881 Monroe Street Ypsilanti, MI ^$ 171,000

881 Monroe Street

^$ 171,000

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Recently Listed

881 Monroe Street

Ypsilanti, MI, 48197

^$ 171,000

Studio 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.

Multi-Family Active

Price

^$ 171,000

Bedrooms

Studio

Full Bath

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

60982875

Features

General

Heating Forced Air

Possession Subject To Tenant Rights

Water Public Water

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1958

Subdivision Park Ridge MI

Style Ranch

County Washtenaw

Class MULTIFAMILY

Type Multi-Family

Net Income 8000

Ownership Private

Municipality Ypsilanti

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Structure Style 1 Story

Area Ypsilanti (81033)

Primary City Ypsilanti

Directions Take W. Michigan Ave head South on 1st AVE take a Left on Monroe

City Ypsilanti

School District Ypsilanti Public School District

Financial Terms Cash Conventional

Legal Description *OLD SID - 11 11-475-391-00 YP CITY 48W-279 LOT 391 & N 8' OF VAC ALLEY PARK RIDGE.

DOM 8

Postal Code 48197

Price Per Sq Ft Total AG 164.42

Public Remarks 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

Exterior

Exterior Brick

Frontage 50

Lot Size Area 0.15

Lot Dimensions 50x130

Roads Paved Street

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Mike Shannon

Listing Agent

Metropolitan Real Estate

Broker

gometrohomes@gmail.com

Affordability Calculator

$1,275

Per Month

Monthly Principal & Interest: $1,053
Monthly Property Taxes: $222
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Ypsilanti, MI

Average List Price ^$404,992

Percent of Sale Price 137%

About Ypsilanti, MI

20,639 Population

-8% Since 2002

^$38,265 Median Income

27.51 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1367115 Elementary School

1367113 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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881 Monroe Street

Multi-Family Home for sale in Ypsilanti, MI

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