501 minnesota Ave · Ontonagon, MI 49953

$39,900

2 bd · 1.0 ba · 815 sqft · SingleFamily public records · 665 Days on market

Built 1900 0.30 ac lot Est $28k · 44% over

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +6.4/10.0
• Livability +3.8/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

Key facts

• 0.3 acre lot
• Garage
• Built 1900

Tags

• HUGE LOT WITH SLOPING TERRAIN
• CLOSE TO DOWNTOWN ONTONAGON

Property features AI

Finance

• Other: Lot size approximately 0.3 acres (frontage 100); Zoning: Residential; Roads: City/County
• Financial info:
• HOA & community:

Exterior

• Parking: Detached garage (1 parking space); Additional outbuilding: garage(s)
• Security:
• Utilities: 100 amp electric service; Electricity connected; Natural gas available; Public water; Public sanitary sewer
• Home design: Residential property; 1 1/2-story structure; Built in 1900
• Construction: Basement foundation; Below-grade area: 680
• Exterior features: Hard board exterior; Fenced yard; Garden area; Road frontage

Interior

• Kitchen:
• Bedrooms: First-floor bedroom; Two upper-level bedrooms (16 x 10 and 8 x 14)
• Flooring:
• Bathrooms: One full bathroom on the main floor
• Heating & cooling: No heating system listed; No cooling system listed
• Interior features: Total of 4 rooms; Basement present (full, block foundation)
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $322 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($860 rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 76/100 on livability (#143 in MI, #3,663 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, amenities F, commute F.
• Ontonagon Area School District (rural): math 25% / reading 45% proficiency, ranked #474 of 760 in MI (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 33 active listings in the ZIP; 13 units permitted in Ontonagon County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($276 loan paydown + $1k appreciation (2.7% local appreciation)).
• Ontonagon County population projected at -63% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.7% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 665 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y ago; this cycle's ask has dropped $30k (43%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $9k; list at $40k implies a 343% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.9% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $35,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 665 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.16% ✓
• Cap rate: 15.99%
• Cash-on-cash: 34.63%
• DSCR: 2.54
• GRM: 3.9

CMA / ARV

• ARV (on-the-fly): $27,710
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
501 minnesota Ave	0.00mi	2/1.0	880 (+8%)	1mo	$30,000	$34	86
401 Michigan Ave	0.16mi	2/1.0	800 (-2%)	15mo	$20,000	$25	77
529 S Steel St	0.55mi	2/1.0	832 (+2%)	14mo	$85,000	$102	59

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.71% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 39.9%
• Equity multiple: 3.22×
• Total profit: $24,806
• Equity at exit: $17,303

10-year hold

• IRR: 40.2%
• Equity multiple: 6.40×
• Total profit: $60,374
• Equity at exit: $26,181

Cash invested: $11,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 49953

• Home prices YoY: 1.6%
• Active inventory: 33
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $860 medium
• Mortgage (P&I): −$209
• Tax from tax record: −$131 /mo · $1,574/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$181
• Net cashflow: $322

Break-even live

Break-even rent $452

Max offer price $39,900

Occupancy floor 58%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-05-19
   status Pending 966-char remark

   Show marketing remark (966 chars)

   PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

2. 2026-05-19
   status Pending 966-char remark

   Show marketing remark (966 chars)

   PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

3. 2026-05-05
   historical Keep Showing-Contgcy Appl 966-char remark

   Show marketing remark (966 chars)

   PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

4. 2025-07-30
   price $39,900 966-char remark

   Show marketing remark (966 chars)

   PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

5. 2025-07-30
   price $39,900 966-char remark

   Show marketing remark (966 chars)

   PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

6. 2025-07-23
   price $49,000 966-char remark

   Show marketing remark (966 chars)

   PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

7. 2025-07-22
   status Active 966-char remark

   Show marketing remark (966 chars)

   PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

8. 2025-07-22
   price $49,000 966-char remark

   Show marketing remark (966 chars)

   PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

9. 2025-07-22
   status Active 966-char remark

   Show marketing remark (966 chars)

   PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

10. 2025-05-29
    status Pending 966-char remark

    Show marketing remark (966 chars)

    PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

11. 2025-05-29
    status Pending 966-char remark

    Show marketing remark (966 chars)

    PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

12. 2025-04-15
    price $54,900 966-char remark

    Show marketing remark (966 chars)

    PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

13. 2025-04-14
    price $54,900 966-char remark

    Show marketing remark (966 chars)

    PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

14. 2024-07-11
    price $59,900 966-char remark

    Show marketing remark (966 chars)

    PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

15. 2024-07-11
    price $59,900 966-char remark

    Show marketing remark (966 chars)

    PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

16. 2024-06-18
    price $64,900 966-char remark

    Show marketing remark (966 chars)

    PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

17. 2024-06-18
    price $64,900 966-char remark

    Show marketing remark (966 chars)

    PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

18. 2024-05-30
    listed $69,900 Active 966-char remark

    Show marketing remark (966 chars)

    PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

19. 2024-05-30
    listed $69,900 Active 966-char remark

    Show marketing remark (966 chars)

    PRICE REDUCED!!!! MOTIVATED SELLER. WILL LOOK AT ALL OFFERS. Blank canvas home in a nice neighborhood with a huge lot. This home was constructed as a 2 bedroom, one bath home, it was taken down to the studs inside, and is ready for your finishing touches. there is a full basement, which has recently been remodeled to add structural support and a more finished look! it is solid! one bedroom area on the main floor and the second floor could be finished to a huge master bedroom. The lot features a sloping terrain to a large back yard area currently occupied by several raised bed gardens that are fenced in, some landscaping has been done as well. the detached garage is a newer construction and includes a new addition off the back for extra storage, or finish it off to make it your workshop. If you are not afraid of a project, this home is perfect. it is located close to downtown Ontonagon, the school, and all city streets are snowmobile and ATV friendly.

20. 2017-11-06
    soldstatus $9,000 405-char remark

    Show marketing remark (405 chars)

    This home is in an outstanding, central location in Ontonagon close to the school, medical facilities and the downtown area. The current owner began renovations and have the interior stripped down to the studs so it is ready for finishing. There is a large, detached garage with electric service to it. This is a true "Handyman Special" as most of the demolition work has already been completed.

21. 2017-11-06
    soldstatus $9,000 405-char remark

    Show marketing remark (405 chars)

    This home is in an outstanding, central location in Ontonagon close to the school, medical facilities and the downtown area. The current owner began renovations and have the interior stripped down to the studs so it is ready for finishing. There is a large, detached garage with electric service to it. This is a true "Handyman Special" as most of the demolition work has already been completed.

22. 2017-10-16
    soldstatus $9,000
23. 2017-04-03
    listed $11,900 405-char remark

    Show marketing remark (405 chars)

    This home is in an outstanding, central location in Ontonagon close to the school, medical facilities and the downtown area. The current owner began renovations and have the interior stripped down to the studs so it is ready for finishing. There is a large, detached garage with electric service to it. This is a true "Handyman Special" as most of the demolition work has already been completed.

24. 2017-04-03
    listed $11,900 405-char remark

    Show marketing remark (405 chars)

    This home is in an outstanding, central location in Ontonagon close to the school, medical facilities and the downtown area. The current owner began renovations and have the interior stripped down to the studs so it is ready for finishing. There is a large, detached garage with electric service to it. This is a true "Handyman Special" as most of the demolition work has already been completed.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $1,574 · $131/mo
• Projected year-2 tax: $1,574 · $131/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $10,320
• − Mortgage interest: −$2,235
• − Property taxes: −$1,574
• − Insurance: −$200
• − Repairs & maintenance: −$826
• − Management: −$826
• − Depreciation: −$1,161
• Taxable income: $3,500
• Est. tax owed @ 24.0%: −$840
• After-tax cash flow: $3,029/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Ontonagon Area School District
• NCES district ID: 2626550
• Math proficiency: 25% ▬ 0.00%
• Reading proficiency: 45% ▲ 10.00%
• Median HH income: $34,991
• Composite: 31.51/100
• National rank: #11170
• State rank: #474 of 760 in MI

Livability — Ontonagon

• Score: 76/100
• State rank: #143
• US rank: #3663

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment F Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ontonagon, MI
• Population (ZIP): 2,261

Population outlook (Ontonagon County) Hauer SSP2

• Today (2025): 4,621 people
• By 2030: 3,928 · -15.0%
• By 2040: 2,644 · -42.8%
• By 2050: 1,696 · -63.3%
• By 2075: 874 · -81.1%
• By 2100: 697 · -84.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 3% Black 2%
• Common ancestry: Romanian 9% Lithuanian 5% Portuguese 4%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 0%

Political lean MEDSL · Ontonagon

• 2024 margin: Solid R (+30.4) · D 34.2% · R 64.5% · Other 1.3%
• 2008→2024 swing: -34.0pp toward R · 2008: 3.7pp · 2024: -30.4pp
• All cycles: 2024: R+30.4 2020: R+25.4 2016: R+26.1 2012: R+9.1 2008: D+3.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.71%
• Current HPI: 171.0458
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+235.3% since first listed

24 events — show timeline

• 2026-05-19 Pending — UPAR
• 2026-05-19 Pending — MiRealSource-MiMLS
• 2026-05-05 Contingent — MiRealSource-MiMLS
• 2025-07-30 Price Changed $39,900 MiRealSource-MiMLS
• 2025-07-30 Price Changed $39,900 UPAR
• 2025-07-23 Price Changed $49,000 MiRealSource-MiMLS
• 2025-07-22 Relisted — UPAR
• 2025-07-22 Price Changed $49,000 UPAR
• 2025-07-22 Relisted — MiRealSource-MiMLS
• 2025-05-29 Pending — UPAR
• 2025-05-29 Pending — MiRealSource-MiMLS
• 2025-04-15 Price Changed $54,900 MiRealSource-MiMLS
• 2025-04-14 Price Changed $54,900 UPAR
• 2024-07-11 Price Changed $59,900 MiRealSource-MiMLS
• 2024-07-11 Price Changed $59,900 UPAR
• 2024-06-18 Price Changed $64,900 MiRealSource-MiMLS
• 2024-06-18 Price Changed $64,900 UPAR
• 2024-05-30 Listed $69,900 UPAR
• 2024-05-30 Listed $69,900 MiRealSource-MiMLS
• 2017-11-06 Sold (MLS) $9,000 MiRealSource-MiMLS
• 2017-11-06 Sold (MLS) $9,000 UPAR
• 2017-10-16 Sold (Public Records) $9,000 Public Records
• 2017-04-03 Listed $11,900 MiRealSource-MiMLS
• 2017-04-03 Listed $11,900 UPAR

Property tax history

+15.8%/yr

Latest (2025): $1,574 · +6.8% YoY. Source: county tax records.