1702 Hill Street
Ann Arbor, MI, 48104 $ 1,950,000
Baths0.0 Monthly Estimate*
$ 12,006
Studio for $1,950,000. This home was built in 1920 on a lot size of 0.28.
Leased for the 2026-2027 academic year at $12,000 per month, this legal duplex offers a rare opportunity to own a fully modernized property in one of the University of Michigan's most sought-after campus locations. Positioned along fraternity and sorority row, the home has been thoughtfully configured into two 4-bedroom units, along with a partially finished lower-level walk-out recreation space. The location consistently supports strong rental demand while also offering long-term value. The home underwent a significant remodel with capital improvements completed throughout the property, including electrical, plumbing, insulation, drywall, HVAC, central air, roofing, siding, windows, doors, flooring, decking, and a large rear addition completed in 2023. The exterior showcases cement-board siding, architectural Pella windows, concrete porches, and integrated soffit lighting details chosen for both appearance and durability. Wide-plank engineered flooring, stainless steel appliances, butcher-block islands, ample pantry space, fantastic decks overlooking the backyard, modern bathroom finishes, and full-size laundry. Bedroom layouts are well sized to accommodate full beds, desks, and dressers, contributing to consistent leasing performance. The lower-level walk-out includes a full bath, natural light via large windows, and pre-plumbing for a future kitchen, offering optional recreation space for tenants or an owner area. With executed leases in place and substantial improvements completed, this property presents a compelling blend of income stability and long-term ownership appeal.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected Cable Connected Storm Sewer
Possession Subject To Tenant Rights
Roof Other
Construction Materials Other
Year Built 1920
Tenant Pays Electric Water Gas
Township Ann Arbor
Property Subtype 2 to 4 Units
Tax Year 2025
Ownership Private Owned
County Washtenaw
New Construction N
Property Type Multi Family
Attached Garage N
Status Active
Directions Washtenaw to Hill St.
City Ann Arbor
High School District Ann Arbor
Zoning Description R2B
Number Of Units Total 2
MLS Area Ann Arbor/Washtenaw - A
Lot Size Units Acres
Lot Size Square Feet 12197.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 36607.0
Lease Renewal Y/N N
MLS Area Minor Ann Arbor/Washtenaw - A
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 531635
Legal Description LOT 7 AND WLY PART OF LOT 8 HAVING FRONTAGE OF 121 FT ON HILL ST AND 79.22 FT ON SL OF LOTS C H MILLESN 2ND ADDITION
Senior Community None
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InteriorBasement Full Walk-Out Access
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features In Unit Laundry Closet
Total Baths 0
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ExteriorParking Features Driveway Gravel
Lot Features Sidewalk
Total Parking 8.0
Lot Size Area 0.28
Number of Buildings 1
Spa N
Lot Dimensions 100 x 119
Lot Size Acres 0.28
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList BySavarino Properties IncBroker
Affordability Calculator
- Monthly Principal & Interest
- $12,006
- Monthly Property Taxes
- $3,051
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Ann Arbor, MI
Average List Price $2,481,500
Percent of Sale Price 27%
About Ann Arbor, MI 119,763 Population
5% Since 2002
$ 64,208 Median Income
30.65 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
4671423 Elementary School
4664641 Middle School
Huron High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/19/2025 | $1,950,000 | | Listed Price |