118 W Chicago Road, Allen, MI 49227 (MLS# 26038619)

118 W Chicago Road, Allen, MI 49227

New Listing

$249,900

Property Type: Multi Family Lot Size (sq. ft.): 11,064 Status: Active

Current Price: $249,900 List Date: 7/27/2026 Last Modified: 7/27/2026

Overview

Description

Excellent investment opportunity between Jonesville & Coldwater on US-12 ! This well-maintained four-unit apartment building features three apartments on the main level and one spacious apartment upstairs, offering outstanding income-producing potential. Apartment A has been beautifully renovated '26, while the additional apartments feature comfortable living spaces with unique character and strong rental appeal. Attached garage/storage building. This property presents an exceptional opportunity for investors seeking immediate rental income and long-term appreciation. Seller currently occupies one main-level apartment and will lease it back after closing for $650 per month, with lease-back terms to be negotiated as part of the purchase agreement. Do not view without an appointment with agent.

Listing Details MLS# 26038619

Location Property Info

County: Hillsdale
Street #: 118
Street Direction: W
Street Name: Chicago
Suffix: Road
State: MI
Zip Code: 49227

General Property Info

Lot Measurement: Acres
Lot Square Footage: 11064
Lot Acres: 0.25
Lot Dimensions: Irregular
Year Built: 1900
New Construction: No
Financial Available: No
Road Frontage: 77
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 3900
Total Parking Spaces: 6
Waterfront: No
School District: Quincy
Association YN: No
Basement: Yes

Tax Info

Tax ID #: 30-05-075-001-065
Taxable Value: 27411
SEV: 60800
For Tax Year: 2025
Seller's Annual Property Tax: 1134
Tax Year: 2025
Homestead %: 50
Spec Assessment & Ty: Unknown

Access Feat

Accessibility Features: No

Unit 1

Unit Description: Main Floor Left
SqFt: 650
Occupied: No
Bathrooms: Yes
Full Baths: Yes
Deck/Patio: Yes

More Information

Unit 2

Unit Description: Main Floor Right
SqFt: 750
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes
Deck/Patio: Yes
Range/Oven: Yes
Refrigerator: Yes
W/D Hookup: Yes
Washer/Dryer: Yes

Unit 3

Unit Description: Main Floor Rear
SqFt: 1100
Occupied: No
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit Description: Upper Level
SqFt: 1400
Occupied: No
Bathrooms: Yes
Full Baths: Yes

Location & Property Info

Cross Streets: Railroad Street
Property Sub-Type: 2 to 4 Units
Municipality: Village of Allen
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 64.08

Remarks & Misc

Public Remarks: Excellent investment opportunity between Jonesville & Coldwater on US-12 ! This well-maintained four-unit apartment building features three apartments on the main level and one spacious apartment upstairs, offering outstanding income-producing potential. Apartment A has been beautifully renovated '26, while the additional apartments feature comfortable living spaces with unique character and strong rental appeal. Attached garage/storage building. This property presents an exceptional opportunity for investors seeking immediate rental income and long-term appreciation. Seller currently occupies one main-level apartment and will lease it back after closing for $650 per month, with lease-back terms to be negotiated as part of the purchase agreement. Do not view without an appointment with agent.
Legal: Per legal at court house

Lot Description

Level: Yes
Sidewalk: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Electricity Available: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Septic Tank: Yes

Water

Well: Yes

Terms Available

Cash: Yes
Conventional: Yes

Mineral Rights

Unknown: Yes

Laundry Features

In Bathroom: Yes
Main Level: Yes

Exterior Material

Vinyl Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

None: Yes

Tenant Pays

None: Yes

Driveway

Gravel: Yes

Substructure

Michigan Basement: Yes
Partial: Yes

Extras

Garages: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Trash Collection: Yes

Possession

Close Of Escrow: Yes
See Remarks: Yes
Seller Rent Back: Yes
Subject To Tenant Rights: Yes

Property Features

Laundry Features: In Bathroom; Main Level Exterior Material: Vinyl Siding Roofing: Composition Substructure: Michigan Basement; Partial Lot Description: Level; Sidewalk Sewer: Septic Tank Water: Well Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Electricity Available Extras: Garages Owner Pays: Electricity; Gas; Trash Collection Tenant Pays: None Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: None Driveway: Gravel Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Close Of Escrow; See Remarks; Seller Rent Back; Subject To Tenant Rights Sale Conditions: None Unit 1: Deck/Patio Unit 2: Deck/Patio; Range/Oven; Refrigerator; W/D Hookup; Washer/Dryer

Listing Office: Playford Real Estate

Listing Agent: Mary Playford

Last Updated: July - 27 - 2026

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