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Jackson 49202
615 W Monroe Street
$95,000
● House - Off Market

615 W Monroe Street

Jackson, MI 49202
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,993 Ft²
$111,396
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Great location and so much potential!  This city charmer has space for a growing family, including an inviting foyer and open floor plan.  The main level hosts a very large living room, full size bath, open kitchen, laundry and formal dining room.  There is also a mud room off the kitchen leading to a deck and fenced-in backyard.  Upstairs hosts 3 bedrooms and a second large bathroom.  There are so many perks including central air, vinyl siding and a super convenient location close to restaurants, shopping and highways. A few personal touches will make this an amazing family home.  In addition, the seller is offering a $3,000 allowance for new flooring.  You won't get a better home for the price.
Unit Size
1,993 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$50
Property Type
House
Property Taxes
$118
HOA Dues
-
Year Built
1910

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #21112923)

Price History

Date / Event Date Event Price
Nov 29, 2021 Sold
Premium
Sold
Oct 29, 2021 Listed by GOOD EARTH REAL ESTATE, LLC $99,900
Listed by GOOD EARTH REAL ESTATE, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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 Cover: 0
  • Basement Type: 9
  • Basement Area: 680
  • Garage Type: 7
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,298
  • Building Area: 1,298
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,298
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLK G MARVINS ADD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 8 BLK G MARVIN'S ADD

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000100

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 2-44
  • District: 50
  • Parcel: 2-211900000
  • Block: G
  • Lot: 8
  • Municipality: JACKSON CITY
  • Latitude: 42.265
  • Longitude: -84.4195

    Address

  • Full Address: 615 W Monroe St
  • Legal Unit: 8
  • Address - House Number: 615
  • Street Direction: W
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C002
  • 4-Digit Zip Code: 2020
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $232,977
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2735
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 60
  • Final Value: 146,198
  • High Value: 186,188
  • Low Value: 106,207

    Market Valuation

  • Market Total Value: $124,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 01, 2021
  • Current Sale Recording Date: Nov 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2900335
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 Jackson

Stats & Trends

Median Asking:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1484 ft²

Average Home Age

98.2 years

Currently For Sale

117 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: Christy Cottingham, GOOD EARTH REAL ESTATE, LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21112923
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 615 West Monroe Street built and last sold?
The property at 615 West Monroe Street was built in 1910 and last sold on Nov 1, 2021 for $95,000.
How much is this home worth?
The estimated value of the home located at 615 West Monroe Street is $107,098.
What are some comparable homes to 615 West Monroe Street?
There are currently no comparable homes to 615 West Monroe Street.
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