This fully remodeled 3-unit property in the City of Niles is turnkey and ready for its next owner. It offers two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all updated with new electric, new windows, plumbing, and HVAC plus a 2-zone system for efficiency. The front porch is newly rebuilt to enjoy throughout the year. Features include two water heaters, coin-operated laundry in the basement for added income, and a third floor blank canvas for expansion, storage, or office space. With projected monthly income of $3,800-$4,400 and the flexibility of being vacant, the new owner can create their own rental model from the start. Located near downtown shops, dining, and community attractions, this is a prime opportunity for investors seeking cash flow in a growing market.
Sold
Zestimate®
$360,000
47 S 3rd St, Niles, MI 49120
5beds
3baths
2,614sqft
2 to 4 Units
Built in 1918
-- sqft lot
$360,000 Zestimate®
$138/sqft
$1,154 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 07, 2025 at 04:43am
Listed by:
Catherine Waggoner 269-845-0316,
CK Home Group
Bought with:
Ryan F Katowich, 6502433066
Realty Executives Instant Equity
Source: MichRIC,MLS#: 25045667
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: In Basement, See Remarks
Features
- Basement: Full
Interior area
- Total interior livable area: 2,614 sqft
Property
Parking
- Total spaces: 6
- Parking features: Driveway, Gravel
Lot
- Size: 7,840 sqft
- Dimensions: 66 x 118
- Features: Sidewalk
Details
- Parcel number: 117327000042005
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1918
Utilities & green energy
- Utilities for property: Phone Available, Cable Available, Natural Gas Connected
Community & neighborhood
Location
- Region: Niles
Other
Other facts
- Listing terms: Cash,Conventional
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$360,000
2% more+$7,200
With Zillow Showcase(estimated)$367,200