# 1541 Elm Street, Detroit, MI 48216

> **TL;DR:** 8bd/4ba residential multi family, $899,000 ($250/sqft), built 2026, 3,600 sqft.
> A/C. Est. $4,808/mo. Listed 130 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $899,000 |
| Price/sqft | $250 |
| Bedrooms | 8 |
| Bathrooms | 4 full |
| Square Feet | 3,600 |
| Year Built | 2026 |
| Lot Size | 4,792 sqft (0.11 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 130 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,546 |
| Estimated Insurance | $262 |
| **Total** | **$4,808** |

## Key Amenities

- A/C

## Property Highlights

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

## Description

### Agent Description
*** 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.

## Location

- **Address:** 1541 Elm Street, Detroit, MI 48216
- **County:** Wayne
- **Neighborhood:** Mc Keowns Sub
- **Coordinates:** 42.338952, -83.072219
- **Google Maps:** https://www.google.com/maps?q=42.338952,-83.072219

## Listing Agent

- **Name:** Briyana Jordan
- **Brokerage:** Keller Williams Paint Creek
- **Phone:** 6164697164

## Primary Photo

![1541 Elm Street - Primary Photo](http://lh.rdcpix.com/1a4c68a3585a5d9857e4e47c25dfbf76l-f3327945840r.jpg)

*26 total photos available on [listing page](https://www.propertysimple.ai/listing/1541-elm-street-detroit-mi-48216-61016823)*

---

**MLS#:** 20261016823 | **Updated:** 2026-08-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1541-elm-street-detroit-mi-48216-61016823)

---

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