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1408 Lee Place Detroit, MI $ 420,000
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1408 Lee Place
$ 420,000
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1408 Lee Place

Detroit, MI, 48206
$ 420,000
Baths29.0 Sq 19,686

Monthly Estimate*

$ 2,586

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Studio

Multi-Family Home for sale in Detroit, MI

for $420,000 with 29 full baths. This 19,686 square foot home was built in 1924 on a lot size of 0.21.

*OPPORTUNITY!* 29 unit apartment building (15 one bedroom units and 14 two bedroom units) in strategic corner location in the Herman Kiefer sub just south of Boston Edison. Huge opportunity to bring this apartment building back to its former glory! Bring all offers and act fast! Clear title with warranty deed and title insurance. Buyer to verify all information, taxes, room sizes, etc.

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Multi-Family Active

Price

$ 420,000

Bedrooms

Studio

Full Bath

29

Property Type

Multi-Family

Taxes

$ 2,261

Style

Art Deco

Lot Size

0.21

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261020942
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style ArtDeco
Pool Features None
Construction Materials Brick
Pets Allowed Yes
Year Built 1924
Levels Story4to10
Property Subtype MultiFamily
County Wayne
Net Operating Income 337600.0
Operating Expense 80000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name BARBERS SUB
Garage Y/N N
Full Baths 29
Status Active
Directions Rosa Parks to Lee Place to Destination
City DetroitCity_Wayne
Disclosures NoRestrictions ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 29
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 2261.0
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 9561
Expected Active Date 2026-04-01
Legal Description N LEE PLACE 52 53 54 BARBERS SUB L30 P64 PLATS W C R 6/182 96.66 X 95.77
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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 19686.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 29
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 96.66X95.77
Lot Size Acres 0.21
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 1408
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* Excluded Features
List By
Lawrence Else

Listing Agent

Realtyflo Inc

Broker

(313) 315-3215

Phone

Affordability Calculator

$2,774
Per Month
93%
7%
0%
Monthly Principal & Interest
$2,586
Monthly Property Taxes
$188
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
4/1/2026$420,000 Listed Price

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1408 Lee Place, Detroit, MI, 48206 is a Multi-Family Home for sale at $420,000 with 19,686 sqft and a lot size of 0.21. 1408 Lee Place is a studio with 29.0 baths and was built in 1924. The property's zip code is 48206 which is in Detroit, MI

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