5 Beds

2 Baths

2,690 SqFt

Active

Welcome to the Mississippi Neighborhood, one of the oldest neighborhoods in Portland, steeped in history and community. The location is amazing. Just steps away from Mississippi corridor. Dine and imbibe in the many restaurants, bars, and food carts. Support the thriving local shops along the way. This home, built in 1900, still reflects the style and history of the era, yet has been beautifully restored and updated for today. In 2019 the home was fully permitted for short-term rentals. This included safety upgrades required for egress, height standards, and electrical. This also allowed for 2 additional legal bedrooms upstairs and one in the basement, now boasting 5 bedrooms and 2 baths. Additional upgrades include replacing knob and tube wiring, adding high speed internet wiring, new flooring in bathrooms, restoring many window frames and doors, plus new water heater (2024). The open floor plan is great for entertaining which extends from the front parlor with pocket doors to the covered back deck with fully fenced yard. No need to hunt for parking in this vibrant "go-to" neighborhood. Enjoy two private gated off-street parking spots accessed from alleyway behind house. This could be your home in the heart of a historic neighborhood or an investment property with an incredible upside as a short term rental. Walk Score of 90 and Bike Score of 98! Open house Tuesday July 1st from 12-2pm. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239355]

Property Details
Price $637,000
Bedrooms 5
Full Baths 2
Total Baths 2
Property Style Victorian
Acres 0.09
Stories 3
Features HighCeilings,HighSpeedInternet,WasherDryer,WoodFloors
Exterior Features CoveredDeck,Fenced,Porch
Year Built 1900
Subdivision MISSISSIPPI
Roof Shingle
Heating ForcedAir
Foundation ConcretePerimeter
Parking Description OffStreet,ParkingPad
Geographic Data
Directions N Michigan between Mason and Shaver
County Multnomah
Latitude 45.552757
Longitude -122.6763
Market Area _141
Address Information
Address 4042 N MICHIGAN AVE
Postal Code 97227
City Portland
State OR
Country United States
Listing Information
Listing Office Windermere Realty Trust
Listing Agent Douglas Meyer
Terms Cash,Conventional,FHA,VALoan
Virtual Tour URL https://vimeo.com/1096403131?share=copy#t=0
School Information
Elementary School Boise-Eliot
Middle School Harriet Tubman
High School Jefferson
MLS® Information
Days on market 4
MLS® Status Active
Listing Date Jun 26, 2025
Listing Last Modified Jun 30, 2025
Tax ID R223546
Tax Year 2024
Tax Annual Amount 3734
MLS® Area _141
MLS® # 227097331

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