About This Home

This 8-bedroom, 4-bathroom residential multi family at 1541 Elm Street in Detroit, MI is listed for $899,000 ($226 per sqft). Built in 2026, the home offers 3,980 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 2026
  • 0.11 acre lot
  • 2 stories
  • 8 parking spaces

Property Details

2 stories
4 full
8 spaces
2026

Amenities

A/C
Listing Description

*** LAND CONTRACT TERMS AVAILABLE WITH 0% INTEREST!!! *** Exceptional NEW CONSTRUCTION. 4 BEDROOM 2 Bathrooms UNITS, 2-Unit Multifamily with Option to Convert to 4-Unit Multifamily EASILY! Investment Opportunity in North Corktown! Located in the Heart of Downtown Detroit, This turnkey multi-family property features 2 identical units, each offering

4 Bedrooms, 4 Full Baths, spacious living area, full kitchen with quartz countertops, gas, laundry hookups, central air conditioning, and private entry. With approximately 3,980 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.

Monthly Cost Estimate

$4,808/mo

20% down · 6.5% · 30 years

Principal$650
Interest$3,896
Insurance$262

Estimates only. Actual payments may vary.

Location

1541 Elm Street

Detroit, MI 48216

Mc Keowns Sub

Features & Amenities

Interior Features

Cable AvailableDual-Flush Toilet(s)ENERGY STAR(R) Qualified Door(s)ENERGY STAR(R) Qualified Light Fixture(s)ENERGY STAR(R) Qualified Window(s)High Spd Internet AvailLaundry FacilityProgrammable Thermostat

Property Details

Construction

Aluminum Vinyl

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 1541 Elm Street is listed at $899,000 ($226/sqft). The estimated monthly payment is $4,808 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2026, 0.11 acre lot, 2 stories, 8 parking spaces. Interior Features: Cable Available, Dual-Flush Toilet(s), ENERGY STAR(R) Qualified Door(s).

This property is listed by Briyana Jordan.

BJ

Briyana Jordan

Agent at M77 LLC

Listed by M77 LLC · Broker phone: (248) 649-7200 · View on Broker Site · Broker website

MLS# 20261016823· Source: Realcomp Limited II· 222 days on PropertySimple

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1541 Elm Street, Detroit, MI 48216

Open this listing in: