# 123 N Bailey Street, Cheboygan, MI 49721 > **TL;DR:** 6bd/6ba multi-family, $359,000. > 3-car garage. Est. $1,920/mo. Listed 117 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $359,000 | | Bedrooms | 6 | | Bathrooms | 6 full | | Stories | 2 | | Garage | 3-car | | Property Type | Multi-Family (Apartment) | | Status | Active | | Days on Market | 117 | ## Why This Home Stands Out - **Large Garage** - 3-car garage ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,815 | | Estimated Insurance | $105 | | **Total** | **$1,920** | ## Nearby Schools - **Elementary:** Cheboygan - **High:** Cheboygan ## Key Amenities - 3-car garage ## Property Highlights - 2 stories ## Description ### Agent 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. ## Location - **Address:** 123 N Bailey Street, Cheboygan, MI 49721 - **County:** Cheboygan - **Neighborhood:** M W Hornes 3rd Add - **Coordinates:** 45.644795, -84.480403 - **Google Maps:** https://www.google.com/maps?q=45.644795,-84.480403 ## Listing Agent - **Name:** Billie Desy - **Brokerage:** Coldwell Banker Schmidt Realtors of Cheboygan - **Broker Phone:** (231) 627-9959 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/123-N-Bailey-St_Cheboygan_MI_49721_M49623-08427?f=listhub&s=WWMLSMI&m=201841352&c=propsimple) ## Photos ![123 N Bailey Street - Photo 1](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f307430616r.jpg) ![123 N Bailey Street - Photo 2](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f3378654520r.jpg) ![123 N Bailey Street - Photo 3](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f3579844371r.jpg) ![123 N Bailey Street - Photo 4](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f2966536544r.jpg) ![123 N Bailey Street - Photo 5](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f441550582r.jpg) ![123 N Bailey Street - Photo 6](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f4014974310r.jpg) ![123 N Bailey Street - Photo 7](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f1330467779r.jpg) ![123 N Bailey Street - Photo 8](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f3019933393r.jpg) ![123 N Bailey Street - Photo 9](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f2695256632r.jpg) ![123 N Bailey Street - Photo 10](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f3458084225r.jpg) ![123 N Bailey Street - Photo 11](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f4003773563r.jpg) ![123 N Bailey Street - Photo 12](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f2402496217r.jpg) ![123 N Bailey Street - Photo 13](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f2256501006r.jpg) ![123 N Bailey Street - Photo 14](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f3258927835r.jpg) ![123 N Bailey Street - Photo 15](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f4004336305r.jpg) ![123 N Bailey Street - Photo 16](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f3538021913r.jpg) ![123 N Bailey Street - Photo 17](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f1420189455r.jpg) ![123 N Bailey Street - Photo 18](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f1715372885r.jpg) ![123 N Bailey Street - Photo 19](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f3512099201r.jpg) ![123 N Bailey Street - Photo 20](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f2515432322r.jpg) ![123 N Bailey Street - Photo 21](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f1202325433r.jpg) ![123 N Bailey Street - Photo 22](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f885161912r.jpg) ![123 N Bailey Street - Photo 23](http://lh.rdcpix.com/939cbde34e866218b3bc0e6e8ca4fd13l-f615706549r.jpg) --- **MLS#:** 201841352 | **Updated:** 2026-10-29 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/123-n-bailey-street-cheboygan-mi-49721-1af433ff199a4f6092c1328a8585bb57) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/123-n-bailey-street-cheboygan-mi-49721-1af433ff199a4f6092c1328a8585bb57#listing", "url": "https://staging.propertysimple.ai/listing/123-n-bailey-street-cheboygan-mi-49721-1af433ff199a4f6092c1328a8585bb57", "name": "123 N Bailey Street, Cheboygan, MI 49721", "description": "Historic charm and income potential come together at this impressive 6 unit brick building just a short walk from downtown Cheboygan. 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