4 months on rocket

1798 Wabash St, Detroit, MI, 48216

$900,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
1 Full Bath, 2 Partial
6,173 SqFt
$146/SqFt
House

Location

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1798 Wabash St, Detroit$900,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingAttached
Attached Garage1 space
Year Built1948
HeatingNatural Gas, ENERGY STAR Qualified Equipment, Radiant, Space Heater(s)
MLS #20240046886
Lot Size0.15 Acres
StatusActive

About 1798 Wabash St

Corktown's Hottest Property! Discover the unparalleled potential of 1798 Wabash, an extraordinary property strategically positioned in Detroit's dynamic Corktown district. Located steps away from the newly revitalized Michigan Central Station, recently renovated by Ford Motor Company, this property presents a once-in-a-lifetime chance to secure a prime piece of real estate at an incredible value. Highlights: Currently a non-conforming commercial use with it being zoned R2 under Detroit's Master Plan. This allows for single family or condo development. Expansive Space: Boasting over 6000 sqft of space, currently divided into 4 units, each equipped with 220-volt electricity. Potential for Growth: Expand to 6 units and explore the option to add a second floor, maximizing income potential and versatility. Historic Charm: Situated in the heart of Corktown, adjacent to the historic Michigan Central Station, a symbol of Detroit's rich heritage and promising future. Surrounded by Amenities: Enjoy proximity to trendy cafes, boutique shops, and upscale dining, enhancing the property's appeal to residents and businesses alike. Why Invest: This property offers an exceptional opportunity for savvy investors, developers, and entrepreneurs looking to capitalize on Detroit's rapid revitalization. Whether you envision creating luxury condos, establishing a thriving commercial hub, or both, 1798 Wabash provides the canvas for your ambitious endeavors. Act Now: Submit your best offer today and take advantage of this rare chance to own a piece of Detroit's future. Contact us now to schedule a viewing and explore the endless possibilities awaiting you at 1798 Wabash. Don't delay - this opportunity won't last long! BATVAI

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1948
  • Stories: 1
  • Living Area: 6,173 SqFt

Listing Office:

  • Office Name: Downtown Realty
  • Office Phone: (313) 466-7253
  • Listing Agent: Jeffrey Rutledge

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Attached

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, ENERGY STAR Qualified Equipment, Radiant, Space Heater(s)

Other

Directions Information:

  • Directions: Go West on Michigan Ave. from downtown Detroit. Take a left on Wabash and go down a few blocks and 1798 Wabash will be on the corner.

Price Information

Listing Price Info

Price Summary:

  • List Price: $900,000
  • Price Per SqFt: $146/SqFt

Tax Information:

  • Annual Amount: $5,213
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

1798 Wabash St vs Detroit

143 DAYS ON ROCKET

+98 Days

$900,000

+$815K More

$146/SqFt

+$72 More

KEY TAKEAWAY

This property is $815K more than the Median Sold Price and $72/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: #20240046886

Listing Office:

  • Office Name: Downtown Realty
  • Office Phone: (313) 466-7253
  • Listing Agent: Jeffrey Rutledge

IDXDisclaimer: 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.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:55:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 10, 2019Home Sold
$400,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,213$114,400
2020$921$28,000
2018$921$20,600
2017$916$9,300

History based on county public records data.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,765

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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.

Nearby Schools

school-card-donut-474791
2
/10

  • Maybury Elementary School

  • 4410 Porter St

  • 1.33 miles

  • Public District Grades PK-5

school-card-donut-474792
8
/10

  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 2.11 miles

  • Public District Grades KG-5

school-card-donut-474793
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 2.32 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,688. The majority of Detroit, MI residents have income less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1798 Wabash St

What is the listing price of this property?

The listing price of 1798 Wabash St property is $900,000.

What type of property is this?

The property 1798 Wabash St is a house located in Detroit, Michigan, 48216.

Is this property for sale now?

Active Listing: 1798 Wabash St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,213 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 10, 2019 for $400,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1798 Wabash St has 4 bedrooms and 1 full and 2 half bathrooms.

What is the square footage of this property?

The property 1798 Wabash St is 6,173 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1798 Wabash St is 1948.

Rocket Homes›Michigan›Wayne County›Detroit›48216›1798 Wabash St

This home is located at 1798 Wabash St in Detroit, MI and zip code 48216 in the Corktown District neighborhood. This 6,173 square foot home, which was built in 1948, sits on a 0.15 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 01, 2024 and is currently priced at $900,000.

Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 sold below. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.

From Rocket Homes Real Estate and based on county public records data.

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