1502 Chapin Street, Jackson, MI 49203 (MLS# 26046337)

1502 Chapin Street, Jackson, MI 49203

New Listing

$79,900

Property Type: Multi Family Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $79,900 List Date: 9/01/2026 Last Modified: 9/01/2026

Overview

Description

**Calling all INVESTORS** This duplex is FULLY OCCUPIED and priced aggressively with a Caprate of 15%. The lower 2BR unit is currently rented for $1,100 and the upper 1BR unit $1,000. Property is city certified until 6/30/28. This property is ideally located within walking distance to Henry Ford Hospital, great shopping, parks and restaurants, as well as quick access to a I-94 and US-127. Seller also has 327 VanBuren St (Duplex) listed for sale and would consider a discounted price for the 2 properties combined.

Listing Details MLS# 26046337

Location Property Info

County: Jackson
Street #: 1502
Street Name: Chapin
Suffix: Street
State: MI
Zip Code: 49203
Zip (4): 1902

General Property Info

Lot Measurement: Acres
Lot Square Footage: 5227
Lot Acres: 0.12
Lot Dimensions: 44X120
Year Built: 1886
New Construction: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2028-06-30
Road Frontage: 66
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 1432
Total Parking Spaces: 2
Waterfront: No
School District: Jackson
Association YN: No

Tax Info

Tax ID #: 6-044400000
Taxable Value: 31129
SEV: 37700
For Tax Year: 2025
Seller's Annual Property Tax: 2079
Tax Year: 2025
Spec Assessment & Ty: none

Remarks Misc

Directions: Between S. Elm Ave and Summit Ave on the north side of Chapin

Access Feat

Accessibility Features: No

More Information

Income and Expenses

Annual Utilities: 2900
Gross Op. Inc.: 25200
Net Operating Income: 14553
Operating Expense: 10647

Unit 1

Unit #: Yes
Unit Description: Upper
SqFt: 614
Occupied: Yes
Monthly Rent: 1000
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: Lower
SqFt: 818
Occupied: Yes
Monthly Rent: 1100
Bathrooms: Yes
Full Baths: Yes

Property Features

Exterior Material: Aluminum Siding Roofing: Other Substructure: Full Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; High Speed Internet Extras: Garages Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water Tenant Pays: None Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: None Driveway: Asphalt Terms Available: Cash; Conventional Possession: Subject To Tenant Rights Sale Conditions: None Unit 1: Range Oven; Refrigerator Unit 2: Range/Oven; Refrigerator

Listing Office: Coldwell Banker Beiswanger Realty Group

Listing Agent: CURTIS G WATSON

Last Updated: September - 01 - 2026

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