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Back 47 South 3rd Street
Off Market

47 South 3rd Street

Niles MI 49120

3325 sq. ft.
0.18 ac.
Multi-Family
Last sold for $360,000
Catherine WaggonerCatherine Waggoner, last sold this property on 06 November 2025 after 61 days on market.

Overview

This fully remodeled 3-unit property in the City of Niles is turnkey and ready for its next owner. It offers two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all updated with new electric, new windows, plumbing, and HVAC plus a 2-zone system for efficiency. The front porch is newly rebuilt to enjoy throughout the year. Features include two water heaters, coin-operated laundry in the basement for added income, and a third floor blank canvas for expansion, storage, or office space. With projected monthly income of $3,800-$4,400 and the flexibility of being vacant, the new owner can create their own rental model from the start. Located near downtown shops, dining, and community attractions, this is a prime opportunity for investors seeking cash flow in a growing market.

Features

3325 sq. ft. floor area
0.18 ac. lot size
Multi-Family

Estimated Value

We need at least 3 similar multi families sold in Niles over the last 12 months.

Property history for 47 South 3rd Street

2025
Sold
$360,000
06 Nov 2025 by Catherine Waggoner, of CK Home Group

Happy sellers in Niles

90%
90% of sellers in Niles reported that their sale price either exceeded or met their price expectations.

Niles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Niles over the last 12 months.

Local market activity for multi families in Niles

In the last 12 months, 2 multi families similar to 47 South 3rd Street, have been sold.

This represents a 50% increase in multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Niles

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Kati Luke

Kati Luke is an award winning recommended agent for Niles.  They have 9 local sales and collected 6 local reviews across the last 12 months.

  •   5   (8 reviews)
  •  6 Reviews in Niles
  •  9 Sales in Niles
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Kyle Zelmer

Kyle Zelmer is an award winning recommended agent for Niles.  They have 16 local sales and collected 4 local reviews across the last 12 months.

  •   5   (37 reviews)
  •  4 Reviews in Niles
  •  16 Sales in Niles
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Cloe Mittan

Cloe Mittan is a recommended agent for Niles.  They have 4 local sales and collected 2 local reviews across the last 12 months.

  •   5   (4 reviews)
  •  2 Reviews in Niles
  •  4 Sales in Niles
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Jamie Tolosa

Jamie Tolosa is a recommended agent for Niles.  They have 7 local sales and collected 1 local review across the last 12 months.

  •   5   (2 reviews)
  •  1 Review in Niles
  •  7 Sales in Niles
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