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4841 Cortland St, Detroit, MI, 48204

$119,900

Home List Price

$1,424*

Closing Credit

0 Baths
Multi

Location

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4841 Cortland St, Detroit$119,900

Buyer Closing Credits

$1,424*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1926
HeatingForced Air
BasementYes
MLS #24060691
Lot Size0.08 Acres
StatusActive

About 4841 Cortland St

Calling all Investors!! This duplex is an amazing cash flow opportunity right next to Detroit's sought after Russell Wood neighborhood. Lower unit is rented for $900/month. Upper is currently vacant,. Both units are a 2/1. You could either house hack, move someone in as is, or even do some additional updates to achieve a higher rent. The possibilities are endless! Tenant's pay all utilities! Home is professionally managed by Grant & Main.

Property Details

Property Features

Property Information:

  • Year Built: 1926

Listing Office:

  • Office Name: Grant and Main, LLC
  • Office Phone: (313) 261-2921
  • Listing Agent: Megan Taylor

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: East of Livernois & North of Cortland

Price Information

Listing Price Info

Price Summary:

  • List Price: $119,900

Tax Information:

  • Annual Amount: $619
  • 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

4841 Cortland St vs Detroit

1 DAY ON ROCKET

-44 Days

$119,900

+$34.9K More

KEY TAKEAWAY

This property is $34.9K more than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24060691

Listing Office:

  • Office Name: Grant and Main, LLC
  • Office Phone: (313) 261-2921
  • Listing Agent: Megan Taylor

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 7:20:53 AM 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$619$9,700
2020$1,099$12,300
2018$1,099$9,400
2017$1,094$8,600

History based on county public records data.

Payment Calculator

$666

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$426

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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-1106069
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 1.61 miles

  • Public District Grades KG-5

school-card-donut-1106070
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 2.33 miles

  • Public Charter Grades KG-5

school-card-donut-1106071
5
/10

  • McDonald Elementary School

  • 10151 Diversey St

  • 2.45 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,568. Most Detroit, MI residents have annual incomes less than $35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48204›4841 Cortland St

This home is located at 4841 Cortland St in Detroit, MI and zip code 48204 in the Winterhalter neighborhood. This home, which was built in 1926, sits on a 0.08 acre lot. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $119,900.

While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were 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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