1541 Elm Street, Detroit, MI 48216

Detroit
Local realty services provided by:ERA Prime Real Estate Group
1541 Elm Street,Detroit, MI 48216
$899,000
  • - Beds
  • 4 Baths
  • 3,980 sq. ft.
  • Multi-family
  • Active
Listed by: briyana jordan
Office: keller williams paint creek
MLS#:20261016823
Source:MI_REALCOMP

Price summary

  • Price:$899,000
  • Price per sq. ft.:$225.88

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...

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Home facts

  • Year built:2026
  • Subdivision & Development:MC KEOWNS SUB
  • Listing ID #:20261016823
  • Added:223 day(s) ago
  • Updated:November 01, 2026 at 02:48 PM

Rooms and interior

  • Total bathrooms:4
  • Full bathrooms:4
  • Bathrooms Description:Dual Flush Toilets
  • Living area:3,980 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:2026
  • Building area:3,980 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Aluminum Siding, Vinyl Siding
  • Exterior Features:Covered, Porch
  • Foundation Description:Crawl Space
  • Levels:Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$899,000
  • Price per sq. ft.:$225.88
  • Tax amount:$38

Features and amenities

  • Laundry features:In Unit
  • Amenities:Dual Flush Toilets, ENERGY STAR Qualified Doors, ENERGY STAR Qualified Light Fixture(s), High Speed Internet, Programmable Thermostat

Parking

  • Total parking spaces:8
  • Parking description:Parking Lot
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