$140,000
UNDER CONTRACT

402 N Albany St Ironwood, MI 49938

Estimated payment $928/month

Total Views 2,097
5 Beds
2 Baths
1,972 Sq Ft
$71 Price per Sq Ft

Highlights

  • Deck
  • 1 Car Garage
  • Wood Siding
  • Corner Lot

About This Home

Investment or Owner-Occupant Opportunity! Don’t miss this opportunity to own a large, two-story home with potential! This versatile property currently features two separate units with private entrances, making it ideal for owner-occupants, investors, or multi-generational living. Interior staircase allows for a seamless transition for a single or multi family home. Unit 1 (Main Floor) offers 2 bedrooms, 1 full bath, a cozy enclosed front porch, and an eat-in kitchen. Unit 2 (Upper Level) includes 3 bedrooms, 1 bath, a bonus room ideal for a home office, craft room, playroom and an updated kitchen with new cabinets/butcher block counters. Several updates have been done along with 3 new electrical panels. A unique bonus space – the property includes a former neighborhood grocery store that’s been gutted and is ready for your vision! Use it as a workshop, garage, studio, home office, or convert it into additional living space. There’s also a large deck and a one-car attached garage. Set on a corner lot in a friendly, quiet neighborhood with new roads and sidewalks, the property is just minutes from walking and motorized trails and close to downtown and the Wisconsin border, offering easy access for outdoor recreation. Whether you’re looking for a dual rental income property, a spacious single-family conversion, or a place to live and work, this home may check those boxes!

Listing Agent

Gayle Colassaco

FIRST WEBER, INC License #UPAR Listed on: 07/02/2025

FIRST WEBER, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1895

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 79x108
  • Corner Lot

Parking

  • 1 Car Garage

Home Design

  • Poured Concrete
  • Wood Siding
  • Cedar

Interior Spaces

  • 2-Story Property
  • Basement
  • Stone Basement

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Boiler Heating System
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 52-22-301-160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,978

Year Built

Built in 1895

Lot Details

0

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: 1959
  • Year Built: 1895
  • Mail City: Ironwood
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Poured, Stone
  • Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Eat-In Kitchen
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 1972

Exterior Features

  • Construction: Cedar, Wood
  • Exterior Features: Deck
  • Frontage: 50
  • Foundation Type: Basement
  • Roads: City/County

Garage/Parking

  • Garage Type: Attached Garage, Detached Garage
  • Garage Spaces: 1
  • Parking: Garage

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Boiler
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 52-22-301-160
  • Location: Corner Lot
  • Lot Dimensions: 79x108
  • Acreage: 0.2
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2024, Amount: $1,779.00
  • Winter Tax: Year: 2022, Amount: $180.00
  • Taxable Value: 56644
  • Total Tax: Amount: $1,959.00
  • SEV Year: 2023

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Ironwood Area Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,978 $56,644 $56,644 $0
2024 $1,779 $47,376 $47,376 $0
2023 $1,875 $41,196 $41,196 $0
2022 $1,842 $37,320 $37,320 $0
2021 $1,842 $36,184 $36,184 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $39,323 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 For Sale $140,000 +100.0% $71 / Sq Ft
11/01/2024 11/01/24 Sold $70,000 -22.1% $38 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
09/09/2024 09/09/24 For Sale $89,900 -- $48 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $68,554 None Listed On Document
Source: Public Records

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Source: Upper Peninsula Association of REALTORS®

MLS Number: 50180439

Upper Peninsula Association of REALTORS®

APN: 52-22-301-160