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1431 N Michigan St, Toledo, OH, 43604

2beds
1baths
678sqft
$39,900
$59price/sqft
$546/moest. monthly cost
$21,840/yrincome needed

About This Home

Great investment opportunity at 1431 N Michigan Ave in Toledo! This charming 2-bedroom, 1-bath home offers approximately 678 sq. ft. of functional living space and is currently tenant occupied with a reliable tenant paying $700 per month with utilities included. The tenant would like to remain, providing an opportunity for immediate rental income. The home features a simple and efficient layout, off-street parking, public utilities, and a convenient location near local amenities, shopping, restaurants, and transportation. A great addition to any rental portfolio or an affordable property opportunity. Don't miss the chance to own a property with established rental history and steady income potential! No showing without accepted offer.

Getting Around

48
WalkingCar-Dependent
0
TransitVery Limited Transit
79
BikeVery Bikeable

Schools

4/10
3/10
Woodward High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1897

Materials

  • Foundation: Other
  • Roof: Shingle
  • Construction materials: Brick,Other

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Accessible Utilities or Laundry

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: Main

Features

  • Other
  • Flooring: Other
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 678
  • Total interior livable area: 678 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Other

  • Level: Main

Property

Details

  • Parcel number: 1428644

Features

  • Levels: One

Lot

  • Lot size: 3,049 sqft
  • Lot size dimensions: 25X116

Parking

  • Total spaces: 1
  • Parking features: Off Street

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

  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hail
Ice Storm
Tornado
Tsunami

FEMA Declared Disasters Across Ohio Counties

Flood
Tornado

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 $201$2,412
Home Insurance *$97$1,164
Property Taxes $55$660
Electricity $193$2,320
Total$546$6,552
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$18,720/yr
40% on housing$16,380/yr
45% on housing$14,560/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

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: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$59This listing

vs Other Active Listings

Avg $/sqft

ZIP 43604$95
Lucas County$108

vs Homes Sold Last Month

Median $/sqft

ZIP 43604$45
Lucas County$125

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

DateEventPrice
2026-06-26Listed for sale$39,900
2026-02-05Listing removed$44,900
2025-10-31Listed for sale$44,900
2025-08-09Listing removed$800
2025-08-07Price change$800
2025-07-31Listed for rent$900
2024-12-09Sold$10,000
2024-11-03Pending sale$17,500
2024-10-08Price change$17,500
2024-09-24Price change$19,900
2024-07-22Price change$24,500
2024-06-18Listed for sale$25,000
2009-03-23Sold$3,800

For Sale by Agent

AgentTyler Tresize
BrokerageBlacktree Realty LLC

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