$159,900
UNDER CONTRACT

502 W Chisholm St Alpena, MI 49707

Estimated payment $977/month

Total Views 4,843
-- Bed
-- Bath
2,504 Sq Ft
$64 Price per Sq Ft

Highlights

  • Deck
  • Lawn
  • Forced Air Heating System
  • 2-Story Property
  • No HOA
  • 2-minute walk to Rotary Island Mill Park

About This Home

Great Rental History & Very Well Maintained! Many upgrades including siding, windows, exterior doors, roof, floorings and remodeled bathrooms. Owned since 1996, seller has replaced Roof apx 5 yrs ago; Water heater is apx 3-4 yrs old, and furnace apx 10 yrs old. Unit #1 is accessed by front entry and tenant does lawn care and snow removal. Unit #2 is accessed by rear entry and has main floor laundry center (washer/dryer renter owned). 2nd Bath is presently not working. Rents are below market rate. All utilities are paid by landlord. Leases are month to month; rents due on the 1st. Present renters are clean and neat. With all the improvements, this is definitely a great investment.

Listing Agent

Lisa Timm

Banner Realty License #6502127329 Listed on: 08/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,542

Lot Details

  • Lot Dimensions are 66 x 140
  • Lawn

Home Design

  • Duplex
  • 2-Story Property
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,504 Sq Ft Home
  • Vinyl Flooring
  • Partial Basement
  • Electric Range
  • Laundry on main level

Outdoor Features

  • Deck

Schools

  • Besser Elementary School
  • Alpena High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Municipal Utilities District for Water and Sewer

Community Details

  • No Home Owners Association
  • 2 Units
  • Village Now City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 093-637-000-318-00
  • Tax Block Blk 14

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,542

Lot Details

0

Listing Details

  • Directions: On Corner of Chisholm & 6th Streets, across from Public Safety Building.
  • Garage Yn: No
  • Lot Size: 66 x 140
  • Prop. Type: Residential
  • PropertySubType: Duplex
  • ResoLaundryFeatures: Main Level, None
  • NAV29_Unit_1_Appliances: Refrigerator, Electric Range
  • Total Gross Income: 21600.0
  • Co List Office Phone: 989-356-1177
  • MLS Status: Active w/Contingencies
  • Subdivision Name: Village Now City
  • Architectural Style: Two Story, Ranch
  • ResoBuildingAreaSource: County Records
  • Contract Information:Short Sale: No
  • General Property Information Lot Size Dimensions: 66 x 140
  • Water Municipal2: Yes
  • Basement Partial Basement: Yes
  • Sewer Municipal5: Yes
  • StyleTwoStory: Yes
  • GroundsLandscaping Lawn: Yes
  • StyleRanch: Yes
  • Laundry Main Level2: Yes
  • Appliances Refrigerators: Yes
  • Cooling:None9: Yes
  • Water Heater Electric5: Yes
  • Fuel Natural Gas2: Yes
  • Property Information Basement: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Vinyl Floors
  • Appliances:Electric Range: Yes
  • Interior Vinyl Floors: Yes

Exterior Features

  • Construction Type: Paved Street, Vinyl
  • Construction:Frame: Yes
  • PatioDeck Open Deck: Yes
  • Exterior Vinyl3: Yes

Garage/Parking

  • Property Information:Garage Stall2: 0

Utilities

  • Cooling System: None
  • Sewer: Municipal, Public Sewer
  • Cooling Y N: No
  • Heating: Natural Gas, Forced Air
  • HeatingYN: Yes
  • Heating:Natural Gas3: Yes
  • Heating:Forced Air2: Yes

Association/Amenities

  • TaxesAndPossessionAssociationDues: No

Condo/Co-op/Association

  • HOA Rent Includes: Water, Sewer, Maintenance, Fuel, Electricity

Schools

  • Schools Elementary School: Besser
  • Schools High School: Alpena
  • Elementary School: Besser
  • Junior High Dist: Alpena
  • High School: Alpena

Lot Info

  • Parcel Number: 093-637-000-318-00

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Block: Blk 14
  • Tax Book Number: 093-637-000-318-00

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 $1,542 $86,100 $0 $0
2024 $1,296 $79,000 $0 $0
2023 $1,258 $66,900 $0 $0
2022 $1,389 $58,600 $0 $0
2021 $1,355 $55,200 $55,200 $0
2020 $1,338 $52,600 $0 $0
2019 $1,296 $45,400 $0 $0
2018 $1,255 $26,900 $0 $0
2017 $1,209 $26,400 $0 $0
2016 $1,202 $24,700 $0 $0
2015 $164 $21,900 $0 $0
2013 $199 $19,900 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2025 08/25/25 For Sale $159,900 -- $64 / Sq Ft
Source: Water Wonderland Board of REALTORS®

Source: Water Wonderland Board of REALTORS®

MLS Number: 201836694

Water Wonderland Board of REALTORS®

APN: 092-307-000-110-00