New Construction Multifamily Investment
1541 Elm St, Detroit, MI 48216
New 4-unit multifamily property in Detroit's growing North Corktown.
Type:Investment
Property size:
4,000 SFLot size:
0.11 AcresPrice / SF:
$250/SF- Added:
- Mar 25, 2026
- Days on Market:
- 59
- Last Refresh:
- Mar 24 at 6:24 am
Property Features for 1541 Elm St
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.11 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 2026
Listing agent Briyana Jordan
Listing office M77 LLC (248) 649-7200
Listing date Mar 25, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of M77 LLC
HighLights
- Newly constructed 4‑unit multifamily property in North Corktown, Detroit.
- Tax exemption in place until 2033.
- Projected gross monthly income of approximately $12,000.
- Each unit features 2 bedrooms, 1 bath, full kitchen with quartz countertops, laundry hookups, and central air.
- Security features include heavy‑duty security doors, smart locks, 24‑hour surveillance, and smart thermostats.
- Includes a rear parking lot with 8 spaces.
Overview
This new construction multifamily property is located in North Corktown, in the heart of Downtown Detroit. The turnkey property features four identical units. Each unit includes two bedrooms, one full bath, a spacious living area, and a full kitchen with quartz countertops. Each unit is equipped with gas, laundry hookups, and central air conditioning, and has a private entry. The property has approximately 4,000 total square feet and was designed for efficient, low-maintenance ownership. Each unit includes heavy-duty security doors, smart locks, and smart thermostats. The property also offers 24-hour surveillance cameras and a rear parking lot with eight spaces. A tax exemption is in place until 2033. The certificate of occupancy was issued March 23, 2026. This property presents an opportunity for local and out-of-state investors seeking a newly constructed, easy-to-manage asset in one of Detroit’s fastest-growing neighborhoods.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0722294
- Latitude
- 42.3389344
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - New 4-unit multifamily property in Detroit's growing North Corktown.
Where is this quadplex located?
The property is located at 1541 Elm St Detroit, MI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Newly constructed 4‑unit multifamily property in North Corktown, Detroit.; Tax exemption in place until 2033.; Projected gross monthly income of approximately $12,000.
