$1,839
closing credit¹
1025 River Ave Iron Mountain, MI 49801
Property details
About 1025 River Ave
This beautifully updated 1800s house has been thoughtfully converted into two distinct apartments, each offering modern amenities while preserving the charm of its historic roots. The main floor apartment excludes character with its spacious layout, featuring French doors that lead into a versatile sitting area or a second bedroom. The unit also includes a large living room, a well-equipped kitchen, an updated bathroom. The unit also includes a large living room, a well-equipped kitchen, an updated bathroom, and modernized electrical systems. With central air conditioning and a 2-car attached garage. this unit combines convenience with classic style. The upper-level apartment, accessible through a separate entrance, offers a cozy 1 bedroom, 1 bath layout. It includes a generous living room, dining room, and kitchen, all updated for contemporary living. Situated on a corner lot, the property benefits from a spacious-feeling yard, perfect for outdoor enjoyment. Located within walking distance to shopping, dining, and parks, this property is ideal for tenants seeking both comfort and convenience. The seller captures $1,300 per month in rental income, with base utilities and Wi-Fi included, while tenants cover any overages. This is a fantastic opportunity for those looking to invest in a property with character and steady income.
Highlights
Summary
- MLS Number: 50153112
- MLS Name: Upper Peninsula Assoc of Realtors
- Office Name: LEEDS REAL ESTATE
- Office Phone: (906) 779-5333
- Office Email: frontdesk@leedsrealestate.net
- Listing Agent: KIMBERLY WEBB
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/3/2025, 3:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$154,900
1025 River Ave
$1,839
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $44,700 | $- |
| 2023 | $36,900 | $- |
| 2022 | $33,500 | $- |
| 2021 | $32,600 | $- |
| 2020 | $31,400 | $- |
| 2019 | $28,400 | $- |
| 2018 | $28,400 | $- |
History based on county public records data.
Nearby schools
6
East Elementary School
Public District 5-6
0.4 mi
•300 W B St
4
North Elementary School
Public District KG-4
1.3 mi
•900 5th St
6
Woodland Elementary School
Public District KG-4
1.9 mi
•2000 W Pyle Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,180. Most Iron Mountain, MI residents have annual incomes between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
Figure Skating
PGA/LPGA
Where do the neighbors shop?
Academy Sports & Outdoors
Kmart
Stein Mart
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Arbys
What do the neighbors drive?
Chevrolet
Buick
Lincoln
What do the neighbors listen to?
Country
Oldies
Adult Standards
This home is located at 1025 River Ave in Iron Mountain, MI and zip code 49801. This 1,224 square foot home, which was built in 1887, sits on a 0.14 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 23, 2024 and is currently priced at $154,900.
While more than 0 listings in Iron Mountain, MI in January 2025 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below. The number of listings in Iron Mountain, MI decreased by 4.7% between December and January 2025. Listings spent 16 days on the market in January 2025, and had a median list price of $117,000 during the same period.