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413 Madison Street

Chelsea, MI 48118

  • Status:Sold
  • Type: Income
  • Sq Ft: 2,309
  • Lot Size:0.4 acres
  • Year Built:1920
  • MLS#:3263381
Listing Price: $324,900 Sold For: $325,000 Date Sold: Apr. 12, 2019

Welcome to one of the most coveted Income Properties in downtown Chelsea! This is a 4-unit income property and all units are currently occupied making this a fantastic investment! This lovely home is located on one of the most coveted streets in town boasting almost a half acre with mature trees and panoramic views in every direction. This home is absolutely beautiful and meticulously maintained yet practical, the driveway is all concrete with numerous parking places not to mention a 2 car detached garage. The main unit has 2 bedrooms, a large kitchen, full bathroom and living room including a fireplace! The other 3 units also have a living room, full bathroom, kitchen and storage. Other features include newer/efficient forced air furnaces, updated electrical, radon mitigation system installed, washer and dryer for all tenants to use, all appliances are included! This is an investors dream with fully occupied units with long term tenants. This is an easy turn key operation that would impress the most prudent of investors!
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Rick Taylor
Reinhart Realtors

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A growing city of about 4,500, Chelsea is located just 15 minutes west of Ann Arbor.  Home to the Purple Rose Theatre, an award-winning Equity stage, and to the Common Grill restaurant, Chelsea is a southeast Michigan destination.

Chelsea features a vibrant downtown, with a mix of shopping,dining, entertainment and local activities.  During the summer months, downtown is the focus during the annual SummerFest, and during the weekly Sounds & Sights events scheduled from June to September.

Chelsea Community Hospital, a not-for-profit hospital, is a fully accredited 113-bed acute care facility serving residents of Chelsea and surrounding communities.  A member of Saint Joseph Mercy Health System, Chelsea Community Hospital is nationally recognized for both quality of care and patient satisfaction. As a not-for-profit hospital, Chelsea Community Hospital reinvests its profits back into the community through programs to serve the poor and uninsured, health education and promotion initiatives.

Opportunities for recreation are endless in the Chelsea area.  Jointly, Chelsea Recreation and Chelsea Community Education offer a broad range of team sports, fitness workshops and other classes throughout the year.  Chelsea is located at the edge of both the Waterloo and Pinckney Recreation areas, so a total of more than 30,000 acres of recreation land is available for the full range of outdoor activities, including camping, hunting, fishing, and hiking.  

Housing in Chelsea includes styles ranging from charming turn of the last century frame homes to newly built neighborhoods.

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange ("IDX") program of Ann Arbor Area Board of Realtors®. Real estate listings held by brokers other than Reinhart Realtors are marked with the IDX Logo. All information is subject to change and should be independently verified.

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