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881 Monroe Street Ypsilanti, MI $ 171,000
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881 Monroe Street
$ 171,000
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881 Monroe Street

Ypsilanti, MI, 48197
$ 171,000
Baths2.0 Sq 1,040

Monthly Estimate*

$ 1,053

881 Monroe Street, Ypsilanti, MI 48197 - Image 1
881 Monroe Street, Ypsilanti, MI 48197 - Image 2
881 Monroe Street, Ypsilanti, MI 48197 - Image 3
Studio

Multi-Family Home for sale in Ypsilanti, MI

for $171,000 with 2 full baths. This 1,040 square foot home was built in 1958 on a lot size of 0.15.

Brick Multifamily Investment Property - 881-883 Monroe - Close to Eastern Michigan University, Depot Town and the I-94 Freeway. Separate electric, separate gas. Updates include: Vinyl windows, dimensional shingles, steet exterior doors. Very Long term tenants on month to month. Do not disturb tenants. Subject to tenant's rights.

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Multi-Family Active

Price

$ 171,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,664

Style

Ranch

Lot Size

0.15

Year Built

1958

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

20261023890
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession SubjectToTenantRights
Garage Spaces 0.0
Architectural Style Ranch
Pool Features None
Construction Materials Brick
Pets Allowed No
Year Built 1958
Levels One
Property Subtype MultiFamily
County Washtenaw
Net Operating Income 10000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name PARK RIDGE
Garage Y/N N
Full Baths 2
Status Active
Directions Take W. Michigan Ave head South on 1st AVE take a Left on Monroe
City YpsilantiCity_Washtenaw
Disclosures ActualIncome NoInventoryIncluded NoInventoryListAvailable TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Ypsilanti
Zoning Description Residential
Number Of Units Total 2
MLS Area Area04152Ypsilanti
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 2664.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 32721
Expected Active Date 2026-04-10
Legal Description *OLD SID - 11 11-475-391-00 YP CITY 48W-279 LOT 391 & N 8' OF VAC ALLEY PARK RIDGE.
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Exterior
Water Source Public
Foundation Details Slab
Spa N
Lot Dimensions 50x130
Lot Size Acres 0.15
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1040.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Internal Only
Street Number 1 881
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* Excluded Features
List By
Mike Shannon

Listing Agent

Metropolitan Real Estate

Broker

(313) 277-6453

Phone

Affordability Calculator

$1,275
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,053
Monthly Property Taxes
$222
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.
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Nearby
848225 Elementary School
848527 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/10/2026$171,000 Listed Price

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881 Monroe Street, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $171,000 with 1,040 sqft and a lot size of 0.15. 881 Monroe Street is a studio with 2.0 baths and was built in 1958. The property's zip code is 48197 which is in Ypsilanti, MI

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