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2987 Franklin Street # 5-2D Detroit, MI $ 260,000
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2987 Franklin Street # 5-2D
$ 260,000
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2987 Franklin Street # 5-2D

Detroit, MI, 48207
$ 260,000
Bedrooms1 Baths1.0 Sq 690

Monthly Estimate*

$ 1,601

2987 Franklin Street # 5-2D, Detroit, MI 48207 - Image 1
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2987 Franklin Street # 5-2D, Detroit, MI 48207 - Image 8
2987 Franklin Street # 5-2D, Detroit, MI 48207 - Image 9
2987 Franklin Street # 5-2D, Detroit, MI 48207 - Image 10
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2987 Franklin Street # 5-2D, Detroit, MI 48207 - Image 15

Condo for sale in Detroit, MI

for $260,000 with 1 bedroom and 1 full bath. This 690 square foot condo was built in 1943.

Industrial character meets Rivertown living in this beautifully upgraded historic loft. Built in 1905 and once home to WWII military manufacturing, the building carries a rich legacy — now thoughtfully reimagined for modern living. This unit stands out within the community thanks to its extensive upgrades and exceptional natural light. Large windows fill the open-concept space with sunlight, highlighting the loft’s authentic industrial feel while offering comfort and functionality. Enjoy living near the Detroit Riverwalk, Atwater Brewery, the marina, multiple parks, and the new nightlife destination The Big Pink. An NEZ tax abatement through 2035 provides meaningful property tax savings, and the HOA fee remains notably reasonable. Schedule your showing today!

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Condo Active

Price

$ 260,000

Bedrooms

1

Full Bath

1

Property Type

Condo

Taxes

$ 4,241

Style

Loft

Year Built

1943

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261012972
Features
General
Sewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Possession AtClose
HOA Fee 220.0
Garage Spaces 0.0
Association Fee Includes MaintenanceGrounds MaintenanceStructure SnowRemoval Trash Water
Architectural Style Loft
Construction Materials Brick
Exclusions Exclusion(s) Do Not Exist
Pets Allowed Call CatsOk DogsOk
Year Built 1943
Levels One
Unit Number 5-2D
Property Subtype Condominium
Assoc Fee Paid Per Monthly
County Wayne
New Construction N
Property Type Residential
HOA Y
Attached Garage N
Garage Y/N N
Total Rooms 3
Full Baths 1
Status Active
Directions Corner of McDougall and Franklin
City DetroitCity_Wayne
Disclosures ExclusionsDoNotExist NoRestrictions TaxesHomesteadExempt
Entry Location GroundLevelwSteps
Senior Community Y/N N
High School District Detroit
MLS Area Area05066DetMcclellanEastMackToShore
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 4241.0
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 Vacant
Tax Assessed Value 56025
Expected Active Date 2026-03-06
Legal Description N FRANKLIN UNIT NO 5 WAYNE COUNTY CONDO PLAN NO 1095 FRANKLIN 2987 LOFTS CONDOMINIUM RECORDED L54500 P897 DEEDS W C R 11/14
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Exterior
Exterior Amenities GroundsMaintenance Lighting PrivateEntrance
Parking Features Assigned1Space NoGarage
Water Source Public WateratStreet
Foundation Details Slab
Spa N
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 N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 690.0
Half Baths 0
Total Bedrooms 1
Above Grade Finished Area Unit Type SquareFeet
Total Baths 1
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Internal Only
Street Number 1 2987
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* Excluded Features
List By
Grace Mulcahy

Listing Agent

@Properties Christie's Int'l R.E. Birmingham

Broker

(248) 837-9470

Phone

Affordability Calculator

$1,954
Per Month
82%
18%
0%
Monthly Principal & Interest
$1,601
Monthly Property Taxes
$353
Monthly 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
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/2/2026$260,000 Listed Price

Map

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2987 Franklin Street # 5-2D, Detroit, MI, 48207 is a Condo for sale at $260,000 with 690 sqft. 2987 Franklin Street # 5-2D has 1 bedrooms, 1.0 baths, and was built in 1943. The property's zip code is 48207 which is in Detroit, MI

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