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657 Lake, Ironwood, MI 49938

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For Sale

$189,000

4 beds • 2 baths • 2,048 sqft

Estimated Payment

$ 1,111 /mo. †

6.67% APR for 30 yrs.
$1,656 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $92.29
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Get ready for a wonderful investment opportunity in Ironwood! This beautiful brick 2 story duplex is located a short distance from both non motorized and motorized recreational trails. With plenty of parking, an attached two car garage and small carport style storage shed, there is more than enough room for all of your outdoor gear or equipment. The enclosed entryway provides a great transition into the property, both units have their own private entrances that have been updated with smart locks. Unit A, the main floor apartment is currently being used as a long term rental, while Unit B, the upstairs apartment, was used as a midterm rental and will remain furnished. They are both two bedroom, one bath apartments with beautiful hardwood floors, large closets and lots of character! Unit B is equipped with brand new baseboard heaters with smart thermostats in each room to provide an extra level of comfort, while being energy efficient. The kitchen appliances in Unit B were replaced in 2023 and the shower was completely redone only a few months ago. The large open basement has a shared use washer/dryer for tenants, a brand new hot water heater and ample storage for owners and tenants alike! The metal roof was replaced in 2022 and the shingled roof over the main house was replaced in 2023. There is new tuckpointing on the brick exterior and a new garage door opener was added to one side of the garage. A lot of love and care has been put into this property and now it's waiting for your personal touches!
MLS# 50161649

Courtesy Of FIRST WEBER, INC
101 E. Mary Street, Bessemer, MI
(906) 667-6366

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch
  • Appliances
    Dryer, Microwave, Range, Refrigerator
  • Architecture Style
    Other
  • Cooling System
    Window Unit(s) A/C
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    0.15 Acres
  • Rooms
    Basement

Map and Directions

Directions to 657 Lake, Ironwood, MI 49938

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Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $973
  • Property Taxes
    $138
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,111

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Luther L Wright K12 School

Grades PK-12 Public School

Ironwood, MI 49938 0.3 miles
650 e ayer st

707 total students
14:1 Student teacher ratio

School Rating: C+

School Details
Other Nearby Schools Distance Type Grades School Rating
Gogebic County Community Education 0.8 miles Public 9-12 C-
Northwoods Christian Academy 1.3 miles Private KG-6
Hurley High School 2.3 miles Public 6-12 B-
Hurley Elementary School 2.3 miles Public PK-5 B+
Ad Johnston Jr/sr High School 5.1 miles Public 7-12 B+

Gogebic County Community Education

Distance: 0.8 miles

Type Public

Grades: 9-12

C-

Northwoods Christian Academy

Distance: 1.3 miles

Type Private

Grades: KG-6

Hurley High School

Distance: 2.3 miles

Type Public

Grades: 6-12

B-

Hurley Elementary School

Distance: 2.3 miles

Type Public

Grades: PK-5

B+

Ad Johnston Jr/sr High School

Distance: 5.1 miles

Type Public

Grades: 7-12

B+

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Ironwood, MI 49938

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Ironwood, MI 49938

This community’s employment is highest in the administrative support and sales industries. The area’s overall household expenses are above the national average.

78° July
Hottest Average Month
3° January
Coldest Average Month
3,565 Total Households in Area
-0.8% Increase in population since the year 2010
19.3%
of households
have children
17 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Ironwood, MI 49938

Ironwood, MI 49938 has a population of 7,224 people in 3,565 households with a median age of 49.8 years old.

-0.8%
Decrease in population
since the year 2010
Population is Trending down
3,480
Total households as of 2010
2.3%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 49.8 years old. The smallest percentage group is 55-64 years and the largest percentage is the 0-5 years age range.

Community Population By Ethnicity

White 92%
Hispanic 2%
Native American 1%
Black <1%
Other <1%
Asian <1%
The most prevalent ethnicity is White at 92%, followed by Hispanic at 2%, Native American at 1%, and Black at <1%.

Economics
for Ironwood, MI 49938

30 /sq mi
Population Density
$44,233 /yr
Median Household Income
$86,500
Median Sales Price
17 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 16.44% of the households.

Transportation to Work

  • Drive 93%
  • Walk or Bike 4%
  • Work from Home 3%
  • Public Transit 0%

Occupancy by Type

Owned 2,814 60%
Vacant 1,092 23%
Rented 752 16%

White vs Blue Collar Jobs







White Collar 58%
Blue Collar 42%

Family & Education Facts
for Ironwood, MI 49938

49.8 Median Age

Average Household Size

2
persons per
household

40.4%

Married Households

Community Population By Education

High School Graduate 31%
Some College 24%
Associates Degree 17%
Bachelors Degree 15%
Graduate Degree 8%
Some High School 6%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 30.57% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
19.3% of households have children

Weather
for Ironwood, MI 49938

The weather for this area ranges from a high of 78° F in July to a low of 3° F in January

78° July
Hottest Average Month
3° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
3°
22°
Feb
5°
26°
Mar
15°
36°
Apr
29°
51°
May
40°
65°
Jun
49°
73°
Jul
55°
78°
Aug
53°
76°
Sep
46°
67°
Oct
36°
56°
Nov
23°
38°
Dec
10°
26°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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