Aaron Hankins
Cressy & Everett- Elkhart
(574) 564-6660
117 Total Sales
3 in Niles
$139K - $290K Price Range
47 S 3rd St Niles, MI 49120
Niles AreaEstimated Value: $360,000 - $412,000
8
Beds
3
Baths
--
Sq Ft
7,888
Sq Ft Lot
Highlights
- No HOA
- High Speed Internet
- 2-minute walk to Orchard Park
- Forced Air Heating and Cooling System
- Wood Siding
About This Home
As of November 2025This fully remodeled 3-unit property in the City of Niles is turnkey and ready for its next owner. It offers two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all updated with new electric, new windows, plumbing, and HVAC plus a 2-zone system for efficiency. The front porch is newly rebuilt to enjoy throughout the year. Features include two water heaters, coin-operated laundry in the basement for added income, and a third floor blank canvas for expansion, storage, or office space. With projected monthly income of $3,800-$4,400 and the flexibility of being vacant, the new owner can create their own rental model from the start. Located near downtown shops, dining, and community attractions, this is a prime opportunity for investors seeking cash flow in a growing market.
Last Agent to Sell the Property
CK Home Group License #6502432278 Listed on: 09/05/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $699
Year Built
- Built in 1918
Lot Details
- 7,888 Sq Ft Lot
- Lot Dimensions are 66x118
Home Design
- Composition Roof
- Wood Siding
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 6 Parking Spaces
- Gravel Driveway
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- The owner pays for electricity, water, sewer, gas
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 5, 2025
Closed on
Nov 5, 2025
Sold by
Bought by
Seller's Agent
Catherine Waggoner
CK Home Group
Buyer's Agent
Ryan Katowich
Realty Executives Instant Equity
List Price
$385,000
Sold Price
$360,000
Premium/Discount to List
-$25,000
-6.49%
Views
20
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
$21,822
Avg. Annual Appreciation
7.63%
Original Mortgage
$266,250
Outstanding Balance
$264,211
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$117,611
Purchase Details
Closed on
Feb 14, 2024
Sold by
Bought by
Purchase Details
Closed on
Jun 13, 2023
Sold by
Bought by
Purchase Details
Closed on
Oct 27, 2020
Sold by
Bought by
Purchase Details
Closed on
Oct 19, 2020
Sold by
Bought by
Purchase Details
Closed on
Oct 14, 2020
Sold by
Bought by
Purchase Details
Closed on
Jun 3, 1992
Sold by
Bought by
Purchase Details
Closed on
Sep 27, 1983
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Niles, MI
-
Aaron Hankins
-
Loretta Henry
Loretta Henry
McKinnies Realty, LLC
(574) 393-8662
118 Total Sales
4 in Niles
$228K - $280K Price Range
-
Kelly Bronkema
Kelly Bronkema
Coldwell Banker Realty
(574) 891-5108
137 Total Sales
33 in Niles
$59K - $260K Price Range
-
Julie Quardokus
Julie Quardokus
Cressy & Everett Real Estate
(269) 247-7275
87 Total Sales
20 in Niles
$20K - $340K Price Range
-
Jason Carpenter
Jason Carpenter
Keller Williams GR East
(269) 397-4287
217 Total Sales
1 in Niles
$135,000 Price
-
Gretchen Volkenstein
Gretchen Volkenstein
@properties Christie's International R.E.
(269) 466-8100
246 Total Sales
8 in Niles
$232K - $405K Price Range
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $360,000 | Oak Title Services | ||
| $10,000 | Near North Title Group | ||
| -- | -- | ||
| -- | Berrien County Treasurer | ||
| $8,000 | None Listed On Document | ||
| $8,000 | None Available | ||
| -- | None Available | ||
| -- | -- |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Open | $266,250 |
Source: Public Records
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 |
|---|---|---|---|---|
| 11/06/2025 11/06/25 | Sold | $360,000 | -6.5% | -- |
| 09/05/2025 09/05/25 | For Sale | $385,000 | -- | -- |
Source: MichRIC
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 |
|---|---|---|---|---|
| 2026 | $535 | $20,300 | $0 | $0 |
| 2025 | $699 | $19,200 | $0 | $0 |
| 2024 | $356 | $17,200 | $0 | $0 |
| 2023 | $341 | $12,000 | $0 | $0 |
| 2022 | $325 | $11,100 | $0 | $0 |
| 2021 | $604 | $10,500 | $1,900 | $8,600 |
| 2020 | $1,122 | $24,400 | $0 | $0 |
| 2019 | $946 | $16,600 | $1,900 | $14,700 |
| 2018 | $912 | $16,600 | $0 | $0 |
| 2017 | $902 | $17,500 | $0 | $0 |
| 2016 | $886 | $15,700 | $0 | $0 |
| 2015 | $1,367 | $26,700 | $0 | $0 |
| 2014 | $717 | $26,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Catherine Waggoner
Seller's Agent in 2025
Catherine Waggoner
CK Home Group
(269) 845-0316
142 Total Sales
-
Ryan Katowich
Buyer's Agent in 2025
Ryan Katowich
Realty Executives Instant Equity
(269) 208-7888
52 Total Sales
Map
Source: MichRIC
MLS Number: 25045667
APN: 11-73-2700-0042-00-5
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.
Information is deemed reliable but not guaranteed.
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