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$360,000
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Property Description
This fully remodeled 3-unit property in the City of Niles is turnkey and ready for its next owner. It offers two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all updated with new electric, new windows, plumbing, and HVAC plus a 2-zone system for efficiency. The front porch is newly rebuilt to enjoy throughout the year. Features include two water heaters, coin-operated laundry in the basement for added income, and a third floor blank canvas for expansion, storage, or office space. With projected monthly income of $3,800-$4,400 and the flexibility of being vacant, the new owner can create their own rental model from the start. Located near downtown shops, dining, and community attractions, this is a prime opportunity for investors seeking cash flow in a growing market.
Full Property Details
Full Property Details for 47 S 3rd St
General
- Sold For: $360,000
- Taxes: $699
- Status: Closed
- Type: Single Family
- Source: SWMRIC_MLS
- MLS ID: 25045667
- Added to Site: 133 day(s) ago
Parking
- Total Spaces: 6
- Parking Features: Driveway, Gravel
Location
- Area: Southwestern Michigan - S
- County: Berrien
- Cross Streets: Broadway and 3rd
- Driving Directions: Broadway south on Third Street. House on east side of the street.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Cable Available: Yes
- Utility Description: Phone Available, Cable Available, Natural Gas Connected
Structural Information
- # Buildings: 1
- Construction: Wood Siding
- Basement: Yes
- Roof: Composition
- Year Built: 1918
Lot Features
- Lot Size (Acres): 0.18
- Lot Size (Sq. Ft.): 7,888
- Lot Features: Sidewalk
Financial Considerations
- Tax Amount: $699
- Terms: Cash, Conventional
- Landlord Pays: Electricity, Water, Sewer, Gas
- Tenant Pays: None
Disclosures and Reports
- Legal Description: LOT 42 H B & G W HOFFMAN & C K GREEN ADD TO NILES
- Property ID: 11-73-2700-0042-00-5
Listed by CK Home Group, Catherine Waggoner
Sold by Realty Executives Instant Equity, Ryan F Katowich
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Schools
Schools serving 47 S 3rd St
School District:Niles Community School District
| Name | Grades | Distance |
|---|---|---|
Ballard Elementary School 1601 West Chicago Road, Niles, MI 49120 | K-5 | 1.5 mi |
Ring Lardner Middle School 801 North 17th Street, Niles, MI 49120 | 7-8 | 1.3 mi |
Niles Senior High School 1441 Eagle Street, Niles, MI 49120 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 47 S 3rd St
Date
Details
Price
Change
Source
11/06/2025
Sold
$360,000
-6.49%
MLS
9/05/2025
Listed
$385,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
47 S 3rd Street, Niles, MI 49120 (MLS# 25045667) is a Single Family property that was sold at $360,000 on November 06, 2025. Want to learn more about 47 S 3rd Street? Do you have questions about finding other Single Family real estate for sale in Niles? You can browse all Niles real estate or contact a Coldwell Banker agent to request more information.

