$4,750 Closing Credit¹
#20250007590, Darryn Brundage-Forrest, Listing office: @properties Christies Intl RE Ann Arbor
$236,900 List price
550 1st Ave Ypsilanti, MI 48197
$2,813
Closing credit¹
0.3 acres
Multi-Family
Property details
About 550 1st Ave
Investment opportunity! This top-bottom duplex offers great income potential. Upper unit (2 bed/1 bath) with kitchen, living area, and balcony is leased through 6/31/2025 at $1,200/mo. Lower unit (2 bed/1 bath) is currently vacant features updated flooring and a new furnace (2020) . Detached 2-car garage leased through 6/7/2025 at $260/mo. Fire escape meets city code. Shared laundry in utility room. Large fenced backyard. Convenient location near EMU, I-94, and downtown Ypsilanti. City certified till Dec. 2026. Lots of potential for investors! Do not disturb tenants.
Highlights
Home typeMulti Family
HeatingForced Air
StatusActive
CoolingCentral Air
Lot size0.3 Acres
Year built1959
ParkingConcrete, Driveway
MLS #25024213
Summary
- Basement: No
- Attached Garage: No
- Parking: Concrete, Driveway
- Heating: Forced Air
- Cooling: Central Air
- List Price: $236,900
- Annual Tax Amount: $3,612
- Tax Year: 2024
- Directions: Michigan Ave to 1st Avenue
- Year Built: 1959
- Lot Size: 0.3 Acres
- MLS Number: 25024213
- Office Name: Trillium Real Estate
- Office Phone: (734) 302-3011
- Listing Agent: Amer Bishtawi
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 12:50:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$236,900
550 1st Ave
$2,813
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 19, 2023 | Home Sold | $190,000 |
| Dec 09, 2020 | Home Sold | $142,000 |
| Nov 13, 2018 | Home Sold | $119,000 |
| Feb 14, 2013 | Home Sold | $31,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $79,100 | $3,612 |
| 2023 | $65,400 | $4,259 |
| 2022 | $61,800 | $4,259 |
| 2021 | $54,200 | $3,743 |
| 2020 | $44,900 | $- |
History based on county public records data.
Nearby schools
1
Estabrook Elementary School
Public District 2-5
1.2 mi
•1555 W Cross St
3
Ypsilanti International Elementary School
Public Magnet PK-5
1.7 mi
•503 Oak St
1
Erickson Elementary School
Public District 1-5
2.0 mi
•1427 Levona St
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 $32,250. Residents of Ypsilanti, MI typically earn less than $<35k each year. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
53%
<35k
44%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
44%
Single, No Kids
35%
Single, with Kids
7%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
28%
<11 yrs old
10%
12-17 yrs old
31%
18-34 yrs old
23%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
UFC- Pro Boxing
Where do the neighbors shop?
Burlington
Family Dollar
Express/Express For Men
Where do the neighbors go to eat?
Cicis Pizza
Burger King
Popeyes
What do the neighbors drive?
Pontiac
Buick
Dodge
What do the neighbors listen to?
Urban Contemporary
Adult Standards
Contemporary Inspirational
All data provided by Home Junction and Claritas
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$5,641 Closing Credit¹
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Frequently asked questions
About 550 1st Ave
The listing price of 550 1st Ave property is $236,900.
The property 550 1st Ave is a multi located in Ypsilanti, Michigan, 48197.
Active Listing: 550 1st Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 550 1st Ave are: Estabrook Elementary School (GreatSchools Rating 1/10), Ypsilanti International Elementary School (GreatSchools Rating 3/10), Erickson Elementary School (GreatSchools Rating 1/10), Washtenaw International Middle Academy (GreatSchools Rating 5/10), Ypsilanti Community Middle School (GreatSchools Rating 1/10), Fortis Academy (GreatSchools Rating 5/10), Wsc Academy Ypsilanti Campus (GreatSchools Rating 5/10), Washtenaw Alliance for Virtual Education (GreatSchools Rating 3/10), Washtenaw International High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $3,612 (source: MLS/based on county public records data).
The last sale was on April 19, 2023 for $190,000 (source: MLS/tax record).
The year of construction for 550 1st Ave is 1959.
This home is located at 550 1st Ave in Ypsilanti, MI and zip code 48197. Features: 0 bathroom. It has been listed on Rocket Homes since May 26, 2025 and is currently priced at $236,900.
In May 2025, from all listings sold in Ypsilanti, MI there were more than 51 sold above asking price, over 25 sold below and more than 9 were sold right at the asked price. The number of listings in Ypsilanti, MI decreased by 1.3% between April and May 2025. In May 2025, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $280,500.
From Rocket Homes Real Estate and based on county public records data.