2987 Franklin Street # PH 14
Detroit, MI, 48207 $ 1,885,000
Bedrooms4 Baths4.1 Sq 4,860 Monthly Estimate*
$ 11,902
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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FeaturesInteriorInterior Amenities DSL Available Elevator/Lift Sound System Wet Bar/Bar
Great Room Level Entry
Basement Unfinished
Bedroom 3 Level Entry
Bedroom 1 Level Entry
Bedroom 2 Level Entry
Beds 4
Fireplace? Yes
Total Rooms 12
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GeneralHeating Forced Air
Kitchen Level Second
Cooling Central A/C
Possession Negotiable (Possession)
Fireplaces Grt Rm Fireplace Natural Fireplace
Garage Direct Access
Water Public Water
Appliances Dishwasher Disposal Dryer Microwave Range/Oven Refrigerator Washer
Status Active Active
Full Baths 4
Half Baths 1
Bathrooms 5
Year Built 1943
Parking 2 Spaces
Subdivision Franklin 2987 Lofts Condo MI
Water Heater Gas
Style Split Level Loft
County Wayne
Class RESIDENTIAL
Type Condominium
Ownership Private
Municipality Detroit
Sale/Rent For Sale
Status Detail 0
HOA Fee Includes Maintenance Grounds Snow Removal Maintenance Structure Sewer
Structure Style Bi-Level
Area Detroit (82001)
Primary City Detroit
Directions S of Jefferson/E of Chene Take Jefferson East Right on McDougall two blocks down on the corner of Franklin and McDougall
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional
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
DOM 8
Postal Code 48207
Price Per Sq Ft Total AG 387.86
Public Remarks 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
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ExteriorExterior Brick Metal Siding
Exterior Amenities Exterior Balcony Patio
Lot Size Area 0
Roads Paved Street
Waterfront Y/N No
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* Excluded FeaturesList ByErika BrikhoListing Agent
erika@crain-homes.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,902
- Monthly Property Taxes
- $1,198
- 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 NearbyCondo listings in Detroit, MI
Average List Price $301,866
Percent of Sale Price 84%
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.
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/23/2026 | $1,885,000 | | Listed Price |