Seller's Agent in 2025
Don Schinella
SELECT REALTY
(906) 362-9273
30 in this area
148 Total Sales
403 N Main St Ishpeming, MI 49849
7
Beds
5
Baths
3,142
Sq Ft
6,098
Sq Ft Lot
Highlights
- Corner Lot
- Porch
- Laundry in Utility Room
- Balcony
- Walk-In Closet
- Property is near schools
About This Home
As of July 2025Here is an extraordinary opportunity to invest in a 5-plex apartment! Centrally located in an excellent spot in a good neighborhood, this historic multiplex sits atop a hill, a few blocks from downtown Ishpeming. This is an established rental with a proven track record for high occupancy rates. Currently, all units are rented out. Leases are month to month and the tenants are communicative and cooperative. See associated documents for Cubi Casa measurements for each apartment and the basement. This historic home is solid with a well-maintained utility system and good bones. The roof is BRAND NEW, installed in 2023 ($70,000 value)! Shared laundry facilities are located in the basement. There are also storage cages for each unit on the opposite end of the laundry facility. Across the street is the Ishpeming Carnegie Library and the historic Mather Inn! Just a short walk from downtown (literally two blocks away), with access to Jim's Jubilee Foods, various restaurants, bars, shops, and churches. Lake Bancroft & the Ishpeming playgrounds are just another few blocks away. Rents are as follows: Unit 1: $700 rent/mo., tenant pays electric, Unit 2: $700 rent/mo., tenant pays electric, Unit 3: $750 rent/mo., tenants pay electric, Unit 4: $700 rent/mo., tenants pay electric, Unit 5: $600 rent/mo. Seller pays all utilities, EXCEPT for electricity in apartments #1-4. Seller pays ALL utilities for apartment #5. To gauge expenses, utilities are, on average, $700/mo. and add more for the winter months. All bathrooms are full except for apartment 5, which has a shower instead of a bathtub. Fireplaces in apartments 2, 3, 4 and 5 are not in working condition. Apartment 5 includes a space heater. RENTS TO INCREASE DEC. 1, 2024: APT. 1: $750, APT. 2: $775, APT. 3: $825, APT. 4: $775, APT. 5: $650.
Last Agent to Sell the Property
SELECT REALTY License #UPAR-6502349729 Listed on: 07/29/2024
Property Details
Home Type
- Apartment
Est. Annual Taxes
Year Built
- Built in 1886
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 72x82
- Corner Lot
- Historic Home
Home Design
- Vinyl Siding
Interior Spaces
- Ceiling height of 9 feet or more
- Living Room with Fireplace
- Oven or Range
Bedrooms and Bathrooms
- 7 Bedrooms
- Walk-In Closet
- 5 Full Bathrooms
Laundry
- Laundry in Utility Room
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Stone Basement
Parking
- 3 Car Parking Spaces
- On-Street Parking
- Unassigned Parking
Outdoor Features
- Balcony
- Porch
Location
- Property is near schools
Utilities
- Hot Water Heating System
- Separate Meters
- Gas Water Heater
Community Details
- 5 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 52-51-107-001-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2024
Closed on
Jul 3, 2025
Sold by
Moe Aung A
Bought by
Lx3 North Llc
Seller's Agent
Don Schinella
SELECT REALTY
Buyer's Agent
Scott Moiser
KEY REALTY DELTA COUNTY LLC
List Price
$359,000
Sold Price
$330,000
Premium/Discount to List
-$29,000
-8.08%
Views
121
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$693
Avg. Annual Appreciation
0.50%
Original Mortgage
$330,000
Outstanding Balance
$313,389
Interest Rate
6.86%
Mortgage Type
Credit Line Revolving
Estimated Equity
$17,304
Purchase Details
Closed on
Jan 22, 2018
Sold by
Andriacchi Francis P and Andriacchi Lillian H
Bought by
Smith Catherine and Andriacchi Peter
Purchase Details
Closed on
Oct 20, 2003
Bought by
Andriacchi Francis P and Andriacchi Catherine
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 | $330,000 | Bay Title | |
| Quit Claim Deed | -- | Dominic F Andriacchi Pc | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $330,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/03/2025 07/03/25 | Sold | $330,000 | +6.5% | $105 / Sq Ft | |
| 05/19/2025 05/19/25 | Price Changed | $310,000 | -8.3% | $99 / Sq Ft | |
| 09/13/2024 09/13/24 | Price Changed | $338,000 | -5.8% | $108 / Sq Ft | |
| 07/29/2024 07/29/24 | For Sale | $359,000 | +79.5% | $114 / Sq Ft | |
| 05/06/2022 05/06/22 | Sold | $200,000 | -20.0% | $64 / Sq Ft | View Prior Sale |
| 03/23/2022 03/23/22 | Pending | -- | -- | -- | |
| 07/15/2021 07/15/21 | For Sale | $250,000 | -- | $80 / Sq Ft |
Source: Upper Peninsula 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 | $7,036 | $153,950 | $0 | $0 |
| 2024 | $45 | $117,450 | $0 | $0 |
| 2023 | $1,038 | $103,750 | $0 | $0 |
| 2022 | $4,420 | $74,300 | $0 | $0 |
| 2021 | $4,573 | $77,600 | $0 | $0 |
| 2020 | $4,487 | $74,300 | $0 | $0 |
| 2019 | $4,410 | $68,800 | $0 | $0 |
| 2018 | $4,293 | $73,200 | $0 | $0 |
| 2017 | $4,184 | $73,050 | $0 | $0 |
| 2016 | $4,074 | $72,350 | $0 | $0 |
| 2015 | -- | $72,350 | $0 | $0 |
| 2014 | -- | $75,650 | $0 | $0 |
| 2012 | -- | $75,250 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Don Schinella
-
Scott Moiser
Buyer's Agent in 2025
Scott Moiser
KEY REALTY DELTA COUNTY LLC
(906) 280-0903
3 in this area
374 Total Sales
-
Sue Feldhauser
Seller's Agent in 2022
Sue Feldhauser
NORTHERN MICHIGAN LAND BROKERS
(906) 360-2891
3 in this area
32 Total Sales
Map
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50150145
APN: 52-51-107-001-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Nearby Homes