18419 W CHICAGO Street Detroit, MI $ 575,000
18419 W CHICAGO Street
$ 575,000
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18419 W CHICAGO Street

Detroit, MI, 48228
$ 575,000
Baths14.0 Sq 11,310

Monthly Estimate*

$ 3,587

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Studio

Multi-Family Home for sale in Detroit, MI

for $575,000 with 14 full baths. This 11,310 square foot home was built in 1962 on a lot size of 0.37.

Excellent investment opportunity in Detroit! This is a 14 unit apartment building with 12 units currently occupied. This can be a long term investment to generate cash flow for a savvy investor.

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Multi-Family Active

Price

$ 575,000

Bedrooms

Studio

Full Bath

14

Property Type

Multi-Family

Taxes

$ 6,528

Style

Lot Size

0.37

Year Built

1962

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20221038422

Features
General
Sewer PublicSewer
Heating Baseboard NaturalGas Radiant
Cooling WallUnits
Utilities AboveGroundUtilities
Possession AtClose
Roof Asphalt
Architectural Style Other
Pool Features None
Construction Materials Other
Pets Allowed No
Year Built 1962
Electric CircuitBreakers
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 63600.0
Operating Expense 54000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name FRANKLIN PARK (PLATS)
Garage Y/N N
Rent Includes Heat Sewer SnowRemoval TrashCollection Water
Full Baths 14
Status Active
Directions South of Plymouth North of Joy Rd West of Southfield Fwy East of Evergreen. Take the Southfield Freeway to the Joy Rd exit to get to West Chicago.
City DetroitCity_Wayne
Disclosures ActualIncome AnnualPropertyOperatingDataAvailable TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 14
MLS Area Area05034DetJoySchoolcraftGrnfldLimits
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 12
Land Lease Y/N N
Tax Annual Amount 6528.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 78202
Expected Active Date 2022-09-06
Legal Description S W CHICAGO 13 THRU 6 FRANKLIN PARK SUB L55 P74 PLATS W C R 22/307 161.5 X 100
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Exterior
Exterior Amenities Balcony
Parking Features ParkingLot
Water Source Public
Total Parking 12.0
Lot Size Area 0.37
Foundation Details Slab
Spa N
Lot Dimensions 162.00 x 100.00
Lot Size Acres 0.37
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 11310.0
Half Baths 0
Laundry Features LaundryRoom
Above Grade Finished Area Unit Type SquareFeet
Total Baths 14
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Internal Only
Street Number 1 18419
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* Excluded Features
List By
Siegel Clore III

Listing Agent

Ips Management Llc

Broker

(313) 334-3813

Phone

Affordability Calculator

$4,131
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,587
Monthly Property Taxes
$544
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/19/2025$575,000 -8.00% Price Down
3/26/2025$625,000 Listed Price

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18419 W CHICAGO Street, Detroit, MI, 48228 is a Multi-Family Home for sale at $575,000 with 11,310 sqft and a lot size of 0.37. 18419 W CHICAGO Street is a studio with 14.0 baths and was built in 1962. The property's zip code is 48228 which is in Detroit, MI