9190 Schaefer Highway
Detroit, MI, 48228 $ 49,900
Bedrooms2 Baths2.0 Sq 1,416 Monthly Estimate*
$ 307
for $49,900 with 2 bedrooms and 2 full baths. This 1,416 square foot home was built in 1955 on a lot size of 0.12.
Opportunity meets flexibility at 9190 Schaefer, Detroit, MI 48228: a multi-family home with 1,416 sq ft and a layout that invites a smart, value-add transformation. With a little bit of fire damage and a clear need for some loving, this is the kind of hands-on project fix and flip investors look for when they want room to create, reposition, and capture upside through the finish work. Inside, the footprint is set up with 2 bedrooms and 2 baths, giving you a strong starting point for multiple exit strategies. The property can be converted into 1 unit, 2 units, or even 2 bed, 2 units, letting you tailor the configuration to your plan and your crew’s strengths, whether that means designing a single larger residence or reworking it into separate living spaces. The existing 2 bedroom, 2 bath count also supports practical, straightforward planning as you map out repairs and improvements. Sitting on a 5,184 sq ft lot, the site adds breathing room beyond the walls and helps support the type of functional exterior use many buyers and residents appreciate. That lot size can give your renovation a stronger finish line, with the space to present the property cleanly, define outdoor areas, and deliver a more complete, polished final product that complements the interior changes you make. If you are looking for a Detroit multi-family sale where the story is not already written, this one stands out for its combination of existing space, workable core specs, and conversion potential. Request details and schedule a showing to evaluate 9190 Schaefer in person and lock in your renovation plan.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Ranch
Pool Features None
Construction Materials Brick
Pets Allowed Yes
Year Built 1955
Levels One
Property Subtype MultiFamily
County Wayne
Net Operating Income 25000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ROBERT M GRINDLEYS SUB 5
Garage Y/N N
Full Baths 2
Status Active
Directions Take Shaefer North of Joy property on east side of block
City DetroitCity_Wayne
Disclosures NoRestrictions ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area05042Det6TireGrnfldLivernois
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 5651.0
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 31285
Expected Active Date 2026-06-10
Legal Description E SCHAEFER HWY S 40.75 FT OF W 127 FT 17 ROBERT M GRINDLEYS SUB NO 5 L31 P18 PLATS W C R 22/559 40.75 X 127
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ExteriorWater Source Public SeparateMeters
Foundation Details Slab
Spa N
Lot Dimensions 40.75X127
Lot Size Acres 0.12
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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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1416.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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* Excluded FeaturesList ByRashad ElabedListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $307
- Monthly Property Taxes
- $471
- 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 NearbyMulti-family listings in Detroit, MI
Average List Price $287,057
Percent of Sale Price 475%
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.
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/11/2026 | $49,900 | | Listed Price |