About This Home

This 4-bedroom, 2-bathroom residential multi family at 4021 Elmhurst Street in Detroit, MI is listed for $20,000 ($8 per sqft). Built in 1925, the home offers 2,414 sqft of living space on a 0.07 acres lot.

Key Features

  • Built in 1925
  • 0.07 acre lot
  • 2 stories

Property Details

2 stories
2 full
1925
Listing Description

Great opportunity to invest in the city of Detroit. This brick multi-family home is located in Detroit's Nardin Park neighborhood and zoned R2.Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan.

Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests.

The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission information.

Monthly Cost Estimate

$107/mo

20% down · 6.5% · 30 years

Principal$14
Interest$87
Insurance$6

Estimates only. Actual payments may vary.

Location

4021 Elmhurst Street

Detroit, MI 48204

Lewis & Crofoots Sub 4

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 4-bedroom, 2-bathroom residential multi family at 4021 Elmhurst Street is listed at $20,000 ($8/sqft). The estimated monthly payment is $107 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1925, 0.07 acre lot, 2 stories.

This property is listed by Leonard A Pickett III.

LI

Leonard A Pickett III

Agent at RCH Brokerage Legacy, Inc.

Listed by RCH Brokerage Legacy, Inc. · Broker phone: (248) 440-2268 · View on Broker Site · Broker website

MLS# 20251060934· Source: Realcomp Limited II· 313 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.

4021 Elmhurst Street, Detroit, MI 48204

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