Social HouseReal Estate Group
Photo 1 of 1541 Elm Street, Detroit MI
For Sale

1541 Elm StreetDetroit, MI 48216

$899,000

Listing courtesy of Keller Williams Paint Creek

8

Beds

4

Baths

3,980

Sqft

About

This Home

*** LAND CONTRACT TERMS AVAILABLE WITH 0% INTEREST!!! *** Exceptional NEW CONSTRUCTION. 4 BEDROOM 2 Bathrooms UNITS, 2-Unit Multifamily with Option to Convert to 4-Unit Multifamily EASILY! Investment Opportunity in North Corktown! Located in the Heart of Downtown Detroit, This turnkey multi-family property features 2 identical units, each offering 4 Bedrooms, 4 Full Baths, spacious living area, full kitchen with quartz countertops, gas, laundry hookups, central air conditioning, and private entry. With approximately 3,980 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 $8,000. 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.

Details

Property Type
Residential Income
Style
Multi Family
Year Built
2026
Lot Size
0.11 acres
Garage Spaces
0
Heating
Forced Air, Natural Gas
Cooling
Central Air
Basement
Crawl Space
Annual Taxes
$38
MLS #
20261016823

About Detroit

Michigan's largest city, with a revitalized downtown and riverfront, the Midtown cultural district and historic neighborhoods like Indian Village and Boston-Edison. Home styles range from grand early-1900s homes to lofts and new construction.

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Gallery

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Listing courtesy of Keller Williams Paint Creek. MLS # 20261016823. Information is deemed reliable but not guaranteed and should be independently verified.

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