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$ 625,000
Est. payment /mo
New
20810 W Chicago Street Detroit, MI 48228
7,796 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,796 sqft
Price per Sqft $80
MLS Listing ID 20251030310
Year Built 1948
Annual Tax Amount $15,989
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 88x 1000
Source Realcomp
Property Description
Discover this well-maintained 11-unit apartment building located in the heart of Detroit. The property features 4 spacious two-bedroom units and 7 comfortable one-bedroom units, offering a versatile mix to attract a wide range of tenants.Strong Occupancy: 9 of 11 units currently leased, providing immediate cash flow.Tenant-Paid Utilities: Each unit is separately metered for electric, with tenants responsible for their own usage.Landlord-Paid Water: Simplifies utility management for residents.Investment Potential: Opportunity to increase income with two vacant units ready for new tenants or updates.This property is ideal for an investor seeking a stable, income-producing asset with room for growth. Conveniently located near major roads, schools, and amenities, this building offers both short- and long-term upside potential in Detroit's rental market.*Showings by appointments by only.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction I-96 TO EVERGREEN, S. TO W. CHICAGO, W. TO ADDRESS ON N SIDE
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I004056C9
Special Listing Condition {"Short Sale Possible":true}
Listed by EXP Realty Main