71 E GREAT LAKES Street River Rouge, MI ^$ 615,000

71 E GREAT LAKES Street

^$ 615,000

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71 E GREAT LAKES Street

River Rouge, MI, 48218

^$ 615,000

Studio Baths10.0 Sq 7,650

Monthly Estimate*

^$ 3,837

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Studio

Multi-Family Home for sale in River Rouge, MI

for $615,000 with 10 full baths. This 7,650 square foot home was built in 1940 on a lot size of 0.13.

Fully Remodeled in 2017/2018 with all permits. (See interior photos!) Property has 10 units, all 1 bedroom units where the tenants pay for their own gas & Electric with DTE (Each unit is individually metered). All tenants are on month to month agreements and aware of sale. Maintenance should be normal to minimal as each year we have city inspections. All the units have the same footprint (Wear and tear will be different per unit). This property is ideal for investors looking for steady income and low maintenance.

Multi-Family Active

Price

^$ 615,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 9,460

Style

Lot Size

0.13

Year Built

1940

Town/City

River Rouge

County/Region

Wayne

MLS | Web ID

60392289

Features

Interior

Interior Amenities DSL Available

Basement Egress/Daylight Windows Partially Finished

Fireplace? No

Total Number of Units 10

Fuel Type Natural Gas

General

Possession At Close

Water Community

Status Active Active

Full Baths 10

Half Baths 0

Bathrooms 10

Year Built 1940

Parking On Street

Subdivision RIVER ROUGE IMPROVEMENT COS SUB NO 2 MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Ownership Private

Municipality River Rouge

Zoning Multi-Family

Sale/Rent For Sale

Status Detail 0

Area River Rouge (82144)

Primary City River Rouge

Directions Jefferson and E. Great Lakes are the cross roads (Across from the Park).

City River Rouge

School District River Rouge School District

Financial Terms Cash Conventional

Legal Description 525C248B 249 N W 15 FT OF LOT 248 ALSO LOT 249 RIVER ROUGE IMPROVEMENT COS SUB NO. 2 PC 525 L23 P54 WCR

DOM 168

Postal Code 48218

Price Per Sq Ft Total AG 80.39

Public Remarks Fully Remodeled in 2017/2018 with all permits. (See interior photos!) Property has 10 units

Exterior

Exterior Brick

Frontage 0

Lot Size Area 0.13

Lot Dimensions 45.00 x 127.60

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Shannon McDougal

Listing Agent

Gemstone Realty

Broker

smcdougal@gogemstone.com

Affordability Calculator

$4,625

Per Month

Monthly Principal & Interest: $3,837
Monthly Property Taxes: $788
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in River Rouge, MI

Average List Price ^$274,849

Percent of Sale Price 55%

About River Rouge, MI

7,258 Population

-27% Since 2002

^$27,700 Median Income

34.64 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759550 Elementary School

759979 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/21/2025	$615,000	-5.38%	Price Down
8/26/2025	$650,000	-18.24%	Price Down
5/7/2025	$795,000		Listed Price

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71 E GREAT LAKES Street, River Rouge, MI, 48218 is a Multi-Family Home for sale at $615,000 with 7,650 sqft and a lot size of 0.13. 71 E GREAT LAKES Street is a studio with 10.0 baths and was built in 1940. The property's zip code is 48218 which is in River Rouge, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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71 E GREAT LAKES Street

Multi-Family Home for sale in River Rouge, MI

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