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1541 Elm Street, Detroit, MI 48216

$899,000
  • 1541 Elm Street, Detroit, MI 48216 Main Photo

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Active
BEDS0 BATHS4 full SQUARE FEET3,600 MLS#20261016823
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMc Keowns Sub SCHOOLDetroit

Property Description

*** LAND CONTRACT TERMS AVAILABLE WITH 0% INTEREST!!! *** Exceptional NEW CONSTRUCTION POSSIBLE IF BUYER WANTS 4-Unit Multifamily investment opportunity in North Corktown with Certificate of Occupancy issued March 23, 2026. Located in the Heart of Downtown Detroit, This turnkey multi-family property features 4 identical units, each offering 2 bedrooms, 1 full bath, spacious living area, full kitchen with quartz countertops, gas, laundry hookups, central air conditioning, and private entry. With approximately 3,600 total sq ft, this newly built asset was designed for efficient, low-maintenance ownership. Each unit includes heavy-duty security doors, smart locks, and smart thermostats, while the property also offers 24-hour surveillance cameras and a rear parking lot with 8 spaces. Fast Growing Area for Developments with 7-unit apartment building being built right across the street. Tax Exemption in place until 2033. Projected gross monthly income of approximately $12,000. Rare opportunity for local and out-of-state investors seeking a newly constructed, easy-to-manage asset in one of Detroit’s fastest-growing neighborhoods.

1541 Elm Street | MLS# 20261016823

This multi-family property located at 1541 Elm Street, Detroit, MI 48216 is currently listed for sale with an asking price of $899,000. Elm Street is located within the Detroit school district. Search Detroit real estate on thomasharding.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Other, Quadruplex
Lot Size: 0.11 Acres
Year Built: 2026

Feature Descriptions

Architecture: Other, Quadruplex
Days on Site: 31
Deposit: $200000.00
Exterior: Aluminum, Vinyl
Foundation: Crawl
Frontage Feet: 40
Interior: Cable Available, Dual-Flush Toilet(s), ENERGY STAR® Qualified Door(s), ENERGY STAR® Qualified Light Fixture(s), ENERGY STAR® Qualified Window(s), High Spd Internet Avail, Laundry Facility, Programmable Thermostat
Lot Dimensions: 0.11 Acre(s)
Road Frontage: Paved
Summer Tax: $38.0000
Water Heater: Natural Gas
Winter Tax: $0.0000

Local Schools

School District: Detroit

Listed By / Shown By

Listed By

Agency Name: Keller Williams Paint Creek
Agency Phone: (248) 609-8000

Shown By

Agent Name: Thomas Harding II
Agent Phone: (734) 812-6900
Agency Title: Key Realty

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Estimated Payment

$ 5,290.96 per month $5,028.75 Principal & Interest $0.00 Property Tax (data not provided by mls) $262.21 Homeowner's Insurance

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