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360 1st Ave, Ypsilanti, MI, 48197

7beds
3baths
2,874sqft
$175,000
$61price/sqft
$1,477/moest. monthly cost
$59,080/yrincome needed

About This Home

**Investor Special!** Value-add multi-family opportunity featuring **3 units— 1 three-bedroom, 2 two-bedroom, and 3 full bathrooms.** This property requires a full renovation and is perfect for investors looking to build equity and maximize cash flow. Conveniently located near EMU, shopping, dining, and major expressways. Bring your vision and unlock this property's potential!

Getting Around

64
WalkingSomewhat Walkable
47
TransitSome Transit
66
BikeBikeable

Schools

--
3/10
Estabrook SchoolGrades PK,1-80.9 mi
2/10
AC Tech High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1889

Materials

  • Foundation: Basement,Stone
  • Construction materials: Other

Type & Style

  • Home type: MultiFamily
  • Architectural style: Colonial
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Finished area above ground: 2,874

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 2,874 sqft

Property

Details

  • Parcel number: 111139160033
  • Zoning description: Residential
  • Special condition: Short Sale No,Standard

Features

  • Levels: Other
  • Pool features: None

Lot

  • Lot size: 0.45 Acres
  • Lot size dimensions: 103 x 197

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

  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Strong Wind
Tornado

FEMA Declared Disasters in Washtenaw County and Michigan

Severe Ice Storm
Winter Storm

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

MonthlyAnnual
Mortgage $884$10,608
Home Insurance *$68$816
Property Taxes $212$2,544
Electricity $313$3,761
Total$1,477$17,724
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$50,640/yr
40% on housing$44,310/yr
45% on housing$39,386/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

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.

Insurance Growth Rate5-year average: 12.2%
12.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$61This listing

vs Other Active Listings

Avg $/sqft

ZIP 48197$173
Washtenaw County$227

vs Homes Sold Last Month

Median $/sqft

ZIP 48197$189
Washtenaw County$214

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)

No zestimate history available

Price History

DateEventPrice
2026-07-23Listed for sale$175,000

For Sale by Agent

AgentLashawn Peterson
BrokerageEXP Realty Main

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