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$140,000

57 S 3rd St Niles, MI 49120

0.09 acres
Multi-Family

Property details

About 57 S 3rd St

Fully Rented Triplex in Niles! Great investment opportunity with three occupied units. Two units have long-term tenants, and the third is well on the way. Solid rental history and steady cash flow. All three units have their own bathroom and living space. Two units have full kitchens; the third has a more limited setup. Within walking distance of downtown Niles, with easy access to shops, restaurants, and local amenities.

Highlights

Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.09 Acres
Year built1922
MLS #69025032333

Summary

  • Basement: Yes
  • Heating: Forced Air, Natural Gas
  • List Price: $140,000
  • Annual Tax Amount: $1,784
  • Tax Year: 2024
  • Directions: Broadway head south on third. Property is on the right heading south at the sign.
  • Year Built: 1922
  • Lot Size: 0.09 Acres
  • MLS Number: 69025032333
  • MLS Name: Southwestern Michigan Association of REALTORS
  • Office Name: American Dream Team RE Brokers
  • Office Phone: (260) 200-4215
  • Listing Agent: Kelly Schaffer

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/8/2025, 4:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Dec 19, 2023
Home Sold
$90,000
Aug 19, 2020
Home Sold
$30,000

Tax history

YearAssessmentProperty Tax
2024$49,000$1,784
2023$32,800$1,696
2022$30,100$1,616
2021$28,000$1,059
2020$21,600$1,045
2019$20,400$1,022
2018$25,800$998
2017$22,900$981

History based on county public records data.

Nearby schools

6

Ballard Elementary School

Public District PK-5

1.5 mi

1601 W Chicago Rd

5

Brandywine Elementary School

Public District 3-6

3.1 mi

2428 S 13th St

6

Howardellis Elementary School

Public District KG-5

4.8 mi

2788 Mannix St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $24,609. Most Niles, MI residents have annual incomes less than $<35k. 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?

69%
<35k
29%
35k-100k
3%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

51%
Single, No Kids
15%
Single, with Kids
18%
Married, No Kids
16%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

19%
<11 yrs old
7%
12-17 yrs old
24%
18-34 yrs old
40%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Pro WrestlingPro Wrestling
  • Figure SkatingFigure Skating
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • Wal-MartWal-Mart
  • KmartKmart
  • Family DollarFamily Dollar

Where do the neighbors go to eat?

  • SonicSonic
  • Bob EvansBob Evans
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • OldsmobileOldsmobile
  • BuickBuick
  • FordFord

What do the neighbors listen to?

  • Contemporary InspirationalContemporary Inspirational
  • OldiesOldies
  • New CountryNew Country
All data provided by Home Junction and Claritas

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Frequently asked questions

About 57 S 3rd St

The listing price of 57 S 3rd St property is $140,000.

The property 57 S 3rd St is a multi located in Niles, Michigan, 49120.

Active Listing: 57 S 3rd St is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 57 S 3rd St are: Ballard Elementary School (GreatSchools Rating 6/10), Brandywine Elementary School (GreatSchools Rating 5/10), Howardellis Elementary School (GreatSchools Rating 6/10), Eastside Connections School (GreatSchools Rating 7/10), Ring Lardner Middle School (GreatSchools Rating 5/10), Brandywine Middle School (GreatSchools Rating 5/10), Niles Community Schools Adult Education (GreatSchools Rating 2/10), Niles Senior High School (GreatSchools Rating 6/10), Niles Cedar Lane (GreatSchools Rating 3/10).

According to the records, the last property tax for 2024 is $1,784 (source: MLS/based on county public records data).

The last sale was on December 19, 2023 for $90,000 (source: MLS/tax record).

The year of construction for 57 S 3rd St is 1922.

This home is located at 57 S 3rd St in Niles, MI and zip code 49120. Features: 0 bathroom. It has been listed on Rocket Homes since July 3, 2025 and is currently priced at $140,000.

In June 2025 more than 8 listings in Niles, MI were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 16 were sold below. Between May and June 2025, Niles, MI real estate market has seen increase in the number of listings by 5.4%. The median list price of listings available in June 2025 was $203,500, while the average time on the real estate market was 48 days.

From Rocket Homes Real Estate and based on county public records data.

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