2987 Franklin Street # PH 14 Detroit, MI $ 1,885,000
2987 Franklin Street # PH 14
$ 1,885,000
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2987 Franklin Street # PH 14

Detroit, MI, 48207
$ 1,885,000
Bedrooms4 Baths4.1 Sq 4,860

Monthly Estimate*

$ 13,019

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Condo for sale in Detroit, MI

for $1,885,000 with 4 bedrooms and 4 full baths, 1 half bath. This 4,860 square foot condo was built in 1943.

There are few residences in Detroit that offer this combination of scale, privacy, architectural character, and outdoor living. Spanning nearly 5,000 square feet, with a 1,750 square foot rooftop terrace, this remarkable penthouse feels more like a private estate than a traditional condominium. With generous space for dining, entertaining, and quiet evenings overlooking the city, this home is truly one of Detroit's best kept secrets. The rooftop terrace, which offers a private dog park area, is one of Detroit’s most exceptional private outdoor spaces. Inside, expansive windows bring the city into nearly every room. Originally designed by renowned Detroit architect Steve Flum, the interior is layered with distinctive architectural details and craftsmanship. The kitchen and bar area, completed in 2022, pairs handcrafted cabinetry and illuminated vitrines with an exceptional kitchen island, premium appliances, and elegant finishes. Installed throughout the residence are functional steel art pieces by Detroit artist Logan Merry, including the floating steel staircase and bathroom shelving. You will also find restored cathedral doors, and a hand-carved wood-burning fireplace that create an atmosphere that is sophisticated, artistic, and deeply connected to the building’s character. The primary suite offers a sense of retreat with a freestanding copper soaking tub, mosaic glass steam shower, and expansive custom closets. Three additional ensuite bedrooms provide privacy and comfort for family or guests. Thoughtful amenities include elevator access, motorized window shades, an integrated sound system, two sets of laundry appliances, and two dedicated parking spaces in a secure gated lot. Set just two blocks from the Detroit RiverWalk and minutes from Belle Isle, the Detroit Yacht Club, downtown, sports arenas, restaurants, and Detroit’s cultural destinations, this is a rare opportunity to experience the city from an entirely different vantage point.

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Condo Active

Price

$ 1,885,000

Bedrooms

4

Full Bath

4

Half Bath

1

Property Type

Condo

Taxes

$ 14,372

Style

Loft,Split Level

Year Built

1943

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261069933

Features
Interior
Interior Amenities Elevator EntranceFoyer HighSpeedInternet ProgrammableThermostat SoundSystem WetBar
Basement Unfinished
Fireplace Features GreatRoom WoodBurning
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 4860.0
Half Baths 1
Laundry Features InUnit
Total Bedrooms 4
Above Grade Finished Area Unit Type SquareFeet
Total Baths 5
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General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Possession Negotiable
Roof Rubber
Appliances BuiltInGasOven BuiltInRefrigerator Dishwasher Disposal Dryer FreeStandingRefrigerator GasCooktop Microwave VentedExhaustFan Washer WineRefrigerator
HOA Fee 891.0
Garage Spaces 0.0
Association Fee Includes MaintenanceGrounds MaintenanceStructure Sewer SnowRemoval
Patio/Porch Features Patio
Architectural Style Loft SplitLevel
Construction Materials Brick MetalSiding
Pets Allowed CatsOk DogsOk
Year Built 1943
Levels BiLevel
Unit Number PH 14
Property Subtype Condominium
Assoc Fee Paid Per Monthly
County Wayne
New Construction N
Property Type Residential
HOA Y
Attached Garage N
Subdivision Name FRANKLIN 2987 LOFTS CONDO
Garage Y/N N
Total Rooms 7
Full Baths 4
Status Active
Directions S of Jefferson/E of Chene Take Jefferson East Right on McDougall two blocks down on the corner of Franklin and McDougall
City DetroitCity_Wayne
Disclosures TaxesHomesteadExempt
Entry Location UpperLevelwElevator
Senior Community Y/N N
High School District Detroit
MLS Area Area05053DetWoodwardMcclellanSoMack
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 14372.39
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 Owner
Tax Assessed Value 226221
Expected Active Date 2026-09-24
Legal Description N FRANKLIN UNIT NO 14 WAYNE COUNTY CONDO PLAN NO 1095 FRANKLIN 2987 LOFTS CONDOMINIUM RECORDED L54500 P897 DEEDS W C R 11/14 5.81%; 1 451 SQ FT SPLIT/COMBINED ON 10/05/2017 FROM 11000072-4 110000
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Exterior
Exterior Amenities Balcony PermeablePaving
Parking Features Assigned2Spaces DirectAccess ParkingLot NoGarage
Water Source Public
Foundation Details Basement Poured
Spa N
Lot Size Acres 0.0
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 2987
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* Excluded Features
List By
Erika Brikho

Listing Agent

Crain Homes

Broker

(248) 895-7720

Phone

Affordability Calculator

$14,217
Per Month
92%
8%
0%
Monthly Principal & Interest
$13,019
Monthly Property Taxes
$1,198
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
9/23/2026$1,885,000 Listed Price

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2987 Franklin Street # PH 14, Detroit, MI, 48207 is a Condo for sale at $1,885,000 with 4,860 sqft. 2987 Franklin Street # PH 14 has 4 bedrooms, 4.1 baths, and was built in 1943. The property's zip code is 48207 which is in Detroit, MI