2240 Taylor Street Detroit, MI ^$ 197,500

2240 Taylor Street

^$ 197,500

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2240 Taylor Street

Detroit, MI, 48206

^$ 197,500

Studio Baths2.0 Sq 2,836

Monthly Estimate*

^$ 1,216

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Studio

Multi-Family Home for sale in Detroit, MI

for $197,500 with 2 full baths. This 2,836 square foot home was built in 1924 on a lot size of 0.1.

Prime investment opportunity in the sought-after Boston Edison neighborhood. This home is partially rehabbed and requires only cosmetic touches and light repairs to reach full rental or resale condition. Features a walkout egress and shares a driveway and backyard with 2250 Taylor St, offering potential for a package deal. Excellent cash-flow potential in a strong appreciation area.

Multi-Family Active

Price

^$ 197,500

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,867

Style

Lot Size

0.1

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60958565

Features

General

Heating Forced Air

Cooling Central A/C

Possession At Close

Water Public Water

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1924

Subdivision Joy Farm Also P39 MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 0

Ownership Private

Municipality Detroit

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions via 14th St Head northeast on Chicago Blvd toward 14th St

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional FHA 203K

Legal Description N TAYLOR 435 JOY FARM SUB L32 P39-40 PLATS W C R 10/99 35 X 120.50

DOM 50

Postal Code 48206

Price Per Sq Ft Total AG 69.64

Public Remarks

Interior

Basement Block Poured

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Brick

Exterior Amenities Porch

Frontage 35

Lot Size Area 0.1

Lot Dimensions 35X120.5

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Colleen Hanna

Listing Agent

Keller Williams Realty-Great Lakes

Broker

colleen@monzogroup.com

Affordability Calculator

$1,538

Per Month

Monthly Principal & Interest: $1,216
Monthly Property Taxes: $322
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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 Detroit, MI

Average List Price ^$245,199

Percent of Sale Price 24%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/13/2026	$197,500	-1.25%	Price Down
12/11/2025	$199,999		Listed Price

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2240 Taylor Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $197,500 with 2,836 sqft and a lot size of 0.1. 2240 Taylor Street is a studio with 2.0 baths and was built in 1924. The property's zip code is 48206 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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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2240 Taylor Street

Multi-Family Home for sale in Detroit, MI

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