15523 Mack Avenue Detroit, MI $ 1,000,000
15523 Mack Avenue
$ 1,000,000
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15523 Mack Avenue

Detroit, MI, 48224
$ 1,000,000
Baths20.0 Sq 10,000

Monthly Estimate*

$ 6,157

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Studio

Multi-Family Home for sale in Detroit, MI

for $1,000,000 with 20 full baths. This 10,000 square foot home was built in 1929 on a lot size of 0.17.

Directly across from Grosse Pointe, 15523 Mack Avenue presents a rare opportunity to acquire a 20-unit mixed-use asset in one of Detroit's most sought-after border markets. The property consists of 18 residential units and 2 commercial spaces positioned along the highly visible Mack Avenue corridor, offering investors immediate scale and significant value-add potential. Located just minutes from Downtown Grosse Pointe, Corewell Health Beaumont Grosse Pointe Hospital, and Downtown Detroit, the property sits in a proven corridor supported by strong residential demand, established commercial activity, and continued public and private investment. Investors have the opportunity to increase value through renovation, lease-up, rent growth, commercial occupancy, operational improvements, and overall repositioning of the asset. City-approved redevelopment plans are available for purchase separately, providing a head start for future redevelopment, expansion, or adaptive reuse initiatives. The property may be eligible for Brownfield TIF, OPRA, PILOT programs, SBA financing, and potential 4% LIHTC incentives, creating additional avenues to enhance project feasibility and returns. Opportunities to acquire a mixed-use asset of this size, location, and redevelopment potential are becoming increasingly difficult to find as replacement costs continue to rise and barriers to new development remain high. Combining Grosse Pointe adjacency, Detroit pricing, multiple income streams, redevelopment potential, and appreciation potential, 15523 Mack Avenue offers a compelling opportunity for investors seeking a scalable asset with upside in one of Detroit's strongest border-market locations. Seller may consider Land Contract terms for qualified buyers. Proof of funds and Hold Harmless Agreement required prior to scheduling a showing. All information deemed reliable but not guaranteed. Buyer and Buyer's Agent to verify all information and perform their own due diligence.

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Multi-Family Active

Price

$ 1,000,000

Bedrooms

Studio

Full Bath

20

Property Type

Multi-Family

Taxes

$ 28,197

Style

Lot Size

0.17

Year Built

1929

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60999267

Features
General
Heating Radiant Steam
Possession At Close
Water Public Water
Status Active Active
Full Baths 20
Half Baths 0
Bathrooms 20
Year Built 1929
Subdivision More Than One Sub Involved MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 0
Ownership Private
Municipality Detroit
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions Travel East on Mack Ave Past Alter Rd
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional
Legal Description N MACK E 0.14 FT ON S LINE BG E 0.10 FT ON N LINE OF 7 LYG N & ADJ MACK AVE 120 FT WD
DOM 0
Postal Code 48224
Price Per Sq Ft Total AG 100
Public Remarks Directly across from Grosse Pointe
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Interior
Basement Outside Entrance
Fireplace? No
Total Number of Units 20
Fuel Type Natural Gas
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Exterior
Exterior Brick
Exterior Amenities Fenced Yard
Frontage 100
Lot Size Area 0.17
Lot Dimensions 100.14X72.64
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Jay Naim

Listing Agent

Exp Realty Main

Broker

jaynaimrealtor@gmail.com

Email

Affordability Calculator

$8,507
Per Month
72%
28%
0%
Monthly Principal & Interest
$6,157
Monthly Property Taxes
$2,350
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
6/4/2026$1,000,000 Listed Price

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15523 Mack Avenue, Detroit, MI, 48224 is a Multi-Family Home for sale at $1,000,000 with 10,000 sqft and a lot size of 0.17. 15523 Mack Avenue is a studio with 20.0 baths and was built in 1929. The property's zip code is 48224 which is in Detroit, MI