$625,000

20810 W Chicago Street, Detroit, MI 48228

  • 8,984 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1948
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $70/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Discover this well-maintained 11-unit apartment building located in the heart of Detroit. The property features 4 spacious two-bedroom units and 7 comfortable one-bedroom units, offering a versatile mix to attract a wide range of tenants. Strong Occupancy: 9 of 11 units currently leased, providing immediate cash flow. Tenant-Paid Utilities: Each unit is separately metered for electric, with tenants responsible for their own usage. Landlord-Paid Water: Simplifies utility management for residents. Investment Potential: Opportunity to increase income with two vacant units ready for new tenants or updates. This property is ideal for an investor seeking a stable, income-producing asset with room for growth. Conveniently located near major roads, schools, and amenities, this building offers both short- and long-term upside potential in Detroit’s rental market. *Showings by appointments by only.

Listing Status:
Active
Listing Office:
EXP Realty Main : 8885017085
Listing Agent:
Kestiny Todd : 2487619891
MLS ID:
20251030310
  • Heating: Forced airNatural gas
  • General: BrickTwo
  • Road/Access: Paved
  • Originating MLS: Realcomp II Ltd
  • School District: Detroit
  • County: Wayne
  • Zoning: N W CHICAGO 32 THRU 35 WESTERN ROUGE PARK SUB L55 P93 PLATSW C R 22/321 87.66 IRREGW22I004056C9
  • Current Use: Multi familyResidential
  • Water: Public
  • Sewer: Public sewerSewer at street
  • Source: Realcomp II Ltd

This listing courtesy of Kestiny Todd, EXP Realty Main

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

M

Mann Learning Community

19625 Elmira St, Detroit, MI, 48228

Grades KG-5

0.61 miles away

D

Dixon Educational Learning Academy

8401 Trinity St, Detroit, MI, 48228

Grades KG-8

0.72 miles away

C

Cody High School

18445 Cathedral St, Detroit, MI, 48228

Grades 9-12

1.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

22755 GRAND RIVER Avenue, Detroit, MI 48219
Commercial Property

$624,999

  • 8,019 sqft |
  • 0.41 acre lot
22755 GRAND RIVER Avenue Detroit, MI 48219

#20240086652 - Reach Realty Group