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Backup Offers

1975 Seward St, Detroit, MI, 48206

$149,900

Home List Price

$1,780*

Closing Credit

4 Full Baths
3,250 SqFt
$46/SqFt
Multi

Location

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1975 Seward St, Detroit$149,900

Buyer Closing Credits

$1,780*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1916
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240070977
Lot Size0.11 Acres
StatusAccepting Backup Offers

About 1975 Seward St

Fantastic 4-Unit Investment Opportunity in Detroit’s LaSalle Park Community Located in the rapidly developing LaSalle Park neighborhood, this 4-unit multi-family property offers an exceptional opportunity for investors. Each unit features 2 spacious bedrooms, 1 bathroom, hardwood floors, and its own private balcony porch. While the property does require rehab to reach top rental potential, its location within Detroit’s North End Empowerment Zone makes it a prime investment. The area is flush with new developments, including modern condos and renovated multi-unit buildings, ensuring long-term growth and demand. With continued investment pouring into the neighborhood, this property is ideal for those looking to create a lucrative rental income or explore the possibilities of short-term rentals like Airbnb. Don’t miss out on this chance to own a piece of Detroit’s growing real estate market! Buyer to pay listing broker a $495 compliance fee

Property Details

Property Features

Property Information:

  • Architectural Style: Quadruplex
  • Year Built: 1916
  • Stories: 2
  • Living Area: 3,250 SqFt

Listing Office:

  • Office Name: Amin Realty
  • Office Phone: (833) 264-6832
  • Listing Agent: Erick Howard

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Circuit Breakers

Bedroom and Bathroom Information:

  • Full Bathrooms: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Rosa Parks South to Steward Rt on Steward

Price Information

Listing Price Info

Price Summary:

  • List Price: $149,900
  • Price Per SqFt: $46/SqFt

Tax Information:

  • Annual Amount: $590
  • 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

1975 Seward St vs Detroit

57 DAYS ON ROCKET

+12 Days

$149,900

+$64.9K More

$46/SqFt

-$28 Less

KEY TAKEAWAY

This property is $64.9K more than the Median Sold Price and $28/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: #20240070977

Listing Office:

  • Office Name: Amin Realty
  • Office Phone: (833) 264-6832
  • Listing Agent: Erick Howard

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: 11/17/2024, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$590$17,900
2020$1,135$15,600
2018$1,135$9,200
2017$1,151$10,800

History based on county public records data.

Payment Calculator

$816

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

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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-481056
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.05 miles

  • Public Charter Grades KG-5

school-card-donut-481057
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 1.17 miles

  • Public Charter Grades KG-5

school-card-donut-481058
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 1.29 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 $17,500. The majority of Detroit, MI residents have income less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48206›1975 Seward St

This home is located at 1975 Seward St in Detroit, MI and zip code 48206 in the Rosa Parks neighborhood. This 3,250 square foot home, which was built in 1916, sits on a 0.11 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $149,900.

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 inventory of homes for sale in Detroit, MI between September 2024 and October 2024 increased by 11.2%. 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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