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

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

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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!

Condo Coming Soon

Price

^$ 260,000

Bedrooms

Full Bath

Property Type

Condo

Taxes

^$ 4,241

Style

Loft

Year Built

1943

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60972914

Features

General

Heating Forced Air

Kitchen Level Entry

Possession At Close

Water Public Water Public Water at Street

Status Active Coming Soon

Full Baths 1

Half Baths 0

Bathrooms 1

Year Built 1943

Parking 1 Space

Style Loft

County Wayne

Class RESIDENTIAL

Type Condominium

Ownership Private

Municipality Detroit

Subdivision MI

Sale/Rent For Sale

Status Detail 4

HOA Fee Includes Maintenance Grounds Snow Removal Trash Removal Water Maintenance Structure

Structure Style 1 Story

Area Detroit (82001)

Primary City Detroit

Directions Corner of McDougall and Franklin

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

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

DOM 0

Postal Code 48207

Price Per Sq Ft Total AG 376.81

Public Remarks Industrial character meets Rivertown living in this beautifully upgraded historic loft. Built in 1905 and once home to WWII military manufacturing

Exterior

Exterior Brick

Roads Paved Street

Waterfront Y/N No

Interior

Bedroom 1 Level Entry

Beds 1

Fireplace? No

Total Rooms 4

* Excluded Features

List By

Grace Mulcahy

Listing Agent

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

Broker

gracemulcahy.realtor@gmail.com

Affordability Calculator

$1,954

Per Month

Monthly Principal & Interest: $1,601
Monthly Property Taxes: $353
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

Condo listings in Detroit, MI

Average List Price ^$318,586

Percent of Sale Price 23%

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
3/2/2026	$260,000		Listed Price

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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

*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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2987 Franklin Street # 5-2D

Condo for sale in Detroit, MI

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