Search
5–6 Unit Victorian Apartment Building
For Sale
Contact for pricing
Pending

241 Chandler St, Detroit, MI 48202

Three-story multifamily property at the renovation stage, offering a blank interior for a new residential layout.

Property SizeContact for details
Lot Size0.14 Acres
Days on Market149

Property Features for 241 Chandler St

General Information

Standard status Pending
Lot size 0.14 Acres
Property subtype Multifamily

Property Condition

Severity Major Repairs Needed
Evidence gutted

Building Details

Buildings 1
Stories 3
Construction Victorian
Listing Agency: Summit Commercial LLC
Listed By: Jason Gage · License #6504376893
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Sep 2 at 11:14AM

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 Summit Commercial LLC

Investment Insights

Based on property information with market context.

Located at 241 Chandler St in Detroit, this Victorian apartment property offers three full floors and a residential redevelopment framework. The interior has been gutted, creating a clear starting point for design and construction rather than requiring removal of existing layouts or finishes.

The parcel measures 50 x 125 and is identified within the Lower North End NEZ. The planned configuration supports 5 to 6 apartment units, subject to final design and applicable approvals.

Key Highlights

  • Three‑story Victorian apartment building at 241 Chandler St, Detroit, MI 48202
  • Gutted interior provides a clean starting point for redevelopment
  • Potential configuration of 5 to 6 apartment units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Nail Salon Hair Salon Auto Parts Store Kitchen & Bath Showroom Grocery & Convenience Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,155
Businesses Nearby

Demographics for 48202, MI

17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Three-story multifamily property at the renovation stage, offering a blank interior for a new residential layout.
Where is this apartment building located?
The property is located at 241 Chandler St Detroit, MI.
What are key features of this property?
This property features: Three‑story Victorian apartment building at 241 Chandler St, Detroit, MI 48202; Gutted interior provides a clean starting point for redevelopment; Potential configuration of 5 to 6 apartment units
(248) 619-4948 Call to check price and availability
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