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

Detroit, MI, 48208
$ 550,000
Bedrooms60 Baths27.0 Sq 24,255

Monthly Estimate*

$ 3,473

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Multi-Family Home for sale in Detroit, MI

for $550,000 with 60 bedrooms and 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

60

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

20261060857

Features
General
Sewer PublicSewer
Heating NaturalGas OtherHeatingSource
Possession AtClose
Garage Spaces 0.0
Patio/Porch Features Deck
Architectural Style Other
Pool Features None
Construction Materials Brick Stone
Exclusions Exclusion(s) Do Not Exist
Pets Allowed Yes
Year Built 1920
Levels Three
Property Subtype MultiFamily
County Wayne
Net Operating Income 0.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name BELA HUBBARDS SUB L5 P46
Garage Y/N N
Full Baths 27
Status Active
Directions Accessible via W Grand Blvd I-94 or W Warren.
City DetroitCity_Wayne
Disclosures AnnualPropertyOperatingDataNotAvailable ConformstoZoning ExclusionsDoNotExist NoInventoryIncluded NoInventoryListAvailable NoRestrictions ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Residential
Number Of Units Total 27
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 16955.0
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 89843
Expected Active Date 2026-08-05
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
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Interior
Basement Common Full InteriorEntry Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 24255.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 27
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Exterior
Parking Features ParkingLot Paved SharedDriveway
Water Source Public SeparateMeters
Total Parking 20.0
Foundation Details Basement BrickMortar
Spa N
Lot Dimensions 127x130
Lot Size Acres 0.38
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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Internal Only
Street Number 1 3931
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* Excluded Features
List By
Antoine Hayes

Listing Agent

Elite Urban Realty Professionals

Broker

(313) 915-8780

Phone

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
848539 Elementary School
848135 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 has 60 bedrooms, 27.0 baths, and was built in 1920. The property's zip code is 48208 which is in Detroit, MI