3931 McGraw Street
Detroit, MI, 48208 $ 550,000
Bedrooms60 Baths27.0 Sq 24,255 Monthly Estimate*
$ 3,473
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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FeaturesGeneralSewer 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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InteriorBasement 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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ExteriorParking 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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* Excluded FeaturesList ByAntoine HayesListing Agent
Elite Urban Realty ProfessionalsBroker
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in Detroit, MI
Average List Price $254,813
Percent of Sale Price 54%
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 |
|---|
| 8/6/2026 | $550,000 | | Listed Price |