Nikki Trombley - Arterra Realty Logo
$899,000
 $4,826 est/mo Sourced by Back At You

1541 Elm Street,Detroit, MI 48216

Detroit, MI 48216

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Description

*** LAND CONTRACT TERMS AVAILABLE WITH 0% INTEREST!!! *** Exceptional NEW CONSTRUCTION. 2 BEDROOM 1Bathroom UNITS, 4-Unit Multifamily investment opportunity in North Corktown! Located in the Heart of Downtown Detroit, This turnkey multi-family property features 4 identical units, each offering 2 Bedrooms, 1 Full Bath, spacious living area, full kitchen with quartz countertops, gas, laundry hookups, central air conditioning, and private entry. With approximately 3,600 total sq ft, this newly built asset was designed for efficient, low-maintenance ownership. Each unit includes heavy-duty security doors, smart locks, and smart thermostats, while the property also offers 24-hour surveillance cameras and a rear parking lot with 8 spaces. Fast Growing Area for Developments with 7-unit apartment building being built right across the street. Tax Exemption in place until 2033. Projected gross monthly income of approximately $8,000. Rare opportunity for local and out-of-state investors seeking a newly constructed, easy-to-manage asset in one of Detroit's fastest-growing neighborhoods.

Details

MLS #60978028
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending
Year2026
Days On Site197
Listing Provided ByKeller Williams Paint Creek | Briyana Jordan

Features

Bath(s) 4 Total
SQ Feet3,980
Story(s)2
Units4
Acreage0.11

Interior

Cooling Yes / NoYes
CoolingCentral Air
Heating Yes / NoYes
HeatingForced Air
Interior FeaturesCable/Internet Avail., DSL Available
AppliancesGas Water Heater

Exterior

Construction MaterialsAluminum Siding, Vinyl Siding
Foundation DetailsCrawl

Other

List AorReal Comp

Taxes

Property38

Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48216
AreaDetroit (82001)
Community NameMc Keowns Sub
Listing VS Median (in Mc Keowns Sub)
Price:
$899,000
low | high
Med:
$899,000
50% of Average
sqft:
3,980
low | high
Med:
3,980
50% of Average
$ / sqft:
$226
low | high
Med:
$226
50% of Average
On site:
197
low | high
Med:
195
100% of Average
Sourced by Back At You

Market Activity 48216

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Additional Information

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Learn More About This Property

Nikki Trombley

Nikki Trombley

Arterra

 (586) 255-1223salesbynikki@gmail.com
StateMI
CountyWayne
CityDetroit
Zip Code48216
AreaDetroit (82001)
Community NameMc Keowns Sub
Listing VS Median (in Mc Keowns Sub)
Price:
$899,000
low | high
Med:
$899,000
50% of Average
sqft:
3,980
low | high
Med:
3,980
50% of Average
$ / sqft:
$226
low | high
Med:
$226
50% of Average
On site:
197
low | high
Med:
195
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $674K - $1.123M
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
1541 Elm Street Property Photo 1
$899,000
1541 Elm Street
Detroit, MI 48216
1541 Elm Street Property Photo 1
$899,000
1541 Elm Street
Detroit, MI 48216
1541 Elm Street Property Photo 1
$899,000
1541 Elm Street
Detroit, MI 48216
Listing Updated: September 29, 2026 at 4:54:29 AM PDT