About This Home
This 8-bedroom, 4-bathroom residential multi family at 1541 Elm Street in Detroit, MI is listed for $899,000 ($250 per sqft). Built in 2026, the home offers 3,600 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
Amenities
*** LAND CONTRACT TERMS AVAILABLE WITH 0% INTEREST!!! *** Exceptional NEW CONSTRUCTION POSSIBLE IF BUYER WANTS 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 $12,000. 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
Estimates only. Actual payments may vary.
Location
1541 Elm Street
Detroit, MI 48216
Mc Keowns Sub
Features & Amenities
Interior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 1541 Elm Street is listed at $899,000 ($250/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 and can be reached at 6164697164.