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2- to 4-Unit Multifamily Property
For Sale
$369,999
Pending

7048 Jonathon St, Dearborn, MI 48126

Two- to four-unit configuration on a compact lot in Dearborn’s Hemlock Park area.

Property SizeContact for details
Lot Size0.11 Acres
Days on Market10

Property Features for 7048 Jonathon St

General Information

Standard status Pending
Lot size 0.11 Acres
Property subtype Investment

Taxes and HOA fees

Annual Taxes $6,294

Building Details

Year Built 1941
Buildings 1
Units 2
Listing Agency: Network Realty LLC
Listed By: Nadia Kassim · License #6501409154
Source: Elliman
Added: Aug 12 Changed: Aug 16 Last Checked: Aug 15 at 9:35AM

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 Network Realty LLC

Investment Insights

Based on property information with market context.

Located at 7048 Jonathon St in Dearborn, this multifamily property includes a 2 to 4 unit building situated on a 4,792 square foot lot. Built in 1941, the property offers a compact residential configuration in the Hemlock Park area.

Walk Score is 80, classified as Very Walkable, and Bike Score is 50, classified as Bikeable. The property is offered for sale and is classified for multifamily and residential income use.

Key Highlights

  • 2 to 4 unit building
  • 4,792 square foot lot
  • Built in 1941

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage Gym & Fitness Center Acupuncture HVAC Service Catering Service (Bike/Boat/Book/etc) Store

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

862
Businesses Nearby

Demographics for 48126, MI

55,863
Population
16,919
Households
3.3
Avg Household Size
28
Median Age
24%
College-Educated
74%
High-School Grad
8.4 sq mi
ZIP Area
6,650
Density / Sq Mi
$42,353
Median Household Income
$27,724
Median Earnings
$1,222
Median Rent
$200,600
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?
Multifamily property - Two- to four-unit configuration on a compact lot in Dearborn’s Hemlock Park area.
Where is this multifamily property located?
The property is located at 7048 Jonathon St Dearborn, MI.
What is the asking price?
The asking price for this property is $369,999.
What are key features of this property?
This property features: 2 to 4 unit building; 4,792 square foot lot; Built in 1941
More about this property
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