Chandler Park Multifamily Investment

14440 Frankfort St, Detroit, MI 48224

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For Sale

$800,000

32-unit apartment building with value-add potential in Chandler Park.

Type:Investment

Property size:

32,934 SF

Price / SF:

$24/SF

HighLights

Strong value‑add potential in the growing Chandler Park area
Recent after‑repair value appraisal at $1.9 million
Major capital improvements completed in 2021: new windows, roof, siding, plumbing, and electrical updates
Includes 12 newly renovated kitchens, reducing immediate renovation costs
Unit mix of 20 one‑bedroom and 12 two‑bedroom units (32 total)
Excellent 1031 exchange opportunity

We can help!

Listing Contact

Jiryes Jarrous

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For Sale

$800,000

32-unit apartment building with value-add potential in Chandler Park.

Type:Investment

Property size:

32,934 SF

Price / SF:

$24/SF

Added:: Apr 22, 2026
Days on Market:: 52
Last Refresh:: Apr 22 at 7:09 pm

Property Features for 14440 Frankfort St

General Information

Standard status: Active
Size: 32,934 SF
Property subtype: Investment

Building Details

Year Built: 1958

We can help!

Listing Contact

Jiryes Jarrous

Listing agent Jiryes Jarrous

Listing office Real Broker LLC

Listing date Apr 22, 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 Real Broker LLC

HighLights

Strong value‑add potential in the growing Chandler Park area
Recent after‑repair value appraisal at $1.9 million
Major capital improvements completed in 2021: new windows, roof, siding, plumbing, and electrical updates
Includes 12 newly renovated kitchens, reducing immediate renovation costs
Unit mix of 20 one‑bedroom and 12 two‑bedroom units (32 total)
Excellent 1031 exchange opportunity

Overview

This 32-unit apartment building is located in Chandler Park and offers value-add potential. The property encompasses a total of 32,934 square feet, featuring a unit mix of 20 one-bedroom units and 12 two-bedroom units. Significant capital improvements were completed in 2021, including new windows, a new roof, new siding, and plumbing and electrical updates. The sale includes 12 newly renovated kitchens, reducing upfront renovation work. A recent after-repair value appraisal comes in at 1.9 million. This property presents a 1031 exchange opportunity with upside potential for investors looking to expand or reposition a multifamily asset in a growing area. The location has a bike score of 67, indicating it is bikeable, a walk score of 60, indicating it is somewhat walkable, and a transit score of 42, indicating some transit options are available.

Location Intelligence

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Local Demand

City: Detroit
County: Wayne
State: Michigan
Longitude: -82.959234
Latitude: 42.3969319

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For sale
Apartment buildings
MI
Detroit
48224
14440 Frankfort St

What type of property is this?

Apartment building - 32-unit apartment building with value-add potential in Chandler Park.

Where is this apartment building located?

The property is located at 14440 Frankfort St Detroit, MI.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: Strong value‑add potential in the growing Chandler Park area; Recent after‑repair value appraisal at $1.9 million; Major capital improvements completed in 2021: new windows, roof, siding, plumbing, and electrical updates