540 Saint Joseph Street Lake Leelanau, MI $ 1,500,000
540 Saint Joseph Street
$ 1,500,000
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540 Saint Joseph Street

Lake Leelanau, MI, 49653
$ 1,500,000
Bedrooms-- Baths2.0 Sq 6,272

Monthly Estimate*

$ 10,360

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Multi-Family Home for sale in Lake Leelanau, MI

for $1,500,000 with 2 full baths. This 6,272 square foot home was built in 2002 on a lot size of 1.22.

Fantastic 8 unit townhouse Development in the Heart of Beautiful Leelanau County! These don't come available often. Built in 2002 these 2 bldgs each have 4 townhouse units all identical with 2 br. 1.5 baths all are separately metered for natural gas and electric. Each unit has a 5 ft. crawlspace with furnace and hotwater heater. Each unit has a private deck area and front porch. Fully rented and seldom is there a turnover here. Each bldg has it's own septic system and the 2 bldgs share a onsite water well. Land division process is being done and Health Department point of sale well and septic have been ordered.

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Multi-Family Active

Price

$ 1,500,000

Full Bath

2

Property Type

Multi-Family

Taxes

$ 7,941

Style

Townhouse

Lot Size

1.22

Year Built

2002

Town/City

Lake Leelanau

County/Region

Leelanau

MLS | Web ID

1951725

Features
Interior
Interior Amenities Drywall Cable TV WiFi
Basement Crawl Space Interior Entry
Fireplace Features None
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features Laundry Hook-up
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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General
Sewer Private Sewer
Heating Forced Air Natural Gas
Possession Close Of Escrow Subject To Tenant Rights
Roof Asphalt
Appliances Refrigerator Oven/Range Dishwasher Electric Water Heater
Patio/Porch Features Deck Porch
Architectural Style Townhouse
Security Features Smoke Detector(s)
Construction Materials Frame Vinyl Siding
Pets Allowed false
Year Built 2002
View Countryside View
Township Leland
Property Subtype Multi Family
Tax Year 2026
Gross Income 89700
Waterfront Features None
Community Features None
Accessibility None
Assoc Fee Paid Per Annually
County Leelanau
Net Operating Income 84600
Operating Expense 5100
New Construction N
Property Type Residential Income
Attached Garage N
Energy Efficient Not Applicable
Subdivision Name Saint Joseph Apartments
Garage Y/N N
Green Water Conservation Not Applicable
Other Structures None
Rent Includes Exterior Maintenance Trash Collection Snow Removal Water Sewer
Status New
Directions Take M-204 west into Lake Leelanau turn left at NJ's Market onto St Joseph St. follow south to private portion of St. Joseph st. last driveway on the right to the 2 4 unit townhouse bldgs. on left
City Lake Leelanau
High School District Leland Public School District
Zoning Description Residential
Number Of Units Total 8
Lot Size Units Acres
Lot Size Square Feet 53143.2
Carport Y/N N
Tax Annual Amount 7941.19
Home Warranty Y/N N
Ok to Lease Month To Month
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Leland Public School District
Elementary School District Leland Public School District
Tax Assessed Value 251101
Total Actual Rent 7475
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description Part of SE 1/4 of NE1/4 Sec.26 T30N R12W containing approx 1.22 acres
Freehold VOW BBO IDX
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Exterior
Parking Features Assigned Paved
Water Source Private
Lot Size Area 1.22
Number of Buildings 1
Spa N
Lot Dimensions 150' x 357'
Lot Size Acres 1.22
Road Surface Type Asphalt
Other Parking Assigned Parking Spaces
Waterfront Y/N N
Road Frontage Type Private Road
Road Responsibility Public Maintained Road Shared
Horse Y/N N
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* Excluded Features
List By
Bayside Real Estate

Broker

(231) 632-6260

Phone

Affordability Calculator

$11,022
Per Month
94%
6%
0%
Monthly Principal & Interest
$10,360
Monthly Property Taxes
$662
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
2034251 Elementary School
2034119 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/18/2026$1,500,000 Listed Price

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540 Saint Joseph Street, Lake Leelanau, MI, 49653 is a Multi-Family Home for sale at $1,500,000 with 6,272 sqft and a lot size of 1.22. 540 Saint Joseph Street has 2.0 baths and was built in 2002. The property's zip code is 49653 which is in Lake Leelanau, MI