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$ 325,000
Est. payment /mo
New
3760 W Chicago Detroit, MI 48206
22 Baths
10,018 Sqft Lot
UPDATED:
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
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CJ Johnson
Agent | License ID: 6501457704