4002 W Philadelphia Street Detroit, MI ^$ 62,500

4002 W Philadelphia Street

^$ 62,500

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Recently Listed

4002 W Philadelphia Street

Detroit, MI, 48204

^$ 62,500

Studio Baths2.1 Sq 2,482

Monthly Estimate*

^$ 395

4002 W Philadelphia Street, Detroit, MI 48204 - Image 1

4002 W Philadelphia Street, Detroit, MI 48204 - Image 2

4002 W Philadelphia Street, Detroit, MI 48204 - Image 3

4002 W Philadelphia Street, Detroit, MI 48204 - Image 4

4002 W Philadelphia Street, Detroit, MI 48204 - Image 5

4002 W Philadelphia Street, Detroit, MI 48204 - Image 6

Studio

Multi-Family Home for sale in Detroit, MI

for $62,500 with 2 full baths, 1 half bath. This 2,482 square foot home was built in 1922 on a lot size of 0.09.

Major capex is already done. A brand new roof and gutters mean zero deferred maintenance up top, and the plumbing and electrical have both been upgraded. The expensive, behind-the-walls work is finished. From here, it's all upside. Windows need replacing, an easy forced-appreciation play, while a massive unfinished bungalow attic sits primed to convert into an additional bedroom. Add a bed, add rent, add value on day one. The 2-car detached garage rounds it out as an extra income stream or premium tenant draw. Ideal BRRRR or buy-and-hold. Priced to move.

Multi-Family Active

Price

^$ 62,500

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 2,899

Style

Colonial

Lot Size

0.09

Year Built

1922

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61009338

Features

General

Heating Forced Air

Possession At Close

Status Active Active

Full Baths 2

Half Baths 1

Bathrooms 3

Year Built 1922

Subdivision Stormfeltz-Lovely Co Sub MI

Style Colonial

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 0

Ownership Private

Municipality Detroit

Zoning Multi-Family

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions E of Livernois Ave W of Grand Blvd on W Philadelphia St.

City Detroit

School District Detroit City School District

Financial Terms Cash

Legal Description N PHILADELPHIA 298 STORMFELTZ-LOVELEY CO SUB L29 P99 PLATS W C R 14/167 36 X 104

DOM 1

Postal Code 48204

Price Per Sq Ft Total AG 25.18

Public Remarks Major capex is already done. A brand new roof and gutters mean zero deferred maintenance up top and the plumbing and electrical have both been upgraded. The expensive

Exterior

Exterior Brick

Lot Size Area 0.09

Lot Dimensions 36X104

Roads Paved Street

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Scott Fader

Listing Agent

Joseph Walter Realty, Llc

Broker

broker@josephwalterrealty.com

Affordability Calculator

$636

Per Month

Monthly Principal & Interest: $395
Monthly Property Taxes: $242
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 ^$266,415

Percent of Sale Price 326%

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.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/8/2026	$62,500		Listed Price

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4002 W Philadelphia Street, Detroit, MI, 48204 is a Multi-Family Home for sale at $62,500 with 2,482 sqft and a lot size of 0.09. 4002 W Philadelphia Street is a studio with 2.1 baths and was built in 1922. The property's zip code is 48204 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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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4002 W Philadelphia Street

Multi-Family Home for sale in Detroit, MI

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