$129,000
SOLD APR 30, 2025

501 Oak St Niles, MI 49120

-- Bed
-- Bath
-- Sq Ft
3,652 Sq Ft Lot

Recently Sold

8% Below List Price

4 Days on Market

Highlights

  • Corner Lot: Yes
  • Hot Water Heating System
  • 3-minute walk to Orchard Park
  • Central Air

About This Home

As of April 2025

This three-unit property is the perfect opportunity for investors or owner-occupants looking to add value and generate strong rental income. 501 Oak Street is a fantastic investment opportunity located near shopping, dining and all downtown Niles has to offer. Schedule your tour today!

Last Agent to Sell the Property

Karie Miller

McKinnies Realty License #6501442353 Listed on: 03/16/2025

McKinnies Realty

Last Buyer's Agent

Jennifer Inman

Red Shoe Realty License #6506045699

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,363

Year Built

  • Built in 1904

Lot Details

  • 3,652 Sq Ft Lot
  • Lot Dimensions are 52x74
  • Corner Lot: Yes

Home Design

  • Composition Roof
  • Vinyl Siding

Parking

  • 2 Parking Spaces
  • Gravel Driveway

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Laundry on main level
  • Basement Fills Entire Space Under The House

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for trash collection, electricity, water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,363

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1904
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 52x74
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Corner Lot: Yes
  • Heat Type:Hot Water: Yes
  • Driveway:Gravel: Yes
  • Laundry Features Main Level: Yes
  • Laundry Features Common Area: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 140000.0
  • Lot Features: Corner Lot
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Hot Water
  • Heating: Yes
  • Laundry Features: Common Area, Main Level
  • Utilities: Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Dimensions: 52x74
  • Lot Size Sq Ft: 3652.0

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1363.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2025
Closed on
Apr 30, 2025
Sold by
Fietzek Jonathan C and Fietzek Abby R
Bought by
Beckman William R and Beckman Denise M
Seller's Agent
Karie Miller
McKinnies Realty
Buyer's Agent
Jennifer Inman
Red Shoe Realty
List Price
$140,000
Sold Price
$129,000
Premium/Discount to List
-$11,000
-7.86%
Views
35
Current Estimated Value
$179,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,711
Avg. Annual Appreciation
56.52%
Original Mortgage
$122,550
Outstanding Balance
$122,443
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$57,268

Purchase Details

Listed on
Mar 16, 2025
Closed on
Mar 25, 2025
Sold by
Fietzek Jonathan C
Bought by
Fietzek Jonathan C and Fietzek Abby R
Seller's Agent
Karie Miller
McKinnies Realty
Buyer's Agent
Jennifer Inman
Red Shoe Realty
List Price
$140,000
Sold Price
$129,000
Premium/Discount to List
-$11,000
-7.86%
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,550
Outstanding Balance
$122,443
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$57,268

Purchase Details

Closed on
Aug 29, 2024
Sold by
Fietzek Dale T
Bought by
Fietzek Jonathan C

Purchase Details

Closed on
Nov 18, 2002
Sold by
Monaster Lois Jean and Ley Lois Jean
Bought by
Fietzek Dale and Fietzek Hazel

Purchase Details

Closed on
Dec 15, 1999

Purchase Details

Closed on
Sep 1, 1993
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $129,000 Chicago Title Of Michigan
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $40,000 --
Deed $40,000 --
Deed $2,700 --
Deed $40,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $122,550 New Conventional
Previous Owner $20,000 Unknown
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2025 04/30/25 Sold $129,000 -7.9% --
03/20/2025 03/20/25 Pending -- -- --
03/16/2025 03/16/25 For Sale $140,000 -- --
Source: MichRIC

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 $2,602 $98,100 $0 $0
2024 $1,363 $91,000 $0 $0
2023 $1,307 $79,400 $0 $0
2022 $1,245 $73,800 $0 $0
2021 $2,275 $68,900 $3,600 $65,300
2020 $2,248 $53,400 $0 $0
2019 $2,216 $52,200 $9,900 $42,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 25009887

MichRIC

APN: 11-73-3960-0046-00-2