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487 PHILIP Street Detroit, MI $ 274,900
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$ 274,900 Get more info
487 PHILIP Street
$ 274,900
Back to search
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487 PHILIP Street

Detroit, MI, 48215
$ 274,900
Baths2.0 Sq 1,952

Monthly Estimate*

$ 1,715

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Studio

Multi-Family Home for sale in Detroit, MI

for $274,900 with 2 full baths. This 1,952 square foot home was built in 1919 on a lot size of 0.12.

GREAT INCOME PROPERTY. LOCATED IN A HIGHLY UPCOMING DESIREABLE AREA. PROPERTY HAS BEEN REHAB FROM TOP TO BOTTOM. (AS YOU CAN SEE IN THE PHOTO'S) IMPECCABLY PUT TOGETHER. IT WAS RECENTLY USED AS AN AIRBNB. BOTH UNITS ARE TOTALLY FINISHED AND ALL FURNITURE AND APPLIANCES WILL REMAIN. WALK RIGHT INTO A GREAT INVESTMENT. TURNKEY READY

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Multi-Family Pending

Price

$ 274,900

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 518

Style

Colonial

Lot Size

0.12

Year Built

1919

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240072122
Features
General
Sewer PublicSewer
Heating ENERGYSTARQualifiedFurnaceEquipment ForcedAir NaturalGas
Possession AtClose
Architectural Style Colonial
Pool Features None
Construction Materials Brick
Pets Allowed No
Year Built 1919
Levels Three
Property Subtype MultiFamily
County Wayne
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name LAKEWOOD PARK SUB (PLATS)
Garage Y/N N
Full Baths 2
Status Pending
Directions Take Jefferson east to Philip go south to property
City DetroitCity_Wayne
Disclosures ActualIncome TaxesPartiallyHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 3
MLS Area Area05066DetMcclellanEastMackToShore
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 1
Land Lease Y/N N
Tax Annual Amount 518.0
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 Pending
Occupancy Type MultipleOccupantTypes
Tax Assessed Value 6000
TaxOtherAnnualAssessmentAmount 0.0
Expected Active Date 2024-09-24
Legal Description Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 12/30/2025. W PHILIP 114 LAKEWOOD PARK SUB L27 P55 PLATS W C R 21/382 35 X 146.19A
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1952.0
Half Baths 0
Total Baths 2
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Exterior
Water Source Public
Total Parking 0.0
Lot Size Area 0.12
Foundation Details Basement Poured
Spa N
Lot Dimensions 35.00 x 146.00
Lot Size Acres 0.12
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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Internal Only
Street Number 1 487
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* Excluded Features
List By
Michael A Eaton

Listing Agent

Estate #1 Realty Group Llc

Broker

(248) 416-3936

Phone

Affordability Calculator

$1,758
Per Month
98%
2%
0%
Monthly Principal & Interest
$1,715
Monthly Property Taxes
$43
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/10/2024$274,900 -8.34% Price Down
9/25/2024$299,900 Listed Price

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487 PHILIP Street, Detroit, MI, 48215 is a Multi-Family Home for sale at $274,900 with 1,952 sqft and a lot size of 0.12. 487 PHILIP Street is a studio with 2.0 baths and was built in 1919. The property's zip code is 48215 which is in Detroit, MI

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