2868 Lewis Ave Ida, MI 48140
Ida NeighborhoodEstimated payment $1,400/month
About This Home
2868 Lewis Ave offers a six-unit multifamily investment positioned for steady income in a high-traffic corridor. The property features six separately rented units, providing a diversified rent roll and reduced vacancy risk. Current rents range from approximately $530 to $754 per unit, creating reliable monthly cash flow with upside potential as leases renew and market conditions allow. The location benefits from convenient access to major roadways, public transportation, and nearby services, supporting ongoing tenant demand. This asset is well-suited for investors seeking a stabilized multifamily property with scalable income and long-term portfolio value. Financial details available upon request.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1880
Home Design
- Slab Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 7 Full Bathrooms
Utilities
- Forced Air Heating System
- Separate Meters
Additional Features
- 2-Story Property
- 0.38 Acre Lot
Community Details
- 6 Units
- Van Atkins Subdivision
Listing and Financial Details
- Assessor Parcel Number 08-003-033-10
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,127 | $103,400 | $9,950 | $93,450 |
| 2024 | $987 | $94,400 | $0 | $0 |
| 2023 | $940 | $83,200 | $0 | $0 |
| 2022 | $907 | $83,200 | $0 | $0 |
| 2021 | $5,489 | $85,200 | $0 | $0 |
| 2020 | $6,904 | $80,000 | $0 | $0 |
| 2019 | $6,646 | $80,000 | $0 | $0 |
| 2018 | $6,691 | $63,000 | $0 | $0 |
| 2017 | $6,655 | $121,660 | $0 | $0 |
| 2016 | $6,765 | $59,800 | $0 | $0 |
| 2015 | $6,942 | $60,000 | $0 | $0 |
| 2014 | $6,904 | $60,000 | $0 | $0 |
| 2013 | -- | $67,450 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/02/2026 01/02/26 | For Sale | $250,000 | -28.6% | $59 / Sq Ft |
| 12/26/2025 12/26/25 | Pending | -- | -- | -- |
| 12/17/2025 12/17/25 | For Sale | $350,000 | -- | $83 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | $177,558 | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $130,000 | Devon Title Agency | |
| Deed | $126,000 | -- | |
| Deed | $105,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $140,000 | Purchase Money Mortgage | |
| Previous Owner | $84,000 | Commercial |
Source: Michigan Multiple Listing Service
MLS Number: 50196241
APN: 08-003-033-10
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Source MLS: MiRealSource
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