3931 McGraw Street Detroit, MI $ 550,000
3931 McGraw Street
$ 550,000
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3931 McGraw Street

Detroit, MI, 48208
$ 550,000
Baths27.0 Sq 24,255

Monthly Estimate*

$ 3,473

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Studio

Multi-Family Home for sale in Detroit, MI

for $550,000 with 27 full baths. This 24,255 square foot home was built in 1920 on a lot size of 0.38.

McGraw/Boulevard Lawn Apartments Strategically positioned at McGraw Street and West Grand Boulevard, this four-section, interconnected multifamily complex offers exceptional redevelopment potential within an increasingly connected area of Detroit. The property sits between several of the city's most significant investment districts, including Henry Ford Health's $3 billion Future of Health initiative, Ford's Michigan Central innovation district, and the advancing $62 million Junction McGraw industrial development. Access to I-94 and I-96 connects the site to Downtown, Midtown, Dearborn, major employment centers, Detroit's stadium and entertainment district--including Ford Field, Comerica Park, and Little Caesars Arena--and the Ambassador and Gordie Howe international bridges to Canada. The apartments offer varied configurations serving a broad range of household needs. A unit mix weighted toward three-bedroom apartments can accommodate families seeking larger rental housing. Generously sized two-bedroom units provide flexibility for residents who work from home or need office, study, or multipurpose space. One-bedroom apartments further broaden the tenant base and allow the development to serve multiple household sizes and price points. This substantial redevelopment opportunity is ideally suited to a seasoned, well-capitalized developer with the experience and resources to execute a comprehensive, multi-phase rehabilitation. The project requires a sponsor capable of navigating structural rehabilitation, municipal approvals, construction financing, phased construction, and lease-up. For the right team, it presents an exceptional opportunity to reposition a distinctive 27-unit residential asset, create quality housing for Detroit's missing-middle workforce, support broader workforce-development goals, and pursue nearby infill opportunities. Buyer to independently verify all building measurements.

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Multi-Family Active

Price

$ 550,000

Bedrooms

Studio

Full Bath

27

Property Type

Multi-Family

Taxes

$ 16,955

Style

Lot Size

0.38

Year Built

1920

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61018360

Features
General
Heating Other-See Remarks
Cooling Other
Possession At Close
Water Public Water
Status Active Active
Full Baths 27
Half Baths 0
Bathrooms 27
Year Built 1920
Subdivision Bela Hubbards Sub L5 P46 MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 0
Ownership Private
Municipality Detroit
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Area Detroit (82001)
Primary City Detroit
Directions Accessible via W Grand Blvd I-94 or W Warren.
City Detroit
School District Detroit City School District
Financial Terms Cash
Legal Description S MCGRAW N 5 FT OF E 148.53 FT 2 86.75 FT ON W LN 132.04 FT ON E LN OF E 148.53 FT 1 BLK 14 BELLA HUBBARDS SUB L13 P5 PLATS W C R 14/76 160.12 IRREG
DOM 1
Postal Code 48208
Price Per Sq Ft Total AG 22.68
Public Remarks McGraw/Boulevard Lawn Apartments Strategically positioned at McGraw Street and West Grand Boulevard this four-section
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Interior
Basement Common
Fireplace? No
Total Number of Units 27
Fuel Type Natural Gas
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Exterior
Exterior Brick Stone
Exterior Amenities Deck
Frontage 130
Lot Size Area 0.38
Lot Dimensions 127x130
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Antoine Hayes

Listing Agent

Elite Urban Realty Professionals

Broker

antoine.2022@yahoo.com

Email

Affordability Calculator

$4,886
Per Month
71%
29%
0%
Monthly Principal & Interest
$3,473
Monthly Property Taxes
$1,413
Monthly 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
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/6/2026$550,000 Listed Price

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3931 McGraw Street, Detroit, MI, 48208 is a Multi-Family Home for sale at $550,000 with 24,255 sqft and a lot size of 0.38. 3931 McGraw Street is a studio with 27.0 baths and was built in 1920. The property's zip code is 48208 which is in Detroit, MI