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1224 Prospect Street

Ann Arbor, MI 48104

5 beds
2 baths
1,544 sqft
6,534 sqft lot
$352 per sqft
1912 build
– on site

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Burns Park/Campus location! Just over 2 blocks to the University of Michigan's main campus and to Burns Park, this owner occupied 5 bedroom house is a prime opportunity. With a little work, this home could be awesome for someone working at the Law school, Ross Business school, or anywhere on UM's Main or Athletic Campuses. Likely hardwood floors under carpet on the main level. Bull's eye trim. Living room, Dining room, Kitchen plus 2 rooms on first floor gives plenty of space for an awesome kitchen remodel plus a den or home office. 3 rooms on the second floor plus the full bath could make an awesome primary suite + + . For investors, the potential is there to renovate this property into an asset making $50k or more a year. The property had previously been approved by the City for 5 occupa occupants. Large lot with 2 car garage gives plenty of room for expansion. No current financials are available.

Listing courtesy of MICHRIC / Linda Lombardini / Trillium Real Estate

Last checked: Checking… • Last updated Apr 2, 2025 •

MLS# 23121950 —

The Building

Year Built:

1912
New Construction:

false
Construction Materials:

Other
Building Features:

None
Building Area Total:

1544.0
Architectural Style:

Colonial
Foundation Details:

None
Basement:

No
Basement:

Full, Slab
Basement:

Yes
Common Walls:

None
Patio And Porch Features:

Porch(es)
Direction Faces:

None

Interior

Flooring:

Carpet, Vinyl, Wood
Fireplace:

false

Room Dimensions

Living Area:

1544.0
Basement SqFt:

781.0

Financial & Terms

Listing Terms:

Cash, Conventional

Location

Directions:

Between E University Ave & Wells St, 2 blocks to Campus
Latitude:

None
Longitude:

None

The Property

Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

No
Current Use:

None
Parcel Number:

09-09-33-234-005
Zoning:

None
Zoning Description:

R4C
Lot Features:

Sidewalk
Lot Size SqFt:

6534.0
Lot Size Acres:

0.15
Lot Size Area:

0.15
Lot Size Units:

Acres
Topography:

None
View:

None
View:

No
Fencing:

Fenced Back
Inclusions:

None
Possible Use:

None
Frontage Type:

None

Listing Agent

Contact info:

Taxes

Tax Year:

2021
Tax Year:

2021.0
Tax Legal Description:

LOT 30 MILLERS ADDITION
Tax Annual Amount:

8120.0
Annual Property Taxes:

8120.0
Tax Assessed Value:

158281
Taxable Value:

158281.0

Beds

Bedrooms Total:

5
Main Bedrooms:

2
Main Level Bedrooms:

2

Baths

Total Baths:

2
Total Baths:

2.0
Partial Baths:

None
Full Baths:

2
Full Baths:

1
Full Baths:

1
Three Quarter Baths:

None
Quarter Baths:

None

The Listing

Heating & Cooling

Cooling:

Central Air
Cooling:

true
Heating:

true
Heating:

Forced Air
Heat Type -Forced Air:

true
Heat Source -Natural Gas:

true

Utilities

Utilities:

Natural Gas Connected, Storm Sewer
Natural Gas:

true
Central Air:

true
Sewer:

Public
Sewer -Public

true
Water Source:

Public
Water Public:

true

Schools

Elementary School:

Burns Park Elementary School
Elementary School District:

None
Middle Or Junior School:

Tappan Middle School
Middle Or Junior School District:

None
High School:

Pioneer High School
High School District:

Ann Arbor

The Community

Subdivision:

Millers Add - Ann Arbor
Association:

false%
Pool Private:

No
Senior Community:

No

Parking

Parking Total:

None
Parking Features:

Detached
Garage:

true
Garage Spaces:

2.0
Attached Garage:

false
Carport Spaces:

None

Explore the Area

My Commute

From

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Utility Costs

$218/mo.

Estimate provided by ClearlyEnergy

View a full report

House Sold on 7/28/2022

$544,000

Listing provided by broker:

Linda Lombardini

Trillium Real Estate

1224 Prospect Street

Ann Arbor, MI 48104