Are you looking for a great investment opportunity in Ironwood? This beautiful, brick 2-story duplex is located a very short distance from both non-motorized and motorized recreational trails. With plenty of parking, an attached two car garage and small carport style storage shed, there is more than enough room for all of your outdoor gear or equipment. The enclosed entryway provides a great transition into the property, both units have their own private entrances which have been updated with smart locks for ease of entry. Unit A, the main floor apartment is an established long term rental, while Unit B, the upstairs apartment, was used for both personal use and as a midterm rental. Both apartments have two bedrooms, one bathroom, beautiful hardwood floors, large closets and lots of character! Unit B is equipped with brand new baseboard heaters with smart thermostats in each room to provide an extra level of comfort, while being energy efficient. The kitchen appliances in Unit B were replaced in 2023 and the shower was completely redone only a few months ago. A brand new washer/dryer combo was recently installed in Unit B, giving both apartments easy access to laundry facilities. The large open basement also includes a washer/dryer for tenants, a brand new hot water heater and ample storage for owners and tenants alike! The metal roof was replaced in 2022 and the shingled roof over the main house was replaced in 2023. There is new tuckpointing on the brick exterior and a new garage door opener was added to one side of the garage. A lot of love and care has been put into this property and now it's waiting for your personal touches!
Contingent
Price cut: $6.1K (6/25)
$175,900
657 Lake Ave, Ironwood, MI 49938
4beds
2,048sqft
Est.:
Multi Family
Built in 1927
-- sqft lot
$-- Zestimate®
$86/sqft
$-- HOA
What's special
Large open basementBeautiful hardwood floorsOne bathroomEnergy efficientBrand new baseboard heatersSmart thermostatsAmple storage
- 280 days
- on Zillow |
- 247 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: August 15, 2025 at 02:04pm
Listed by:
HELENA LONGHINI 906-285-9868,
FIRST WEBER, INC 906-667-6366
Source: Upper Peninsula AOR,MLS#: 50161649
Originating MLS: Upper Peninsula Assoc of Realtors

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Kitchen
- Features: Breakfast Nook/Room
Heating
- Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Microwave, Range/Oven, Refrigerator, Washer, Electric Water Heater
Features
- Flooring: Hardwood
- Basement: Block
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 2,048
- Total interior livable area: 2,048 sqft
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces, Garage, Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Exterior features: Balcony
- Waterfront features: None
Lot
- Size: 6,534 Square Feet
- Dimensions: 80 x 52
Details
- Parcel number: 5222227210
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement
Condition
- Year built: 1927
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & HOA
Community
- Subdivision: Ironwood
Location
- Region: Ironwood
Financial & listing details
- Price per square foot: $86/sqft
- Tax assessed value: $82,520
- Annual tax amount: $1,656
- Date on market: 11/21/2024
- Cumulative days on market: 281 days
- Listing terms: Cash,Conventional
- Ownership: Private
- Lease term: Long Term,Seasonal
- Total actual rent: 1025
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