3 months on rocket

4847 Baldwin St, Detroit, MI, 48214

$1,150,000

Home List Price

$10,000*

Closing Credit

28 Full Baths, 2 Partial
15,837 SqFt
$73/SqFt
Multi

Location

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4847 Baldwin St, Detroit$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1925
HeatingElectric, Forced Air
BasementYes
MLS #20240068455
Lot Size0.17 Acres
StatusActive

About 4847 Baldwin St

Located on Baldwin Street just north of The Villages neighborhood,The Balren apartment building is within close proximity to Downtown Detroit and all major highways. Built in 1925, the three story brick building has been under renovations and presents a value-add investment opportunity with potential for over $300,000 in gross income. List of improvements permitted and approved by BSEED include in-wall and underground plumbing, mechanical, electrical, new split units installed and new framing completed for 13 of 26 units. There’s a new laundry room with new concrete slab in basement. The building consists of 26 apartments including: - 6 studios - 18 one bedrooms - 2 two bedroom apartments. Expected monthly rents range from $850 to $1,250 per month. There’s an additional parking lot included directly next to the building.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1925
  • Living Area: 15,837 SqFt

Listing Office:

  • Office Name: OConnor Realty Detroit, LLC
  • Office Phone: (313) 963-9891
  • Listing Agent: Griffin Krebsbach

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 28

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Electric, Forced Air

Other

Directions Information:

  • Directions: On Baldwin just south of Warren

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000
  • Price Per SqFt: $73/SqFt

Tax Information:

  • Annual Amount: $3,355
  • 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

$67

Avg. Days On Market

49

# of Sold Homes

396

4847 Baldwin St vs Detroit

101 DAYS ON ROCKET

+52 Days

$1,150,000

+$1.0M More

$73/SqFt

+$5 More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $5/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: #20240068455

Listing Office:

  • Office Name: OConnor Realty Detroit, LLC
  • Office Phone: (313) 963-9891
  • Listing Agent: Griffin Krebsbach

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: 12/22/2024, 11:21:07 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

Jun 26, 2019Home Sold
$300,000
Jan 10, 2018Home Sold
$510,000
Sep 14, 2016Home Sold
$255,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,355$195,200
2020$2,175$158,200
2018$2,175$24,000
2017$9,042$22,400

History based on county public records data.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

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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-1109173
2
/10

  • Oakland International Academy Elementary School

  • 4001 Miller St

  • 1.72 miles

  • Public Charter Grades 2-4

school-card-donut-1109174
3
/10

  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 2.01 miles

  • Public Charter Grades KG-5

school-card-donut-1109175
3
/10

  • Bridge Academy East

  • 9600 Buffalo St

  • 2.35 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,006. Residents of Detroit, MI typically earn less than $35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48214›4847 Baldwin St

This home is located at 4847 Baldwin St in Detroit, MI and zip code 48214 in the Lower East neighborhood. This 15,837 square foot home, which was built in 1925, sits on a 0.17 acre lot. Features: 30 bathrooms. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $1,150,000.

Over 94 listings were sold over their listed price in November 2024 in Detroit, MI. In the same period over 247 listings were sold below the listed price and 55 listings were sold for the listed price. The number of listings in Detroit, MI increased by 2% between October 2024 and November 2024. In November 2024 median list price was $85,016 and the average listing age was 49 days.

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

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