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    5124 W Chicago St, Unit 1 Detroit, MI 48204

    For Lease
    $1,200 /Mo ($14 SF/Yr)

    Spacious, renovated apartment with modern amenities in a prime location.

    Property size:
    995 SF
    Lot size:
    995 SF

    Property Features for 5124 W Chicago St

    General Information

    Size
    995 SF

    Building Details

    Year built
    1925

    Source: KW Metro Agent Candus Rucker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Apartment in Nardin Park

    This renovated apartment is located in the Nardin Park community. The spacious unit includes two bedrooms with closet space and large windows providing natural light. The living room features a fireplace and mantel that flows into the dining area. The kitchen is equipped with cabinetry and counter space. Comfort is ensured with central heating and air conditioning, plus an in-unit energy-efficient washer and dryer. A hallway features an exposed brick wall. Additional storage is available in the lower-level basement. The building has an outdoor security camera system and well-lit exterior. Parking is available in the front and rear of the building. A park is located directly across the street. The property is located minutes from downtown Detroit, Henry Ford Hospital, grocery stores, and public transit. The property size is 995 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.168255
    Latitude
    42.366225

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    FAQs

    What type of property is this?
    Apartment building - Spacious, renovated apartment with modern amenities in a prime location.
    Where is this apartment building located?
    The property is located at 5124 W Chicago St, Unit 1 Detroit, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in desirable Nardin Park, directly across from a park and minutes from downtown Detroit, Henry Ford Hospital, grocery stores, and public transit.; - **Completely renovated apartment with spacious layout, including two generously sized bedrooms with ample closet space and large windows.**; - Chef's kitchen with abundant cabinetry and counter space.
    (214) 489-7995
    Request Owner's contact information
    5124 W Chicago St, Unit 1 Detroit, MI 48204
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    Detroit, MI 48204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5124 W Chicago St, Unit 1 Detroit, MI 48204
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