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Brick Multifamily Property
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4021 Elmhurst St, Detroit, MI 48204

Brick construction, R2 zoning, and full-rehab condition define this residential property.

Property Size2,414 SF
Price / SF$8.29
Days on Market361

Property Features for 4021 Elmhurst St

General Information

Standard status Active
Size 2,414 SF
Property subtype Multi-Family
Zoning R2

Property Condition

Severity Major Repairs Needed
Evidence needs full rehab

Building Details

Year Built 1925
Construction brick
Listing Agency: RCH Brokerage Legacy Inc
Listed By: Leonard A Pickett III · License #6501306589
Source: Vmrealestatemichigan
Added: Oct 1, 2025 Changed: Sep 2 Last Checked: Sep 26 at 7:13AM

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 RCH Brokerage Legacy Inc

Investment Insights

Based on property information with market context.

This brick multifamily property was built in 1925 and contains 2,414 square feet. The structure requires full rehabilitation, with R2 zoning supporting its existing residential classification. The property is located at 4021 Elmhurst St in Detroit’s Nardin Park neighborhood, within ZIP code 48204.

A purchase proposal must include a detailed rehabilitation plan and financing documentation, such as proof of funds or pre-approval for a new-construction loan. The Detroit Land Bank Authority is entitled to a tax capture for the five tax years after ownership transfer. That tax capture may affect eligibility for otherwise available tax abatements, and requests to waive the capture may require a payment in lieu of taxes.

Key Highlights

  • 2,414‑square‑foot multifamily property
  • Brick building constructed in 1925
  • R2 zoning

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply

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

364
Businesses Nearby

Demographics for 48204, MI

21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Multifamily property - Brick construction, R2 zoning, and full-rehab condition define this residential property.
Where is this multifamily property located?
The property is located at 4021 Elmhurst St Detroit, MI.
What are key features of this property?
This property features: 2,414‑square‑foot multifamily property; Brick building constructed in 1925; R2 zoning
More about this property
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