About This Home

This 6-bedroom, 6-bathroom multi-family at 123 N Bailey Street in Cheboygan, MI is listed for $359,000. on a N/A lot.

Key Features

  • 2 stories

Property Details

2 stories
6 full
3-car garage
Listing Description

Historic charm and income potential come together at this impressive 6 unit brick building just a short walk from downtown Cheboygan. Offering approximately 7,500 square feet, the property features six potential rental units, a garage, and an additional office space that may offer further rental potential.

The solid brick construction, architectural character, and history within the Cheboygan community make this a truly distinctive property. Located within walking distance of downtown shops, restaurants, services, and the waterfront, the location adds to its appeal. Whether you are an investor looking to expand your rental portfolio or an owner seeking a unique property with income potential, 123 Bailey Avenue offers space, character, and opportunity in a desirable Cheboygan location.

Monthly Cost Estimate

$1,920/mo

20% down · 6.5% · 30 years

Principal$260
Interest$1,556
Insurance$105

Estimates only. Actual payments may vary.

Location

123 N Bailey Street

Cheboygan, MI 49721

M W Hornes 3rd Add

Features & Amenities

Interior Features

CableEgress WindowsHardwood FloorsSmoke DetectorVinyl Floors

Property Details

Construction

Paved Street

Heating

Hot Water(Heating)Forced AirNatural Gas

Cooling

Ceiling Fan(s)

Appliances

RefrigeratorElectric RangeDryerDishwasher

Questions & Answers

This 6-bedroom, 6-bathroom multi-family at 123 N Bailey Street is listed at $359,000. The estimated monthly payment is $1,920 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 2 stories. Interior Features: Cable, Egress Windows, Hardwood Floors.

This property is listed by Billie Desy.

BD

Billie Desy

Agent at Coldwell Banker Schmidt Realtors of Cheboygan

Listed by Coldwell Banker Schmidt Realtors of Cheboygan · Broker phone: (231) 627-9959 · View on Broker Site

MLS# 201841352· Source: Water Wonderland Board of Realtors®· 115 days on PropertySimple

Copyright © 2026 Water Wonderland Board 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.

123 N Bailey Street, Cheboygan, MI 49721

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