Residential Income

Chassell, MI Residential Income Properties for Sale

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Houghton, MI Dollar Bay, MI Hancock, MI Baraga, MI Pelkie, MI Atlantic Mine, MI Hubbell, MI Toivola, MI
10-Unit Apartment Building
Updated: May 27
10-Unit Apartment Building

42280 Willson Memorial Drive, Chassell, MI 49916

$610,000
8,184 sqft 1.03 AC lot
10‑unit multifamily property with studio, one‑bedroom, and two‑bedroom units
Approximately 8,184 square feet on approximately 1.03 acres
Converted from motel use to apartments during 2010–2011
Directly positioned on US‑41, approximately 7.6 miles from Houghton
Updated insulation, drywall, flooring, windows, roofing, boiler systems, soffits, and fascia
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10-Unit Apartment Building
Updated: May 27
10-Unit Apartment Building

42280 Willson Memorial Drive, Chassell, MI 49916

$610,000
8,184 sqft 1.03 AC lot
10‑unit apartment property with studio, one‑bedroom, and two‑bedroom layouts
Approximately 8,184 square feet on approximately 1.03 acres
Converted from motel use to apartments during 2010‑2011
Directly on US‑41 and approximately 7.6 miles from Houghton
Adjacent to Chassell Centennial Park with views toward Pike Bay and Portage Lake
View details
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2 active listings match your search: Residential Income for sale in Chassell, MI. Based on your search, we've also compiled 8 Potential Opportunities for your consideration: 4 properties in nearby cities and 4 land listings with development potential.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Building with Apartment
Mixed-Use Building with Apartment

409 Lake Linden Avenue, Laurium, MI 49913

$159,900
1,312 sqft 0.13 AC lot

Street-level salon space is paired with a two-bedroom residence above.

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Updated Duplex with Flexible Layout
Updated Duplex with Flexible Layout

803 Elm Street, Hancock, MI 49930

$229,900
3,040 sqft 0.12 AC lot

Two residential units offer separate entrances, shared laundry, porch space, and access to parking from the side and alley.

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Two-Story Duplex with Parking
Two-Story Duplex with Parking

319 WHITE Street, Hancock, MI 49930

$189,500
1,584 sqft 0.13 AC lot

Leased two-unit property with a basement, updated upper-level bathroom, porch, and in-place appliances.

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Mixed-Use Building with Apartment
Mixed-Use Building with Apartment

409 Lake Linden, Laurium, MI 49913

$159,900

A separate, partially finished area offers additional space alongside the street-level business and upstairs residence.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Wooded Acre Building Lot
Wooded Acre Building Lot

Greenway Drive, Portage, MI 49931

$41,000
1.00 AC lot

Private 1-acre building lot near MTU Golf Course.

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Wooded Building Lot Near Golf
Wooded Building Lot Near Golf

Greenway Drive, Portage, MI 49931

$41,000
1.10 AC lot

Private, wooded 1.1-acre building lot near golf course.

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Houghton Land Development Opportunity
Houghton Land Development Opportunity

Cedar Street, Houghton, MI 49931

$499,900
75.95 AC lot

75+ acres of prime land in Houghton, Michigan.

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Lakefront Waterfront Land
Lakefront Waterfront Land

Keweenaw Pass Road, Lake Linden, MI 49945

$49,900
2.10 AC lot

Wooded recreational parcel with a camper, cleared areas, and direct access to a private lake.

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Chassell, MI Residential Income Properties Market Trends and Statistics

Explore 2 residential income properties for sale in Chassell, MI on our real estate platform. These investment opportunities span a total of 16,368 square feet of properties for sale, with an estimated market value of $1,220,000.

Sale prices for residential investment properties in Chassell, MI average $610,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Apartment buildings 2
Multifamily properties 2

Demographics Overview

Population 3,157
Population Growth (5Y) +7.8%
Median Household Income $77,000
College Educated 51.6%

High-Yield Neighborhoods for Investment

Identify Chassell submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
49916 $610K

Listings Trend

New vs delisted commercial listings in Houghton County

New Delisted

Total CRE Inventory on Market (SF)

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