subdivision
Listing and Financial Details
- Assessor Parcel Number 55-29-00026-001
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 | $2,037 | $64,100 | $64,100 | $0 |
| 2024 | $1,738 | $62,000 | $0 | $0 |
| 2023 | $3,130 | $50,420 | $0 | $0 |
| 2022 | $3,130 | $50,420 | $0 | $0 |
| 2021 | $2,853 | $46,030 | $0 | $0 |
| 2020 | $2,322 | $40,730 | $0 | $0 |
| 2019 | $2,225 | $40,730 | $0 | $0 |
| 2018 | $2,166 | $36,630 | $0 | $0 |
| 2017 | $2,122 | $36,630 | $0 | $0 |
| 2016 | $2,153 | $37,580 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|
| 07/30/2026 07/30/26 | Price Changed | $149,900 | -9.1% | $92 / Sq Ft | |
| 07/21/2026 07/21/26 | Price Changed | $164,900 | -2.9% | $101 / Sq Ft | |
| 07/07/2026 07/07/26 | Price Changed | $169,900 | -5.6% | $104 / Sq Ft | |
| 06/27/2026 06/27/26 | For Sale | $179,900 | +133.6% | $110 / Sq Ft | |
| 10/16/2020 10/16/20 | Sold | $77,000 | -9.3% | $47 / Sq Ft | View Prior Sale |
| 10/09/2020 10/09/20 | Pending | -- | -- | -- | |
| 09/30/2020 09/30/20 | Price Changed | $84,900 | -5.6% | $52 / Sq Ft | |
| 09/08/2020 09/08/20 | For Sale | $89,900 | 0.0% | $55 / Sq Ft | |
| 09/02/2020 09/02/20 | Pending | -- | -- | -- | |
| 08/18/2020 08/18/20 | For Sale | $89,900 | 0.0% | $55 / Sq Ft | |
| 07/07/2020 07/07/20 | Pending | -- | -- | -- | |
| 05/06/2020 05/06/20 | For Sale | $89,900 | 0.0% | $55 / Sq Ft | |
| 04/28/2017 04/28/17 | Rented | $600 | +4.3% | -- | |
| 04/17/2017 04/17/17 | For Rent | $575 | 0.0% | -- | |
| 10/09/2015 10/09/15 | Sold | $54,000 | -32.4% | $33 / Sq Ft | View Prior Sale |
| 09/15/2015 09/15/15 | Pending | -- | -- | -- | |
| 04/08/2015 04/08/15 | For Sale | $79,900 | -- | $49 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $588,000 | None Listed On Document | |
| Quit Claim Deed | -- | Devon Title | |
| Warranty Deed | $77,000 | Lawyers Title | |
| Warranty Deed | $54,000 | First American Title Ins Co |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $622,400 | New Conventional | |
| Previous Owner | $295,200 | Purchase Money Mortgage |
Source: Michigan Multiple Listing Service
MLS Number: 50213050
APN: 55-29-00026-001
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Source MLS: MiRealSource
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