3760 W Chicago, Detroit, MI 48206

$325,000
22
BA

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List Price
$325,000
Days on Market
10
MLS#
20261047364
Status
ACTIVE
Type
Multifamily
Bathrooms
22

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.

Additional Information

Taxes
$16,533
Acres
0.23
Heating
Forced Air
School District
Detroit
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Michael Heiwig from Listing Office: Signature Sotheby's International Realty Bham.

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