242 E PALMER Street # 3 Detroit, MI $ 224,500
242 E PALMER Street # 3
$ 224,500
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242 E PALMER Street # 3

Detroit, MI, 48202
$ 224,500
Bedrooms2 Baths1.0 Sq 950

Monthly Estimate*

$ 1,382

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Condo for sale in Detroit, MI

for $224,500 with 2 bedrooms and 1 full bath. This 950 square foot condo was built in 1912.

Located in Detroit's historic Art Center neighborhood, this residence offers the kind of character and walkability that continue to make this area one of Midtown's most desirable pockets. Just steps from the Detroit Institute of Arts, College for Creative Studies, Wayne State University, the Detroit Medical Center, cafés, restaurants, and the QLINE, the location places some of the city's best cultural and everyday destinations within easy reach. Set within a classic brick building surrounded by historic architecture, the unit blends original detail with practical modern updates. Rich wood trim, built-in millwork, hardwood floors, and a striking coffered ceiling give the main living space warmth and personality rarely found in newer construction. Large bay windows bring in great natural light and overlook the neighborhood's tree-lined streets and historic homes. The single-level layout offers comfortable, well-connected living spaces. The living room feels open yet inviting, while the kitchen features stone countertops, slate tile flooring, generous cabinet space, and direct access to a private outdoor deck - an uncommon feature in Midtown condo living and a great extension of the space during warmer months. Additional features include in-unit laundry, dedicated storage, and one detached garage parking space included with the unit. Art Center is known for its mix of historic buildings, cultural institutions, and residential streets that feel connected to the energy of Midtown without being directly in the middle of it. A rare opportunity to own a residence with authentic architectural character in one of Detroit's most established neighborhoods.

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Condo Active

Price

$ 224,500

Bedrooms

2

Full Bath

1

Property Type

Condo

Taxes

$ 290

Style

Loft

Year Built

1912

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60991844

Features
General
Heating Forced Air
Kitchen Level Entry
Cooling Central A/C
Possession At Close
Garage Detached Garage
Water Public Water
Appliances Dishwasher Disposal Dryer Range/Oven Refrigerator Washer
Status Active Active
Full Baths 1
Half Baths 0
Bathrooms 1
Year Built 1912
Subdivision WAYNE COUNTY CONDO PLAN NO 888 (LANCASTER LOFTS) MI
Water Heater Gas
Style Loft
County Wayne
Class RESIDENTIAL
Type Condominium
Ownership Private
Municipality Detroit
Sale/Rent For Sale
Status Detail 0
Structure Style 1 Story
Area Detroit (82001)
Primary City Detroit
Directions Woodward to Palmer E.
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional FHA VA
Legal Description UNIT 3 ; WAYNE COUNTY CONDO PLAN NO 888 LANCASTER LOFTS REC L43889 P149-203 DEEDS WCR 1/247 12.5% NEZ REHAB CERT #2004-0999 PARCEL #23002004.0999.
DOM 1
Postal Code 48202
Price Per Sq Ft Total AG 236.32
Public Remarks Located in Detroit's historic Art Center neighborhood
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Exterior
Exterior Brick
Exterior Amenities Patio
Pool (Y/N) No
Roads Paved Street
Waterfront Y/N No
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Interior
Bedroom 1 Level Entry
Bedroom 2 Level Entry
Beds 2
Fireplace? No
Total Rooms 5
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* Excluded Features
List By
Jerome Huez

Listing Agent

Berkshire Hathaway Homeservices The Loft Warehouse

Broker

jerome@theloftwarehouse.com

Email

Affordability Calculator

$1,406
Per Month
98%
2%
0%
Monthly Principal & Interest
$1,382
Monthly Property Taxes
$24
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
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/11/2026$224,500 Listed Price

Map


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242 E PALMER Street # 3, Detroit, MI, 48202 is a Condo for sale at $224,500 with 950 sqft. 242 E PALMER Street # 3 has 2 bedrooms, 1.0 baths, and was built in 1912. The property's zip code is 48202 which is in Detroit, MI