3931 Mcgraw Street, Detroit, MI 48208
Local realty services provided by:ERA Prime Real Estate Group
3931 Mcgraw Street,Detroit, MI 48208
$550,000
- - Beds
- 27 Baths
- 24,255 sq. ft.
- Multi-family
- Active
Listed by: antoine hayes
Office: elite urban realty professionals
MLS#:20261060857
Source:MI_REALCOMP
Price summary
- Price:$550,000
- Price per sq. ft.:$22.68
About this home
McGraw/Boulevard Lawn Apartments
Strategically positioned at McGraw Street and West Grand Boulevard, this four-section, interconnected multifamily complex offers exceptional redevelopment potential within an increasingly connected area of Detroit. The property sits between several of the city’s most significant investment districts, including Henry Ford Health’s $3 billion Future of Health initiative, Ford’s Michigan Central innovation district, and the advancing $62 million Junction McGraw industrial development. Access to I-94 and I-96 connects the site to Downtown, Midtown, Dearborn, major employment centers, Detroit’s stadium and entertainment district—including Ford Field, Comerica Park, and Little Caesars Arena—and the Ambassador and Gordie Howe international bridges to Canada.
The apartments offer varied configurations serving a broad range of household needs. A unit mix weighted toward three-bedroom apartments can accommodate families seeking larger rental housing. Generously sized two-bedroom units provide flexibility for residents who work from home or need office, study, or multipurpose space. One-bedroom apartments further broaden the tenant base and allow the development to serve multiple household sizes and price points.
This substantial redevelopment opportunity is ideally suited to a seasoned, well-capitalized developer with the experience and resources to execute a comprehensive, multi-phase rehabilitation. The project requires a sponsor capable of navigating structural rehabilitation, municipal approvals, construction financing, phased construction, and lease-up. For the right team, it presents an exceptional opportunity to reposition a distinctive 27-unit residential asset, create quality housing for Detroit’s missing-middle workforce, support broader workforce-development goals, and pursue nearby infill opportunities.
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Home facts
- Year built:1920
- Subdivision & Development:BELA HUBBARDS SUB L5 P46
- Listing ID #:20261060857
- Added:56 day(s) ago
- Updated:October 01, 2026 at 10:13 AM
Rooms and interior
- Total bathrooms:27
- Full bathrooms:27
- Basement Description:Common, Full, Interior Entry, Unfinished
- Living area:24,255 sq. ft.
Heating and cooling
- Heating:Natural Gas, Other Heating Source
Structure and exterior
- Year built:1920
- Building area:24,255 sq. ft.
- Lot area:0.38 Acres
- Construction Materials:Brick, Stone
- Exterior Features:Deck
- Foundation Description:Basement, Brick Mortar
- Levels:Three
Utilities
- Water:Public, Separate Meters
- Sewer:Public Sewer
Finances and disclosures
- Price:$550,000
- Price per sq. ft.:$22.68
- Tax amount:$16,955
Parking
- Total parking spaces:20
- Parking description:Parking Lot, Paved, Shared Driveway
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