8 days on rocket

5232 Chalmers St, Detroit, MI, 48213

$124,900

Home List Price

$1,483*

Closing Credit

2 Full Baths
2,100 SqFt
$59/SqFt
Multi

Location

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5232 Chalmers St, Detroit$124,900

Buyer Closing Credits

$1,483*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOneCarGarage
Garage1 space
Year Built1941
HeatingForced Air, Hot Water, Natural Gas
BasementYes
MLS #20240091218
Lot Size0.14 Acres
StatusActive

About 5232 Chalmers St

Excellent investment opportunity! This well-maintained property features 2 spacious units and strong rental income potential. Located in a prime area near schools, shopping, and transit, it’s perfect for seasoned or first-time investors. Low maintenance and tenant ready Lower unit occupied, tenant paying $900 Potential gross rental income of $1,800 per month. A 17.29% yield! Freshly painted, new carpet and new vinyl flooring.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1941
  • Living Area: 2,100 SqFt

Listing Office:

  • Office Name: Rondo Investment LLC
  • Office Phone: (313) 521-6666
  • Listing Agent: Raphael D Fazzolari, Brian Houghton

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: OneCarGarage

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Hot Water, Natural Gas

Other

Directions Information:

  • Directions: S of Chandler / E of Warren

Price Information

Listing Price Info

Price Summary:

  • List Price: $124,900
  • Price Per SqFt: $59/SqFt

Tax Information:

  • Annual Amount: $702
  • 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

5232 Chalmers St vs Detroit

8 DAYS ON ROCKET

-41 Days

$124,900

+$39.8K More

$59/SqFt

-$9 Less

KEY TAKEAWAY

This property is $39.8K more than the Median Sold Price and $9/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: #20240091218

Listing Office:

  • Office Name: Rondo Investment LLC
  • Office Phone: (313) 521-6666
  • Listing Agent: Raphael D Fazzolari, Brian Houghton

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: 12/17/2024, 11:56:03 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

Aug 29, 2017Home Sold
$30,888
May 08, 2008Home Sold
$13,000

Tax History

YEARPROP. TAXASSESSMENT
2021$702$11,600
2020$1,239$12,400
2018$1,239$10,400
2017$1,166$10,500

History based on county public records data.

Payment Calculator

$691

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

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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-4285530
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 1.25 miles

  • Public District Grades PK-5

school-card-donut-4285531
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 1.26 miles

  • Public Charter Grades KG-5

school-card-donut-4285532
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.53 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,302. 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›48213›5232 Chalmers St

This home is located at 5232 Chalmers St in Detroit, MI and zip code 48213 in the Chandler Park neighborhood. This 2,100 square foot home, which was built in 1941, sits on a 0.14 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since December 09, 2024 and is currently priced at $124,900.

Detroit, MI housing market in November 2024 saw over 94 listings sold above listed price, more than 55 sold at listed price and over 247 sold below. Between October 2024 and November 2024, Detroit, MI real estate market has seen increase in the number of listings by 2%. Listings spent 49 days on the market in November 2024, and had a median list price of $85,016 during the same period.

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

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