7507 Hanover Street # 1-2 Detroit, MI ^$ 300,000

7507 Hanover Street # 1-2

^$ 300,000

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7507 Hanover Street # 1-2

Detroit, MI, 48206

^$ 300,000

Studio Baths0.0

Monthly Estimate*

^$ 1,847

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Studio

Multi-Family Home for sale in Detroit, MI

for $300,000. This home was built in 1918 on a lot size of 0.06.

Come see this beautiful Multi-family Investment Property located in the historic Lasalle Gardens neighborhood. Each unit has 3bedrooms and is painted in nice neutral colors, laminate and hardwood flooring, nice modern kitchen with wooden cabinetry and stainless steel appliances. Each unit has a stackable washer and dryer in unit for convience. Property also has a basement for storage. Property was completely rehabbed in 2019 with new heating,plumbing and electrical. Roof and gutters replaced in 2024, sump pump and french drain installed in 2021, Sewer line was replaced to the main in 2025. Upper Unit is vacant. Few minor repairs will make this multi -family property good as new. Lower unit is currently occupied. Tenant has a month-month Lease Agreement, the unit is being rented at $1170 per month. This is a great Investment in a prime area!

Multi-Family Active

Price

^$ 300,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 780

Style

2 to 4 Units

Lot Size

0.06

Year Built

1918

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

26016428

Features

General

Sewer Public Sewer

Heating Baseboard Forced Air Wall Furnace

Cooling Central Air

Utilities Natural Gas Available Electricity Available Natural Gas Connected Electricity Connected

Possession Close Of Escrow

Construction Materials Brick Vinyl Siding

Year Built 1918

Tenant Pays Electric Gas

Township Detroit City

Unit Number 1-2

Property Subtype 2 to 4 Units

Tax Year 2025

Ownership Private Owned

County Wayne

New Construction N

Property Type Multi Family

Status Active

Directions North of W. Grand Blvd. W of Rosa Parks

City Detroit

High School District Detroit

Number Of Units Total 2

Lot Size Units Acres

Lot Size Square Feet 2614.0

Listing Terms Cash Conventional

Land Lease Y/N N

Tax Annual Amount 780.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Tax Assessed Value 2020

Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2022. W HANOVER E 82.91 FT 33 OSBORN & MCCALLUMS SUB L10 P51 PLATS W C R 8/80 30 X

Senior Community None

Interior

Basement Full

Basement (Y/N) Y

Air Conditioning Y/N Y

Heating Y/N Y

Laundry Features In Unit

Total Baths 0

Exterior

Lot Features Sidewalk

Total Parking 2.0

Lot Size Area 0.06

Number of Buildings 1

Spa N

Lot Dimensions 83 sqft

Lot Size Acres 0.06

Road Surface Type Paved

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 7507

* Excluded Features

List By

Exp Realty, Llc

Broker

plainvllc@gmail.com

Affordability Calculator

$1,912

Per Month

Monthly Principal & Interest: $1,847
Monthly Property Taxes: $65
Monthly Home Insurance: --

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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 ^$263,588

Percent of Sale Price 12%

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.

3706345 Elementary School

3706341 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/18/2026	$300,000		Listed Price

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7507 Hanover Street # 1-2, Detroit, MI, 48206 is a Multi-Family Home for sale at $300,000 with a lot size of 0.06. 7507 Hanover Street # 1-2 is a studio with 0.0 baths and was built in 1918. 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.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 4/18/2026.

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7507 Hanover Street # 1-2

Multi-Family Home for sale in Detroit, MI

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