Value-Add Multifamily
For Sale
$325,000
3760 W Chicago, Detroit, MI 48206
Multifamily building configured for 16 units, with newer roof, dry basement, and City-approved stamped plans.
Property Size11,878 SF
Lot Size0.23 Acres
Price / SF$27.37
Days on Market21
Property Features for 3760 W Chicago
General Information
Standard status
Active
Size
11,878 SF
Lot size
0.23 Acres
Property subtype
Investment
Additional Details
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$16,533
Building Details
Building Size
11,878 SF
Year Built
1926
Units
16
Listing Agency:
(248) 496-3300
Listed By:
Michael Heiwig
(248) 496-3300
Source:
Elliman
Added: Jul 21
Changed: Aug 8
Last Checked: Aug 9 at 11:02AM
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 Michael Heiwig
Investment Insights
Based on property information with market context.
This multifamily property totals 11,876 square feet and is configured for 16 residential units. The unit mix includes six 2-bedroom units, seven 1-bedroom units, and three studio apartments, along with dedicated basement maintenance quarters.
Significant improvements have been completed, including a newer roof, a dry basement, and recently scoped sewer lines. The property has been taken down to the studs and includes Detroit City-approved, stamped architectural plans, creating a clear path toward redevelopment and completion. Investors may follow the approved plans or customize the project within their own scope.
WalkScore is 35 (car-dependent) and BikeScore is 54 (bikeable), with a transitScore of 52 (good transit), supporting a mix of commuting options for future tenants.
Significant improvements have been completed, including a newer roof, a dry basement, and recently scoped sewer lines. The property has been taken down to the studs and includes Detroit City-approved, stamped architectural plans, creating a clear path toward redevelopment and completion. Investors may follow the approved plans or customize the project within their own scope.
WalkScore is 35 (car-dependent) and BikeScore is 54 (bikeable), with a transitScore of 52 (good transit), supporting a mix of commuting options for future tenants.
Key Highlights
- 11,876 sq. ft. multifamily building on a 0.23‑acre lot, configured for 16 residential units
- Unit mix includes six 2‑bedroom units, seven 1‑bedroom units, and three studio apartments
- Detroit City‑approved, stamped architectural plans included for redevelopment and completion
Property Analytics
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily building configured for 16 units, with newer roof, dry basement, and City-approved stamped plans.
Where is this apartment building located?
The property is located at 3760 W Chicago Detroit, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 11,876 sq. ft. multifamily building on a 0.23‑acre lot, configured for 16 residential units; Unit mix includes six 2‑bedroom units, seven 1‑bedroom units, and three studio apartments; Detroit City‑approved, stamped architectural plans included for redevelopment and completion
