635 N 5th St Ishpeming, MI 49849
Estimated payment $1,015/month
Highlights
- 2 Car Detached Garage
- Porch
- Hot Water Heating System
About This Home
Opportunity knocks with this large side-by-side duplex located on a corner lot near downtown, the Iron Ore Heritage Trail, and ATV/snowmobile trails. Each unit offers 3 bedrooms—one side features 2 bathrooms and a sauna in the basement, while the other has 1 bathroom. Both units are very spacious and currently rent for $850/month plus utilities, with one long-term tenant in place. This property is perfect for investors or an owner-occupant looking to have the other unit help pay the mortgage. Recent updates include two new boilers, offering peace of mind on major mechanicals. While the home is functional and income-producing, it could use some TLC to maximize its potential. A 2-car garage adds to the appeal, and the location offers great convenience and lifestyle amenities. With solid bones and rental income in place, this is a value-add opportunity you won’t want to miss!
Listing Agent
NEXTHOME SUPERIOR LIVING License #UPAR-6502430986 Listed on: 08/07/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $29
Year Built
- Built in 1900
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 50x117
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
Parking
- 2 Car Detached Garage
- On-Street Parking
Outdoor Features
- Porch
Utilities
- Hot Water Heating System
- Separate Meters
- Gas Water Heater
Community Details
- 2 Units
- Cleveland Iron Mining Co's Second Addition Subdivision
Listing and Financial Details
- Assessor Parcel Number 52-51-207-009-00
Map
Home Values in the Area
Average Home Value in this Area
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 | $29 | $87,500 | $0 | $0 |
| 2024 | $29 | $84,600 | $0 | $0 |
| 2023 | $673 | $67,250 | $0 | $0 |
| 2022 | $3,400 | $54,850 | $0 | $0 |
| 2021 | $3,317 | $57,350 | $0 | $0 |
| 2020 | $3,254 | $54,850 | $0 | $0 |
| 2019 | $3,198 | $49,900 | $0 | $0 |
| 2018 | $3,383 | $50,700 | $0 | $0 |
| 2017 | $3,181 | $50,600 | $0 | $0 |
| 2016 | $3,097 | $49,500 | $0 | $0 |
| 2015 | -- | $49,500 | $0 | $0 |
| 2014 | -- | $51,650 | $0 | $0 |
| 2012 | -- | $52,950 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | For Sale | $185,000 | +56.8% | $71 / Sq Ft |
| 02/01/2022 02/01/22 | Sold | $118,000 | -5.6% | $41 / Sq Ft |
| 11/22/2021 11/22/21 | Pending | -- | -- | -- |
| 05/19/2021 05/19/21 | For Sale | $125,000 | -- | $43 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $118,000 | Odea Nordeen And Pickens Pc | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $95,861 | New Conventional |
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50184469
APN: 52-51-207-009-00
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