906 Michigan Ave, East Lansing, MI, 48823
About This Home
Class IV rental license with the City of East Lansing being offered at $95,000 per license. Currently rented with a new lease beginning August 20, 2026-August 12, 2027. There is a finite amount of rental licenses in East Lansing that makes this a valuable investment and location is PRIME to the West side of CAMPUS. Tenants pay all utilities, snow removal, leaf removal, carpet fee at beginning of lease $200, cleaning fee at beginning of lease $300, washer/dryer rental for $20 per month. Owner is in charge of lawn care, taxes and insurance. Showings are by appointment only. Seller is related to the Realtor.
Getting Around
Very Walkable
Very Limited Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1922
Materials
- Foundation: Block
- Roof: Shingle
- Construction materials: Aluminum Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Electric Oven,Refrigerator
- Laundry features: In Basement,Inside,Lower Level
Basement
- Has basement: Yes
- Basement: Daylight,Full
Bedroom2
- Features: Hardwood Floor
- Level: Second
- Area: 113.30000000000001
Bedroom3
- Features: Hardwood Floor
- Level: Second
- Area: 161.25
Bedroom4
- Features: Carpet Floor
- Level: Third
- Area: 216
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Dining Room
- Features: Hardwood Floor
- Level: First
- Area: 207.36
Features
- Laminate Counters,Natural Woodwork
- Window features: Double Pane Windows
- Flooring: Carpet,Combination,Hardwood,Vinyl
- Finished area below ground: 0
- Finished area above ground: 1,440
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 2,160
- Total interior livable area: 1,440 sqft
Kitchen
- Features: Vinyl Floor
- Level: First
- Area: 106.08
Living Room
- Features: Hardwood Floor
- Level: First
- Area: 198
Master Bedroom
- Features: Hardwood Floor
- Level: Second
- Area: 144
Property
Details
- Parcel number: 33200113125020
- Zoning description: Zoning
- Foundation area: 720
Features
- Levels: Two and One Half
- Stories: 1
- Exterior features: Rain Gutters
- Has view: Yes
- View description: Neighborhood
Lot
- Lot size: 5,662 sqft
- Features: Front Yard
- Lot size dimensions: 25 x 107
Parking
- Total spaces: 2
- Parking features: Attached,Covered,Garage,Garage Faces Side,Paved
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Tornado
- Cold Wave
- Hail
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Ingham County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,860 | $22,320 |
| Home Insurance * | $148 | $1,776 |
| Property Taxes | $539 | $6,468 |
| Electricity | $188 | $2,259 |
| Total | $2,735 | $32,820 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Listed for sale | $380,000 |
| 2022-03-29 | Listing removed | -- |
| 2022-03-07 | Listed for sale | $290,000 |
| 2005-07-15 | Sold | $180,000 |
| 2004-08-17 | Sold | $80,000 |
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