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820 Wallace Ave, Kalamazoo, MI, 49048

$140,000

Home List Price

$1,663*

Closing Credit

0 Baths
Multi

Location

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820 Wallace Ave, Kalamazoo$140,000

Buyer Closing Credits

$1,663*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1900
HeatingNatural Gas, Forced Air
CoolingWindow Unit(s)
BasementYes
MLS #66024060519
Lot Size0.24 Acres
StatusActive

About 820 Wallace Ave

Don't miss this fantastic investment opportunity! This duplex features a 2-bedroom, 1-bath unit currently rented for $835/month to month, its neighboring unit is a 1-bedroom, 1-bath unit renting for $930/month until fall of 2025. The property offers a spacious basement for additional storage and a large backyard area. What a great choice for any investor looking to get started! Call or text for more information.

Property Details

Property Features

Property Information:

  • Year Built: 1900

Listing Office:

  • Office Name: Lockett-Jones Realty Group
  • Office Phone: (269) 720-5182
  • Listing Agent: Jennell Robinson

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: From E .Main St., turn right onto Wallace Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $140,000

Tax Information:

  • Annual Amount: $2,231
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Kalamazoo, MI.

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Kalamazoo, MI

City

Med. Sold Price

$227.3K

Med. Price/SqFt

$172

Avg. Days On Market

28

# of Sold Homes

132

820 Wallace Ave vs Kalamazoo

1 DAY ON ROCKET

-27 Days

$140,000

-$87.3K Less

KEY TAKEAWAY

This property is $87.3K less than the Median Sold Price in Kalamazoo, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Kalamazoo Association of REALTORS®
  • MLS Number: #66024060519

Listing Office:

  • Office Name: Lockett-Jones Realty Group
  • Office Phone: (269) 720-5182
  • Listing Agent: Jennell Robinson

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 © 2024 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: 11/22/2024, 2:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 30, 2021Home Sold
$103,000
Sep 06, 2018Home Sold
$84,000
Jul 11, 2016Home Sold
$22,250

Tax History

YEARPROP. TAXASSESSMENT
2021$2,231$36,700
2020$2,147$32,400
2019$2,147$29,600
2018 - $29,900
2017 - $27,900

History based on county public records data.

Payment Calculator

$766

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$486

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-499128
3
/10

  • Northeastern Elementary School

  • 2433 Gertrude St

  • 0.60 miles

  • Public District Grades PK-5

school-card-donut-499129
4
/10

  • Lincoln International Studies School

  • 912 N Burdick St

  • 1.41 miles

  • Public Magnet Grades PK-5

school-card-donut-499130
3
/10

  • Edison Academy

  • 924 Russell St

  • 1.42 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,104. The most common annual income of people living in Kalamazoo, MI is less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Kalamazoo, MI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Kalamazoo, MI?

Kalamazoo's housing market is diverse, offering a mix of architectural styles that cater to a range of preferences. Single-family homes are prevalent, with a significant portion featuring historic Victorian and Craftsman designs, reflecting the city's rich architectural heritage. The market also includes modern condominiums and apartments, providing options for those seeking urban living. The homeownership rate in Kalamazoo is robust, with a healthy balance between owners and renters in the community.

What are the advantages of living in Kalamazoo, MI?

Kalamazoo prides itself on being a vibrant and culturally rich community, with a strong emphasis on education and the arts. The city is celebrated for its annual events such as the Kalamazoo Animation Festival International and the Kalamazoo Blues Festival, which showcase the community's artistic spirit and collective values. The presence of Western Michigan University adds a youthful energy to the city, fostering an environment of innovation and learning.

Are essential services in Kalamazoo, MI convenient?

The community benefits from a solid educational system, including a number of public and private schools that cater to various educational needs, as well as higher education institutions like Western Michigan University and Kalamazoo College. Healthcare services are comprehensive, with several hospitals and clinics offering a range of medical services from primary care to specialized treatments. The public library system is well-developed, and the city's retail and dining scenes reflect the local culture, with an emphasis on farm-to-table restaurants and locally-owned shops.

How do Kalamazoo, MI residents get around?

Kalamazoo features a reliable public transportation system with buses running on a regular schedule, facilitating easy access across the city. While ride-sharing services are available, the city also promotes walkability, particularly in the downtown area which is designed to be pedestrian-friendly. The city is well-connected by major roads and highways, including I-94 and US-131, which support commuting and regional travel. Efforts to enhance transportation efficiency and accessibility are ongoing, with improvements to public transit and road infrastructure.

Rocket Homes›Michigan›Kalamazoo County›Kalamazoo›49048›820 Wallace Ave

This home is located at 820 Wallace Ave in Kalamazoo, MI and zip code 49048. This home, which was built in 1900, sits on a 0.24 acre lot. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $140,000.

While more than 38 listings in Kalamazoo, MI in October 2024 were sold above asking price, there were more than 29 listings sold at asking price, and more than 65 were sold below. The number of listings in Kalamazoo, MI increased by 5.7% between September 2024 and October 2024. While the average time on the market in October 2024 was 28 days, the median list price was $227,301.

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

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