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1142 Lilac AVE East Lansing, MI 48823
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Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,470 sqft
Price per Sqft $183
Subdivision Lilac Lawn Farm 1
MLS Listing ID 20261049329
Style Cape Cod, Colonial
Bedrooms 3
Full Baths 2
Year Built 1948
Lot Size 10,890 Sqft
Property Sub-Type SingleFamilyResidence
Property Description
Fantastic owner-occupant or investment opportunity just two blocks from Michigan State University! Nestled in a quiet, low-traffic neighborhood, this licensed two-unit property offers the perfect blend of comfortable living and income-producing potential.
Looking for a single-family home instead? This versatile property can easily function as a spacious personal residence with three bedrooms—two on the main level and one upstairs—with the potential to create a fourth bedroom in the upper level, if desired. Whether you choose to maintain the income-producing duplex configuration or convert it into a larger single-family home, the flexible layout provides options to fit your needs.
The main-floor owner's unit features two bedrooms, a full bathroom, a spacious living room, a functional kitchen, and interior access to the full basement. The basement offers a partially finished area, laundry space, and ample storage.
The upper-level apartment is licensed for either a family or up to two unrelated occupants, making it an ideal rental for MSU students, graduate students, faculty, or professionals. This private unit offers its own exterior entrance and features a living room, kitchen, full bathroom, and one bedroom. The upper unit also has access to the shared basement through its own private exterior entrance.
Outside, you'll appreciate the detached two-car garage, maintenance-free vinyl siding, and a large fenced backyard with a patio—perfect for relaxing, entertaining, gardening, or pets.
Whether you're looking to offset your mortgage with rental income or add a versatile property to your investment portfolio, this duplex offers exceptional potential in a prime East Lansing location just minutes from MSU, shopping, dining, parks, and everything the area has to offer.
Location
State MI
County Ingham
Area Area11013Eastlansing
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplaces Type LivingRoom, WoodBurning
Exterior
Parking Features TwoCarGarage, Detached, GarageDoorOpener
Garage Spaces 2.0
Fence Back Yard, Fenced
Pool None
View Y/N No
Building
Foundation Basement, Block, CrawlSpace
Sewer Public Sewer
Water Public
New Construction No
Schools
School District East Lansing
Others
Acceptable Financing Cash, Conventional, FHA, VaLoan
Listing Terms Cash, Conventional, FHA, VaLoan
Special Listing Condition ShortSaleNo, Standard
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