1550 Cherboneau Place # 221
Detroit, MI, 48207 $ 37,400
Bedrooms1 Baths1.0 Sq 63,192 Monthly Estimate*
$ 230
for $37,400 with 1 bedroom and 1 full bath. This 63,192 square foot home was built in 1963 on a lot size of 3.02.
In the heart of Historic Lafayette Park! Spacious first-floor 2-bedroom co-op is full of potential and priced for someone ready to bring their vision to life. With a little updating and modern touches, this could become an incredible downtown retreat with unbeatable value. Enjoy generous storage and an unbeatable location just moments from some of Detroit's most loved destinations, including the Dequindre Cut, Eastern Market, the Riverwalk, major sports venues, dining, nightlife, and entertainment. Residents of Cherboneau Place enjoy a welcoming community atmosphere with impressive amenities including gated parking, beautifully maintained grounds, a community room, library, on-site laundry, exercise room, workshop space, private secure storage, and elevator access for added convenience. The monthly HOA ($720) provides exceptional value by covering property taxes, water, heat, trash service, building maintenance, and A/C maintenance. Assoc. contact: marcusmgt@aol.com / 248.553.47 Opportunity knocks in the heart of Historic Lafayette Park! This spacious first-floor 2-bedroom co-op is full of potential and priced for someone ready to bring their vision to life. With a little updating, fresh flooring and modern touches, this could become an incredible downtown retreat with unbeatable value. Enjoy generous storage and an unbeatable location just moments from some of Detroit's most loved destinations, including the Dequindre Cut, Eastern Market, the Riverwalk, major sports venues, dining, nightlife, and entertainment. Residents of Cherboneau Place enjoy a welcoming community atmosphere with impressive amenities including gated parking, beautifully maintained grounds, a community room, library, on-site laundry, exercise room, workshop space, private secure storage, and elevator access for added convenience. The monthly HOA provides exceptional value by covering property taxes, water, heat, trash service, building maintenance, and A/C maintenance, making everyday living both simple and affordable. Co-op board approval is required. Cash purchase only. Owner-occupied residents only.
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FeaturesInteriorInterior Amenities Ceiling Fan(s) Elevator Pantry
Basement Partial Slab
Flooring Carpet Laminate
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Insulated Windows
Fireplace Y/N N
Half Baths 0
Laundry Features In Basement Laundry Room Sink
Total Bedrooms 1
Below Grade Finished Area 0.0
Main Level Bedrooms 0
Total Baths 1
Pantry True
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GeneralSewer Public
Heating Baseboard
Cooling Central Air
Utilities Electricity Available Cable Available Natural Gas Connected
Possession Close Of Escrow
Appliances Disposal Microwave Range
HOA Fee 720.0
Association Fee Includes Water Trash Snow Removal Sewer Lawn/Yard Care Heat
Architectural Style Mid-Century Modern Ranch
Security Features Smoke Detector(s)
Construction Materials Brick
Exclusions N/A
Year Built 1963
Stories Count 2
Township Detroit City
Unit Number 221
Property Subtype Stock Cooperative
Tax Year 2025
Ownership Private Owned
Assoc Fee Paid Per Monthly
County Wayne
New Construction N
Property Type Residential
Association Amenities Laundry Library Storage
HOA Y
Garage Y/N N
Total Rooms 3
Full Baths 1
Status Active
City Detroit
High School District Detroit
Lot Size Units Acres
Lot Size Square Feet 131551.0
Carport Y/N N
Listing Terms Cash
Land Lease Y/N N
Tax Annual Amount 0.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 747497
Legal Description W ORLEANS 12 N 30 FT OF 13 LAFAYETTE PARK SUB L80 P87-91 PLATS WCR 7/100 131 735 SQ FT
Senior Community None
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ExteriorWater Source Public
Lot Size Area 3.02
Spa N
Building Area Total 763.0
Lot Dimensions 0
Lot Size Acres 3.02
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByBerkshire Hathaway HomeserviceBroker
brianjcmeeks@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $230
- Monthly Property Taxes
- --
- 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.
Learn more about how to save NearbyCo-op listings in Detroit, MI
Average List Price $113,880
Percent of Sale Price 204%
About Detroit, MI 633,657 Population
-33% Since 2002
$ 26,977 Median Income
36.23 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
5365343 Elementary School
5477414 Middle School
Martin Luther King Jr. Senior High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/21/2026 | $37,400 | | Listed Price |