$182,000

657 Lake Ave Ironwood, MI 49938

$2,161
Closing credit¹
4 beds
2 full
2,048 sqft
0.1 acres
$89 / sqft
Multi-Family

Property details

About 657 Lake Ave

Are you looking for a great investment opportunity in Ironwood? This beautiful, brick 2-story duplex is located a very short distance from both non-motorized and motorized recreational trails. With plenty of parking, an attached two car garage and small carport style storage shed, there is more than enough room for all of your outdoor gear or equipment. The enclosed entryway provides a great transition into the property, both units have their own private entrances which have been updated with smart locks for ease of entry. Unit A, the main floor apartment is an established long term rental, while Unit B, the upstairs apartment, was used for both personal use and as a midterm rental. Both apartments have two bedrooms, one bathroom, beautiful hardwood floors, large closets and lots of character! Unit B is equipped with brand new baseboard heaters with smart thermostats in each room to provide an extra level of comfort, while being energy efficient. The kitchen appliances in Unit B were replaced in 2023 and the shower was completely redone only a few months ago. A brand new washer/dryer combo was recently installed in Unit B, giving both apartments easy access to laundry facilities. The large open basement also includes a washer/dryer for tenants, a brand new hot water heater and ample storage for owners and tenants alike! The metal roof was replaced in 2022 and the shingled roof over the main house was replaced in 2023. There is new tuckpointing on the brick exterior and a new garage door opener was added to one side of the garage. A lot of love and care has been put into this property and now it's waiting for your personal touches!

Highlights

Home typeMulti Family
HeatingForced Air
StatusActive
CoolingWindow Unit(s)
Size2,048 sqft
BasementYes
Lot size0.15 Acres
Year built1927
Parking3 or More Spaces, Garage
MLS #50161649
Attached garage2 spaces

Summary

  • Full Bathrooms: 2
  • Appliances: Dryer, Microwave, Range, Oven, Refrigerator, Washer
  • Basement: Yes
  • Interior: Furnished, Hardwood Floors
  • Total Bedroom Count: 4
  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: 3 or More Spaces, Garage
  • Waterfront: None
  • Exterior: Exterior Balcony, Porch
  • Heating: Forced Air
  • Cooling: Window Unit(s)
  • List Price: $182,000
  • Price/SqFt: $88
  • Annual Tax Amount: $1,656
  • Tax Year: 2024
  • Directions: If leaving from Bessemer. -Head West on US HWY 2 to come into Ironwood. -Turn left onto Lake Street (next to the Circle K Gas Station and across from Walgreens). -The Duplex is the first property on the left, next to UP Beat Nutrition.
  • Year Built: 1927
  • Stories: 2
  • Living Area: 2,048 SqFt
  • School District: Ironwood Area Schools
  • Lot Size: 0.15 Acres
  • MLS Number: 50161649
  • MLS Name: Upper Peninsula Assoc of Realtors
  • Office Name: FIRST WEBER, INC
  • Office Phone: (906) 667-6366
  • Listing Agent: HELENA LONGHINI

IDX 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: 5/29/2025, 6:20:30 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

657 Lake Ave, Ironwood, MI 49938 - view of front facade with brick siding

$182,000

657 Lake Ave

$2,161

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jul 31, 2023
Home Sold
$104,500
Mar 25, 2021
Home Sold
$55,000

Tax history

YearAssessmentProperty Tax
2024$41,260$1,656
2023$35,411$-
2022$29,099$-
2021$24,330$-
2020$22,010$-
2019$20,514$-
2017$20,120$-

History based on county public records data.

Nearby schools

7

Hurley Elementary School

Public District PK-5

2.3 mi

5503 W Range View Dr

5

Washington School

Public District KG-6

5.3 mi

301 E Sellar 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 $35,851. Residents of Ironwood, MI typically earn less than $<35k each year. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

49%
<35k
44%
35k-100k
7%
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?

47%
Single, No Kids
11%
Single, with Kids
29%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
6%
12-17 yrs old
20%
18-34 yrs old
41%
35-64 yrs old
18%
65+ yrs old

What do the neighbors do for fun?

  • Extreme SportsExtreme Sports
  • Figure SkatingFigure Skating
  • NASCARNASCAR

Where do the neighbors shop?

  • Academy Sports & OutdoorsAcademy Sports & Outdoors
  • KmartKmart
  • Dollar GeneralDollar General

Where do the neighbors go to eat?

  • Little CaesarsLittle Caesars
  • Bob EvansBob Evans
  • Cracker BarrelCracker Barrel

What do the neighbors drive?

  • ChevroletChevrolet
  • BuickBuick
  • RamRam

What do the neighbors listen to?

  • CountryCountry
  • OldiesOldies
  • Classic CountryClassic Country
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 657 Lake Ave in Ironwood, MI and zip code 49938. This 2,048 square foot home, which was built in 1927, sits on a 0.15 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $182,000.

Over 0 listings were sold over their listed price in April 2025 in Ironwood, MI. In the same period over 0 listings were sold below the listed price and 2 listings were sold for the listed price. Between March and April 2025, Ironwood, MI real estate market has seen increase in the number of listings by 25.9%. The median list price of listings available in April 2025 was $73,950, while the average time on the real estate market was 60 days.

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

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