Discover this multi-unit investment property in Bear Lake, Michigan, featuring a substantial lot spanning nearly 75,000 square feet. This 2 to 4 unit property presents an excellent opportunity for investors seeking to diversify their real estate portfolio with multiple revenue streams. The generous land size provides flexibility for future development or expansion considerations. Positioned in the Bear Lake area, this property offers potential for long-term appreciation and sustained income generation. Whether you're an experienced investor or expanding your holdings, this multi-unit offering warrants serious consideration.
Multi-familyProperty Type
1900Year Built
1.72 acresLot Size
Listed by Brenda Cronan• Coldwell Banker ALM REALTY
Discover this multi-unit investment property in Bear Lake, Michigan, featuring a substantial lot spanning nearly 75,000 square feet. This 2 to 4 unit property presents an excellent opportunity for investors seeking to diversify their real estate portfolio with multiple revenue streams. The generous land size provides flexibility for future development or expansion considerations. Positioned in the Bear Lake area, this property offers potential for long-term appreciation and sustained income generation. Whether you're an experienced investor or expanding your holdings, this multi-unit offering warrants serious consideration.
Year
Property tax
Land + Additions
Assessment*
2025
$2,064 (−15.1%)
2024
$2,431 (+7.9%)
2023
$2,253 (+5.5%)
2022
$2,136 (+3.5%)
2021
$2,064 (+2.5%)
2020
$2,014 (+1.3%)
2019
$1,987 (+1.8%)
2018
$1,953 (+1.9%)
2017
$1,917 (+3.2%)
2016
$1,858 (+0.3%)
2015
$1,853 (+1.0%)
2014
$1,834 (+2.2%)
2013
$1,794
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
1.72 Acres
Year renovated
—
Finished Sq. Ft.
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Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Single Family Residential
County
Manistee County
APN
02-034-400-07
Parking Spaces
—
Basement
—
Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 24, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
1/10 Heat Factor
7 days above 94° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Bear Lake, MI • 49614
Average low and high temperatures (°F)
25
15
30
17
43
26
55
35
63
43
75
55
78
60
75
57
73
51
62
41
45
33
31
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Bear Lake. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.9 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7378 Chief Rd
$374,867
$15K under list price of $390K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $235K to $648K.