1541 Elm ST, Detroit, MI 48216
1541 Elm ST, Detroit, MI 48216
1541 Elm ST, Detroit, MI 48216
1541 Elm ST, Detroit, MI 48216
1541 Elm ST, Detroit, MI 48216
1541 Elm ST, Detroit, MI 48216
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$ 899,000
Est. payment | /mo

4 Baths

3,600 SqFt


Save
$ 899,000
Est. payment | /mo
Save

4 Baths

3,600 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $249

Subdivision Mc Keowns Sub

MLS Listing ID 20261016823

Style Other,Quadruplex

Full Baths 4

Year Built 2026

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type MultiFamily

Property Description

*** LAND CONTRACT TERMS AVAILABLE WITH 0% INTEREST!!! *** Exceptional NEW CONSTRUCTION POSSIBLE IF BUYER WANTS 4-Unit Multifamily investment opportunity in North Corktown with Certificate of Occupancy issued March 23, 2026. Located in the Heart of Downtown Detroit, This turnkey multi-family property features 4 identical units, each offering 2 bedrooms, 1 full bath, spacious living area, full kitchen with quartz countertops, gas, laundry hookups, central air conditioning, and private entry. With approximately 3,600 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 $12,000. 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.

Location

State MI

County Wayne

Area Area05053Detwoodwardmcclellansomack

Interior

Interior Features DualFlushToilets, ENERGYSTARQualifiedDoors, ENERGYSTARQualifiedLightFixtures, HighSpeedInternet, ProgrammableThermostat

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Laundry InUnit

Exterior

Parking Features ParkingLot

Pool None

Utilities Available AboveGroundUtilities, CableAvailable

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation CrawlSpace

Sewer Public Sewer

Water Public

New Construction No

Schools

High Schools Detroit

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Contract, Conventional, FHA

Listing Terms Cash, Contract, Conventional, FHA

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Cats Ok, Dogs Ok

Realcomp MLS
Listed by Briyana Jordan of Keller Williams Paint Creek

Nearby Locations

Nicole Stillman

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1541 Elm ST