For Sale
515 N Congress Street, Ypsilanti, MI 48197
$416,000
MLS # 26034680 (Michigan Regional Information Center (MichRIC))
4 unitsBuilt 18430.15 acres
1 / 4
Listing Description
Perfect for student housing. Close to the university and the downtown. Reasonable rents and well maintained. Turnkey investment perfect for a beginner investor.
Source: SparkMLS
About this home
Located in Ypsilanti in Ypsilanti, this property offers 4-bath, with original construction dating to 1843.
Asking $416,000.
Annual property taxes run approximately $9,075 ($756/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms4
Lot Size0.15 acres
Year Built1843
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48197
CountyWashtenaw
School DistrictYpsilanti
Construction & Systems
ConstructionVinyl Siding
BasementMichigan Basement
HeatingForced Air
SewerPublic Sewer
UtilitiesNatural Gas Available, Electricity Available, Electricity Connected
Sale & Financing
Listed7/8/2026
Terms AcceptedVA Loan, FHA, Cash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$9,075
Tax Year2025
Assessed Value$113,512
Parcel #11-11-40-463-002
Source: SparkMLS
Legal Description
*OLD SID - 11 11-060-060-00 YP CITY 10W-58 LOT 60 ASSESSOR'S PLAT NUMBER 10. 515 CONGRESS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Andre Kingston
Beal Properties LLC
Frequently Asked Questions about 515 N Congress Street, Ypsilanti, MI 48197
Which school district serves 515 N Congress Street, Ypsilanti, MI 48197?
Per MLS# 26034680, 515 N Congress Street, Ypsilanti, MI 48197 is in the Ypsilanti boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Ypsilanti directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26034680, this listing accepts VA Loan, FHA, Cash, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 515 N Congress Street, Ypsilanti, MI 48197?
Per public tax records, annual property taxes for this property are $9,075 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 515 N Congress Street, Ypsilanti, MI 48197 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 515 N Congress Street, Ypsilanti, MI 48197 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 515 N Congress Street, Ypsilanti, MI 48197?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public Sewer. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Washtenaw County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$2,698
Principal & interest$2,698
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
515 N Congress Street, Ypsilanti, MI 48197
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Municipality
Ypsilanti
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County
Washtenaw County
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