402 Lake Avenue Ironwood, MI $ 175,000
402 Lake Avenue
$ 175,000
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402 Lake Avenue

Ironwood, MI, 49938
$ 175,000
Bedrooms3 Baths1.1 Sq 1,530

Monthly Estimate*

$ 1,105

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Single Family Home for sale in Ironwood, MI

for $175,000 with 3 bedrooms and 1 full bath, 1 half bath. This 1,530 square foot home was built in 1895 on a lot size of 0.69.

Space to Spread Out, Room to Grow With Income Potential Built In Set on a deep double city lot, this 3 bedroom, 1.5 bath home gives you the rare combination of everyday comfort, flexible living space, and an income stream all in one address. Morning coffee tastes better in a kitchen like this one. Stainless steel appliances and an island with snack bar seating anchor a layout that opens easily into the dining and living areas, so conversations flow as freely as the light does. Hardwood floors carry that warmth throughout much of the main level, where you'll also find a full bath, a convenient half bath, and a bonus room ready to become whatever you need next such as a home office, craft studio, or playroom. Upstairs, three bedrooms include a primary suite generous enough for a reading chair by the window, with two double closets plus a third for overflow; the kind of storage that makes daily life easier. Step outside and the possibilities keep going. An enclosed porch adds three season living space, while the back deck invites slower evenings. The partially fenced backyard offers plenty of room to roam for pets, gardening, or outdoor play. The 30x30 garage with power plus an additional storage shed means there's space for the boat, the workshop, or the collection you've been wanting to start. Offering a turnkey opportunity to continue generating short term rental income from day one. Furnishings may be negotiable, making the transition even simpler. Whether you're searching for a spacious single family home with room to entertain, or an investment property with income already in motion, this one delivers both. Schedule your private showing the sooner you see it, the sooner you can start living (or investing in) the possibilities.

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Single Family Active

Price

$ 175,000

Bedrooms

3

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 5,260

Style

Conventional Frame

Lot Size

0.69

Year Built

1895

Town/City

Ironwood

County/Region

Gogebic

MLS | Web ID

50203009

Features
Interior
Interior Amenities Hardwood Floors
Dining Room Level Main
Basement Full Interior Access Stone
Bedroom 3 Level Upper
Bedroom 1 Level Upper
Bedroom 2 Level Upper
Beds 3
Fireplace? No
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General
Heating Forced Air
Kitchen Level Main
Cooling Ceiling Fan(s) Window Unit(s)
Possession At Close
Garage Detached Garage Electric in Garage
Water Public Water
Appliances Dishwasher Disposal Dryer Microwave Range/Oven Refrigerator Washer
Status Active Active
Full Baths 1
Half Baths 1
Bathrooms 2
Year Built 1895
Parking 3 or More Spaces Garage
Subdivision None MI
Water Heater Gas
Style Conventional Frame
County Gogebic
Class RESIDENTIAL
Type Single Family
Ownership Private
Municipality Ironwood
Electric 200+ Amp Service Circuit Breakers
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected Internet DSL Available
Structure Style 2 Story
Area Ironwood (27006)
Primary City Ironwood
Virtual Tour https://mls.ricoh360.com/4c40da7f-3cc7-43a6-bd74-915b8c8ef617
Directions From Bessemer head West on US2 to Left on Curry St to Right on Lake Ave to home on right side of street.
City Ironwood
School District Ironwood Area Schools
Financial Terms Cash Conventional
Legal Description LOTS 42 & 43 BLOCK 2 ASSESSORS PLAT NO 16
DOM 112
Postal Code 49938
Price Per Sq Ft Total AG 114.38
Public Remarks Space to Spread Out Room to Grow With Income Potential Built In Set on a deep double city lot this 3 bedroom 1.5 bath home gives you the rare combination of everyday comfort flexible living space
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Exterior
Exterior Masonite
Exterior Amenities Deck Porch
Frontage 100
Lot Size Area 0.69
Pool (Y/N) No
Lot Dimensions 100x300
OUT BUILDINGS Shed
Water Features None
Roads City/County
Waterfront Y/N No
Frontage Type Road
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* Excluded Features
List By
GAYLE COLASSACO

Listing Agent

First Weber, Inc

Broker

colassacog@firstweber.com

Email

Affordability Calculator

$1,543
Per Month
72%
28%
0%
Monthly Principal & Interest
$1,105
Monthly Property Taxes
$438
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
3701297 Elementary School
3701294 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/11/2026$175,000 -5.41% Price Down
5/2/2026$185,000 -7.04% Price Down
4/1/2026$199,000 Listed Price

Map


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402 Lake Avenue, Ironwood, MI, 49938 is a Single Family Home for sale at $175,000 with 1,530 sqft and a lot size of 0.69. 402 Lake Avenue has 3 bedrooms, 1.1 baths, and was built in 1895. The property's zip code is 49938 which is in Ironwood, MI