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Two-Unit Duplex with Finished Basement
For Sale
$264,900
Pending

24647 Dunning St, Dearborn, MI 48124

Well-maintained two-story duplex featuring updated systems, copper plumbing, and a fully finished basement for expanded living or storage.

Property SizeContact for details
Days on Market54

Property Features for 24647 Dunning St

General Information

Standard status Pending
Property subtype Investment

Additional Details

Highway Access Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,363

Building Details

Year Built 1925
Stories 2
Units 2
Listing Agency: America's Best Choice Realty
Listed By: Hany Barakat
Source: Elliman
Added: Jun 17 Changed: Aug 8 Last Checked: Aug 9 at 7:21AM

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 America's Best Choice Realty

Investment Insights

Based on property information with market context.

This two-story, two-unit duplex is built with a solid structure and features a deep front porch. The property has been well maintained and includes several meaningful upgrades, including a newer roof, updated electrical, and copper plumbing. Interior finishes include plaster with sound-dampening qualities between units and solid oak floors. A fully finished basement adds additional usable space, whether for tenant needs, storage, or flexible living arrangements.

The second unit offers its own private entrance and an above-grade feel supported by large windows. Inside, it includes a separate living room, bedroom, dining room, and kitchenette, creating a self-contained layout that can support a variety of living or in-law arrangements. The home is located on a quiet west Dearborn street, one block from a city park, and within walking distance of a school.

For owner-occupants or investors, the duplex configuration supports multiple living styles while keeping day-to-day management straightforward. The combination of upgraded mechanicals and a finished basement can help reduce near-term concerns for the next steward of the property.

Key Highlights

  • 1925 two‑story duplex in Dearborn with $2,800/month rent potential
  • Updated roof, updated electrical, and copper plumbing
  • Fully finished basement provides additional living space or storage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Food Market Electrical Service

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

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

610
Businesses Nearby

Demographics for 48124, MI

34,134
Population
14,787
Households
2.3
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
8.8 sq mi
ZIP Area
3,879
Density / Sq Mi
$78,353
Median Household Income
$49,103
Median Earnings
$1,280
Median Rent
$192,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Well-maintained two-story duplex featuring updated systems, copper plumbing, and a fully finished basement for expanded living or storage.
Where is this duplex located?
The property is located at 24647 Dunning St Dearborn, MI.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: 1925 two‑story duplex in Dearborn with $2,800/month rent potential; Updated roof, updated electrical, and copper plumbing; Fully finished basement provides additional living space or storage
More about this property
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