GREAT INVESTMENT OPPORTUNITY! THIS TWO-FAMILY HOME OFFERS TWO SEPARATE UNITS THAT ALLOW FLEXIBLE USAGE OPTIONS. FOR HOMEOWNERS, LIVING IN ONE UNIT AND RENTING OUT THE OTHER IT CAN BE A SMART FINANCIAL MOVE. RENTING OUT BOTH UNITS CAN PROVIDE A GREAT CASH FLOW OPPORTUNITY.
Property Details
Property Features
Property Information:
Architectural Style: Duplex
Year Built: 1927
Stories: 2
Living Area: 1,698 SqFt
Listing Office:
Office Name: Keller Williams Legacy
Office Phone: (313) 752-0000
Listing Agent: Robert Kabbani
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 2
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Garages
Lot Features
Lot Information:
Lot Size: 0.09 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Hot Water
Other
Directions Information:
Directions: Home is located on Steel Streel between Fenkell Ave and Keeler St.
Price Information
Listing Price Info
Price Summary:
List Price: $59,900
Price Per SqFt: $35/SqFt
Tax Information:
Annual Amount: $2,037
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $25.1K less than the Median Sold Price and $39/SqFt less than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240059820
Listing Office:
Office Name: Keller Williams Legacy
Office Phone: (313) 752-0000
Listing Agent: Robert Kabbani
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$366
Per Month
Principal & Interest
$299
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$246
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Adamsyoung Building
13130 Grove St
Distance between this listing and this school0.81 miles
Public Charter Grades KG-5
1
/10
Coleman A. Young Elementary School
15771 Hubbell St
Distance between this listing and this school0.96 miles
Public District Grades PK-5
3
/10
Bagley Elementary School of Journalism and Technology
8100 Curtis St
Distance between this listing and this school1.76 miles
Public District Grades PK-6
Nearby Schools
3
/10
Martin Luther King Jr Education Center Academy
16827 Appoline St
Distance between this listing and this school0.76 miles
Public Charter Grades KG-8
1
/10
John R. King Academic and Performing Arts Academy
15850 Strathmoor St
Distance between this listing and this school0.86 miles
Public District Grades PK-8
1
/10
Mary McLeod Bethune Elementary-Middle School
8145 Puritan St
Distance between this listing and this school1.07 miles
Public Magnet Grades PK-8
Nearby Schools
4
/10
The School at Marygrove
8425 W McNichols Rd
Distance between this listing and this school1.15 miles
Public District Grades 9-12
2
/10
Mumford High School
17525 Wyoming St
Distance between this listing and this school1.28 miles
Public Magnet Grades 9-12
9
/10
Renaissance High School
6565 W Outer Dr
Distance between this listing and this school1.57 miles
The neighbors living near this home have an average income of $42,639. Residents of Detroit, MI typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
This home is located at 15376 Steel St in Detroit, MI and zip code 48227 in the Harmony VIllage neighborhood. This 1,698 square foot home, which was built in 1927, sits on a 0.09 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since August 13, 2024 and is currently priced at $59,900.
In October 2024 more than 125 listings in Detroit, MI were sold above the asking price. During the same period more than 93 listings were sold at asking price, while more than 257 were sold below. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.
From Rocket Homes Real Estate and based on county public records data.