9 days on rocket

7069 Elmhurst St, Detroit, MI, 48204

$40,000

Home List Price

$475*

Closing Credit

4 Full Baths
3,416 SqFt
$12/SqFt
Multi

Location

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7069 Elmhurst St, Detroit$40,000

Buyer Closing Credits

$475*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingSixorMoreCarGarage
Garage6 spaces
Year Built1926
HeatingForced Air, Natural Gas
BasementYes
MLS #20240091932
Lot Size0.12 Acres
StatusActive

About 7069 Elmhurst St

Located in a rapidly growing neighborhood, this 4-unit multi-family property offers an incredible potential investment opportunity. Each of the four spacious units features 2 bedrooms, providing ample living space. With over 3,400 square feet, this property boasts plenty of room for both residents and potential for higher rental income as the area continues to develop. This property offers a fantastic opportunity to own a piece of a growing community while benefiting from a strong rental market. Don’t miss out on the chance to add this promising asset to your portfolio! The Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1926
  • Living Area: 3,416 SqFt

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4

Exterior Features

Parking Information:

  • Garage Space: 6 spaces
  • Attached Garage: No
  • Parking: SixorMoreCarGarage

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: W. of Livernois, S. side of Elmhurst

Price Information

Listing Price Info

Price Summary:

  • List Price: $40,000
  • Price Per SqFt: $12/SqFt
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Housing Market Comparison

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

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

7069 Elmhurst St vs Detroit

9 DAYS ON ROCKET

-40 Days

$40,000

-$45K Less

$12/SqFt

-$56 Less

KEY TAKEAWAY

This property is $45K less than the Median Sold Price and $56/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: #20240091932

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

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, 10:21:08 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 - $500

History based on county public records data.

Payment Calculator

$267

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$186

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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-1094132
2
/10
  • Barton Elementary School

  • 8530 Joy Rd

  • 1.29 miles

  • Public District Grades KG-5

school-card-donut-1094133
5
/10
  • McDonald Elementary School

  • 10151 Diversey St

  • 2.14 miles

  • Public District Grades PK-5

school-card-donut-1094134
2
/10
  • Riverside Academy

  • 7124 Miller Rd

  • 2.57 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,344. The majority of Detroit, MI residents have income less than $35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas


Rocket Homes›Michigan›Wayne County›Detroit›48204›7069 Elmhurst St

This home is located at 7069 Elmhurst St in Detroit, MI and zip code 48204 in the Winterhalter neighborhood. This 3,416 square foot home, which was built in 1926, sits on a 0.12 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since December 13, 2024 and is currently priced at $40,000.

In November 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 247 sold below and more than 55 were sold right at the asked price. The number of homes for sale in Detroit, MI increased by 2% between October 2024 and November 2024. 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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