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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 325,000

Est. payment | -/mo

22 Baths

10,018 Sqft Lot

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$ 325,000

Est. payment | -/mo

Save

22 Baths

10,018 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20261047364

Year Built 1926

Annual Tax Amount $16,533

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 91.4X108

Source Realcomp

Property Description

Exceptional value-add multifamily opportunity in Detroit's Highly Desirable Boston-Edison neighborhood. This 11,876 sq. ft. building sits on a 0.23-acre lot and is configured for 16 residential units, including six 2-bedroom units, seven 1-bedroom units, and three studio apartments, plus dedicated basement maintenance quarters. Significant improvements have already been completed, including a newer roof, dry basement, and recently scoped sewer lines. The property has been taken down to the studs and includes Detroit City- approved, stamped architectural plans, providing a streamlined path toward redevelopment and completion. Investors may follow the approved plans or customize the project to suit their own vision. Located in one of Detroit's most Historic and sought-after neighborhoods, this property presents a rare opportunity to redevelop a substantial multifamily asset with considerable upside. Ideal for investors, developers, or owner-operators seeking a value-added project with extensive pre-development work already in place.

Location

State MI

County Wayne

Zoning Multi-Family

Direction Building located on the corner of Chicago and McQuade Street

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Lot Description Sidewalk

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W14I003541S

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Signature Sotheby's International Realty Bham

NEARBY SCHOOLS & PROPERTIES

“Part of my Job as Your Real Estate Expert is to protect you from the incompetency that runs rampet in our industry”

+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI, 49341, United States

3760 W Chicago Detroit, MI 48206

Scott Hutchison

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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3760 W Chicago