Brick Duplex with
New
For Sale
$850,000
1540 Packard St, Ann Arbor, MI 48104
Two residences offer separate kitchens and living areas, with a patio adjoining the main-level sunroom.
Property SizeContact for details
Days on Market7
Property Features for 1540 Packard St
General Information
Standard status
Active
Property subtype
Investment
Site & Location
Neighborhood
Lower Burns Park Neighborhood
Units
Unit Mix
1 x 2BR/2BA, 1 x 4BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$12,629
Building Details
Year Built
1938
Buildings
1
Units
2
Construction
brick
Tenancy
Multi
Listing Agency:
@propertiesChristie's Int'l AA
Listed By:
Ilana Riback
(734) 730-5266
Source:
Elliman
Added: Oct 26
Changed: Oct 31
Last Checked: Nov 1 at 7:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @propertiesChristie's Int'l AA
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Investment Insights
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Built in 1938, this brick duplex at 1540 Packard St contains two vertically arranged residences. The main-level home has 2 bedrooms, 2 full baths, a great room, dining area, and sunroom with sliding doors to a refreshed patio. Upstairs, the 4-bedroom, 2-bath residence has its own kitchen and living and dining areas. Hardwood floors, architectural details, and natural light appear throughout many rooms.
The City of Ann Arbor certifies the property as a two-unit rental, with its Certificate of Compliance valid through January 24, 2028. The lower residence is occupied under a joint lease through August 2027. Upstairs, three bedrooms have individual one-year leases starting in August 2026; the fourth bedroom is vacant. Utility arrangements differ between the residences. The property is in the Lower Burns Park neighborhood of Ann Arbor.
The City of Ann Arbor certifies the property as a two-unit rental, with its Certificate of Compliance valid through January 24, 2028. The lower residence is occupied under a joint lease through August 2027. Upstairs, three bedrooms have individual one-year leases starting in August 2026; the fourth bedroom is vacant. Utility arrangements differ between the residences. The property is in the Lower Burns Park neighborhood of Ann Arbor.
Key Highlights
- Two‑unit brick duplex built in 1938
- Lower residence: 2 bedrooms and 2 full baths; upper residence: 4 bedrooms and 2 full baths
- City of Ann Arbor Certificate of Compliance valid through January 24, 2028
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
817
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Demographics for 48104, MI
41,588
Population
19,173
Households
2.2
Avg Household Size
27
Median Age
82%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
5,332
Density / Sq Mi
$63,341
Median Household Income
$16,073
Median Earnings
$1,548
Median Rent
$481,600
Median Home Value
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate kitchens and living areas, with a patio adjoining the main-level sunroom.
Where is this duplex located?
The property is located at 1540 Packard St Ann Arbor, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1938; Lower residence: 2 bedrooms and 2 full baths; upper residence: 4 bedrooms and 2 full baths; City of Ann Arbor Certificate of Compliance valid through January 24, 2028
