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$2,499,000
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Property Description
Special investment opportunity at the steps of the Eastern Michigan University campus. This is group 2 of 2 seven property packages - 615 Pearl St, 351 S Mansfield St, 212 N Summit St, 125 N Summit St, 124 N Summit St, 116 N Summit St, 106 N Summit St. Gross rent for these 7 properties is $355,820 for the 2026-27 school year. For specific property information, refer to the individually listed properties. These are well kept properties and opportunities like this are rare. No seller financing. Contact listing agent with any question.
Full Property Details
Full Property Details for 615 Pearl St
General
- Price: $2,499,000
- Taxes: $14,630
- Status: Active
- Type: Single Family
- Source: SWMRIC_MLS
- MLS ID: 26043660
- Updated: 9/14/2026
- Added to Site: 53 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 7
Parking
- Total Spaces: 12
Location
- County: Washtenaw
- Cross Streets: N Normal St and Pearl St
- Driving Directions: N Normal St to Pearl St.
Heating & Cooling
- Heating Type: Forced Air, Hot Water
Utilities
- Sewer: Public Sewer
- Cable Available: Yes
- Utility Description: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
Structural Information
- # Buildings: 7
- Construction: Shingle Siding, Vinyl Siding, Other
- Basement: Yes
- Year Built: 1880
Lot Features
- Lot Size (Acres): 0.3
- Lot Size (Sq. Ft.): 12,981
- Lot Dimensions: 66 x 194
- Zoning: CN
Financial Considerations
- Tax Amount: $14,630.43
- Terms: Cash, Conventional
- Landlord Pays: None
- Tenant Pays: Electricity, Water, Trash, Sewer, Gas
Disclosures and Reports
- Legal Description: *OLD SID - 11 11-625-035-00 YP CITY 52W-51 N 8/18 OF LOT 4 CROSS & BAGLEY'S ADDITION AND LOT 35& W 4 FT OF LOT 36 STUCKS ADDITION OWNED AND OCCUPIED AS ONE PARCEL.
- Property ID: 11-11-40-464-012
Listed by The Charles Reinhart Company, Ayad Ridha
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Schools
Schools serving 615 Pearl St
School District:Ypsilanti Community Schools
| Name | Grades | Distance |
|---|---|---|
Perry Early Learning Center 550 Perry Avenue, Ypsilanti, MI 48197 | PK-1 | 0.6 mi |
Estabrook School 1555 West Cross Street, Ypsilanti, MI 48197 | 2-5 | 1 mi |
Ypsilanti Community Middle School 510 Emerick Street, Ypsilanti, MI 48198 | 6-8 | 1.3 mi |
AC Tech High School 2095 Packard Street, Ypsilanti, MI 48197 | 9-12 | 1.2 mi |
Holmes Elementary Learning Center 1255 Holmes Road, Ypsilanti, MI 48198 | 2-5 | 2 mi |
Erickson Elementary 1427 Levona Street, Ypsilanti, MI 48198 | 1-5 | 2.1 mi |
Ford Early Learning Center 2440 E Clark Rd, Ypsilanti, MI 48198 | PK-1 | 3.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 615 Pearl St
Date
Details
Price
Change
Source
8/19/2026
Listed
$2,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 615 Pearl St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,281
13%
$255,300
-3%
2019
$12,633
—
$264,500
13%
2019
$12,633
-3%
$235,100
25%
2022
$13,032
—
$188,100
7%
2022
$13,032
—
$175,200
3%
2020
$13,088
—
$170,100
2%
2020
$13,088
4%
$167,500
12%
2019
$12,633
6%
$149,400
7%
2016
$11,953
—
$140,000
1%
2016
$11,953
16%
$138,200
11%
2015
$10,302
1%
$124,000
1%
2014
$10,182
2%
$122,400
1%
2013
$9,965
—
$121,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 615 Pearl St
615 Pearl Street, Ypsilanti, MI 48197 (MLS# 26043660) is a Single Family property with 0 bedrooms and 0 full bathrooms. 615 Pearl Street is currently listed for $2,499,000 and was received on August 19, 2026. Want to learn more about 615 Pearl Street? Do you have questions about finding other Single Family real estate for sale in Ypsilanti? You can browse all Ypsilanti real estate or contact a Coldwell Banker agent to request more information.
