**Prime Investment Opportunity in Ypsilanti** Discover this exceptional three-family income property, fully leased and generating stable rental income. With a total of 2,200 sq. ft., this property offers two 2-bed, 1-bath units and one 3-bed, 2-bath unit, perfectly designed to attract tenants. Located just blocks from Eastern Michigan University, this prime location ensures consistent demand and strong rental potential. The property was meticulously rebuilt from the foundation up in 2005, showcasing modern amenities and quality craftsmanship. **Key Features:** - **Total Area:** 2,200 sq. ft. - **Unit 1:** 2-bed, 1-bath - **Unit 2:** 2-bed, 1-bath - **Unit 3:** 3-bed, 2-bath - **Location:** Blocks away from Eastern Michigan University - **Condition:** Completely rebuilt from the foundation up in earlier 2000s, Invest in this well-maintained, fully leased property and enjoy the benefits of a stable income stream in a sought-after location. Don’t miss out on this prime investment opportunity!
Conveniently located and walking distance to Downtown Ypsilanti Michigan. All three units are occupied and contracted for the next twelve months. This income producing multifamily is perfect for the investor looking for a turn- key property. Units producing income at $1,000., $750, and $725. per month and contracts are through July 2026. Landlord pays water/sewer. Tenants pay electric/gas and
Collateral Analytics
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ICE
ICE Mortgage Technology
ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
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First American
First American
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Quantarium
Quantarium
Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.
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Average Value
Not Available
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
Quit Claim Deed
--
None Listed On Document
Warranty Deed
$420,000
Title One
Warranty Deed
$420,000
Title One
Warranty Deed
$440,000
None Listed On Document
Interfamily Deed Transfer
--
None Available
Interfamily Deed Transfer
--
--
Interfamily Deed Transfer
--
St
Source: Public Records
Mortgage History
Date
Status
Loan Amount
Loan Type
Previous Owner
$20,000
New Conventional
Previous Owner
$317,600
New Conventional
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
10/15/202410/15/24
Sold
$420,000
-6.7%
$191 / Sq Ft
10/14/202410/14/24
Pending
--
--
--
08/09/202408/09/24
For Sale
$450,000
--
$205 / Sq Ft
Source: Realcomp
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 617 N Congress St, Ypsilanti, MI 48197 and is currently priced at $420,000, approximately $190 per square foot. This property was built in 1868. 617 N Congress St is a home located in Washtenaw County with nearby schools including Estabrook Elementary School, Erickson Elementary School, and Holmes Elementary School.
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 provided courtesy of Realcomp II Ltd. via Ten-X and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
