1541 Elm Street Detroit, MI 48216
- Added:
- Mar 23, 2026
- Days on Market:
- 46
- Last Refresh:
- May 7 at 2:06 pm
Property Features for 1541 Elm Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- Multi-Family,Residential
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 8, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 7
- Parking
- 8
- Pets allowed
- Dogs OK, Cats OK
- Interior features
- Cable Available, Dual-Flush Toilet(s), ENERGY STAR(R) Qualified Door(s), ENERGY STAR(R) Qualified Light Fixture(s), ENERGY STAR(R) Qualified Window(s), High Spd Internet Avail, Laundry Facility, Programmable Thermostat
- Standard status
- Active
- APN
- W08I000759S
- Size
- 3,600 SF
Taxes and HOA fees
- Tax Description
- PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2028. S ELM 92 MC KEOWNS SUB L3 P50 PLATS, W C R 8/43 40 X 115
- Tax Annual Amount
- 38
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Aluminum, Vinyl
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Briyana Jordan License #6501427277 (248) 649-7200
Listing office Keller Williams Paint Creek 440 S Main Street, Troy, MI (248) 609-8000
Listing date Mar 23, 2026
MLS# 20261016823
Listing URL
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Land contract terms available with 0% interest
- Newly constructed 4‑unit multifamily property in North Corktown
- Tax exemption in place until 2033
- Projected gross monthly income of approximately $12,000
- Each unit includes 2 bedrooms, 1 bath, full kitchen with quartz countertops, laundry hookups, and private entry
- Security features: heavy‑duty security doors, smart locks, smart thermostats, and 24‑hour surveillance cameras
Overview
New Multifamily Investment Opportunity
This multifamily property in Detroit's North Corktown presents a new construction investment opportunity. The turnkey property features four identical units, each with two bedrooms, one full bath, a spacious living area, a full kitchen with quartz countertops, gas, laundry hookups, and central air conditioning. Each unit also has a private entry. The building has approximately 3,600 total square feet. 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. Located in the heart of Downtown Detroit, the property is situated in a fast-growing area with new developments. A seven-unit apartment building is under construction across the street. The property has a tax exemption in place until 2033. The projected gross monthly income is approximately $12,000. This is an opportunity for local and out-of-state investors seeking a newly constructed, easy-to-manage asset.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.072219
- Latitude
- 42.338952
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - New construction multifamily property in Detroit's growing North Corktown.
Where is this quadplex located?
The property is located at 1541 Elm Street Detroit, MI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Land contract terms available with 0% interest; Newly constructed 4‑unit multifamily property in North Corktown; Tax exemption in place until 2033
