515 N Congress St, Ypsilanti, MI, 48197
About This Home
Turnkey investment perfect for a beginner investor. Perfect for student housing. This 4 unit/residential multi-family is close to the university and the downtown. An old large house turned into apartments with reasonable rents and well maintained. With parking spaces, the city transit and nearby business and food services, this is an ideal location. High earnings . Clean spacious, and ready to make someone passive income. Zoning map attached. The monthly income is $3,530.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1843
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: 2 to 4 Units
Interior
Appliances
- Laundry features: None
Basement
- Has basement: Yes
- Basement: Michigan Basement,Slab
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 4
Heating
- Heating features: Forced Air
Property
Details
- Parcel number: 111140463002
Lot
- Lot size: 6,534 sqft
- Lot size dimensions: 66 x 99
Parking
- Total spaces: 4
- Parking features: Driveway,Gravel
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
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Washtenaw 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 | $2,103 | $25,236 |
| Home Insurance * | $162 | $1,944 |
| Property Taxes | $506 | $6,072 |
| Electricity | $188 | $2,259 |
| Total | $2,959 | $35,508 |
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 |
|---|---|---|
| 2026-07-09 | Listed for sale | $416,000 |
| 2026-05-15 | Listing removed | $795 |
| 2026-04-25 | Price change | $795 |
| 2026-03-31 | Listed for rent | $945 |
| 2026-03-31 | Listing removed | $945 |
| 2026-02-13 | Price change | $945 |
| 2025-11-27 | Listed for rent | $995 |
| 2025-11-26 | Listing removed | $995 |
| 2025-08-15 | Listed for rent | $995 |
| 2023-12-16 | Listing removed | -- |
| 2023-08-19 | Listed for rent | $795 |
| 2023-06-05 | Listing removed | -- |
| 2023-05-13 | Listed for rent | $985 |
| 2022-05-02 | Sold | $280,000 |
| 2016-04-18 | Listing removed | $545 |
| 2016-02-11 | Listed for rent | $545 |
| 2015-08-29 | Listing removed | $179,000 |
| 2015-08-24 | Price change | $179,000 |
| 2015-05-14 | Listed for sale | $169,000 |
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