For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

1541 Elm St Detroit, MI 48216

View on Map
Loading data...
Loading data...
Loading data...
For Sale
$1,000,000

New 4-unit multifamily property in Detroit's growing North Corktown.

Type:Investment
Property size:
4,000 SF
Lot size:
0.11 Acres
Added:
Mar 25, 2026
Days on Market:
9
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

We can help!

Listing Contact
Briyana Jordan

Listing agent Briyana Jordan

Listing office M77 LLC

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


Overview

New Construction Multifamily Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.0722294
Latitude
42.3389344

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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message