Sold
881 Monroe Street, Ypsilanti, MI 48197
Sold on 05/21/2026 for$165,000
MLS # 20261023890 (Realcomp)
Built 19580.15 acres
1 / 3
Listing Description
Brick Multifamily Investment Property - 881-883 Monroe - Close to Eastern Michigan University, Depot Town and the I-94 Freeway. Separate electric, separate gas. Updates include: Vinyl windows, dimensional shingles, steet exterior doors. Very Long term tenants on month to month. Do not disturb tenants. Subject to tenant's rights.
Source: SparkMLS
About this home
Located in Ypsilanti in Ypsilanti, this property offers 2-bath, with original construction dating to 1958.
This home sold for $165,000.
Property tax estimate: $2,664 per year ($222/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
Bathrooms2
Lot Size0.15 acres
Year Built1958
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48197
CountyWashtenaw
School DistrictYpsilanti
Construction & Systems
ConstructionBrick
BasementSlab
HeatingForced Air
WaterPublic
Sale & Financing
Listed4/2/2026
Sold Date5/20/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,664
Parcel #111137131011
Source: SparkMLS
Legal Description
*OLD SID - 11 11-475-391-00 YP CITY 48W-279 LOT 391 & N 8' OF VAC ALLEY PARK RIDGE.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Mike Shannon
Metropolitan Real Estate
Frequently Asked Questions about 881 Monroe Street, Ypsilanti, MI 48197
What school district is 881 Monroe Street, Ypsilanti, MI 48197 in?
Per MLS# 20261023890, this property is served by Ypsilanti. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20261023890, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261023890, the most recent reported annual property tax for 881 Monroe Street, Ypsilanti, MI 48197 is $2,664. 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.
Is 881 Monroe Street, Ypsilanti, MI 48197 eligible for USDA financing?
Per USDA Rural Development boundary data, 881 Monroe Street, Ypsilanti, MI 48197 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 881 Monroe Street, Ypsilanti, MI 48197 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Washtenaw County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
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Monthly payment$1,109
Principal & interest$1,109
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
881 Monroe Street, Ypsilanti, MI 48197
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Municipality
Ypsilanti
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County
Washtenaw County
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