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Niles 49120
1111 Cass Street
$143,000
● House - Off Market

1111 Cass Street

Niles, MI 49120
bedrooms
2 Beds
bathrooms
1 Bath
square feet
781 Ft²
$749
Est. Monthly
8.05%
Cap Rate

About This Property

Take a look at this adorable (and affordable!) home in Niles City.  This home has updates throughout and features 2 main floor bedrooms, a charming living room, heated front porch and an updated bathroom with shower.  Upstairs you will find a bonus area for an additional sleeping area, extra living area, office or more (please note ceiling height is too low for square footage to count- but this is very usable area!)  Outdoors there is more opportunity for storage with a 1 car detached garage and storage shed.  Enjoy summer in Southwest Michigan in this fenced in backyard!
Unit Size
781 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$179
Property Type
House
Property Taxes
$61
HOA Dues
-
Year Built
1933

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #24024058)

Price History

Date / Event Date Event Price
Jun 20, 2024 Sold
Premium
Sold
May 19, 2024 In contract -
In contract
May 15, 2024 Listed by Cressy & Everett Real Estate $140,000
Listed by Cressy & Everett Real Estate
Jun 5, 1995 Sold
Premium
Sold
Sep 1, 1976 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 640
  • Garage Type: 7
  • Garage Square Area: 352
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,793
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 440
  • Total Building Area: 800
  • Building Area: 800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 800
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JACOB BEESONS SECOND ADD
  • Land Acres: 0000000133
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THE W 22'OF LOT 208 & E 22' OF LOT 209 JACOB BEESONS SECOND ADD TO NILES

Neighborhood

  • School District Name: Niles Community School District
  • School Tax School District: NILES
  • Census Tract: 020900

Zoning

  • Zoning: LDR

Geography

  • Assessors Map Reference: 026-3
  • District: 72
  • Parcel: 72-0850-0208-01-6
  • Lot: 208-209
  • Municipality: NILES CITY
  • Latitude: 41.8328
  • Longitude: -86.246

    Address

  • Full Address: 1111 Cass St
  • Address - House Number: 1111
  • Address - Street Name: Cass
  • Address - Suffix Type: St
  • State: MI
  • City Name: Niles
  • Carrier Code: C005
  • 4-Digit Zip Code: 2516
  • Zip Code: 49120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $56,092

    Appraisal Valuation

  • Standard Deviation: 0.3113
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 37
  • Final Value: 69,493
  • High Value: 91,132
  • Low Value: 47,853

    Market Valuation

  • Market Total Value: $64,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 05, 1995
  • Current Sale Recording Date: Jun 05, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 01, 1976
  • Previous Sale Contract Date: Sep 01, 1976
  • Previous Sale Amount: $14,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Niles

Stats & Trends

Median Asking:

$185,000

Sale Price/ft²

$137

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1553 ft²

Average Home Age

78.2 years

Currently For Sale

31 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: Ben Stephen, Cressy & Everett Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24024058
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1111 Cass Street built and last sold?
The property at 1111 Cass Street was built in 1933 and last sold on Jun 5, 1995 for $100.
How much is this home worth?
The estimated value of the home located at 1111 Cass Street is $140,560.
What are some comparable homes to 1111 Cass Street?
There are currently no comparable homes to 1111 Cass Street.
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