This well-maintained Bagley multifamily property at 17169 Prairie St offers strong rental income potential in a growing Detroit neighborhood. Featuring 2 units with 2 bedrooms, 1 bath, kitchen with a den, dining and living room in each unit. This property is perfect for investors or owner-occupants looking for cash flow. Located near major highways, public transit, and local amenities, the property benefits from a stable rental history and recent updates, new carpet, hardwood floors throughout first floor, painted **Key Features:** - 2 units of 2 bedrooms each - Strong rental income potential - Recent updates and well-maintained - Prime location with easy access to transit and amenities - Can be converted into a single family home that can have up to 6 bedrooms. Contact David today to learn more or schedule a tour!
This property is $98.9K more than the Median Sold Price and $7/SqFt more 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: #20240088245
Listing Office:
Office Name: Detroit Progress Realty LLC
Office Phone: (313) 888-6060
Listing Agent: David Dawood
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.
$990
Per Month
Principal & Interest
$923
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
$621
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
3
/10
Bagley Elementary School of Journalism and Technology
8100 Curtis St
Distance between this listing and this school0.58 miles
Public District Grades PK-6
2
/10
Pasteur Elementary School
19811 Stoepel St
Distance between this listing and this school1.39 miles
Public District Grades PK-6
1
/10
Adamsyoung Building
13130 Grove St
Distance between this listing and this school1.51 miles
Public Charter Grades KG-5
Nearby Schools
1
/10
Mary McLeod Bethune Elementary-Middle School
8145 Puritan St
Distance between this listing and this school0.70 miles
Public Magnet Grades PK-8
2
/10
Palmer Park Preparatory Academy
3901 Margareta St
Distance between this listing and this school0.71 miles
Public District Grades 5-8
1
/10
Paul Robeson Malcolm X Academy
2585 Grove St
Distance between this listing and this school0.95 miles
Public District Grades PK-8
Nearby Schools
4
/10
The School at Marygrove
8425 W McNichols Rd
Distance between this listing and this school0.52 miles
Public District Grades 9-12
2
/10
Mumford High School
17525 Wyoming St
Distance between this listing and this school1.00 miles
Public Magnet Grades 9-12
5
/10
Joy Preparatory Academy
15055 Dexter Ave
Distance between this listing and this school1.26 miles
The neighbors living near this home have an average income of $42,409. Typical income of Detroit, MI residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
This home is located at 17169 Prairie St in Detroit, MI and zip code 48221 in the Bagley neighborhood. This 2,448 square foot home, which was built in 1936, sits on a 0.10 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since November 23, 2024 and is currently priced at $184,900.
While more than 91 listings in Detroit, MI in December 2024 were sold above asking price, there were more than 68 listings sold at asking price, and more than 231 were sold below. In December 2024 in Detroit, MI there were 0.2% more homes for sale than in November 2024. While the average time on the market in December 2024 was 46 days, the median list price was $85,917.
From Rocket Homes Real Estate and based on county public records data.