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    750 Chene St Detroit, MI 48207

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    For Sale
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    202 Units, Stunning City Views, Value-Add Opportunity

    Property size:
    148,835 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This twelve-story, 202-unit Class A apartment building, located at 750 Chene St, Detroit, MI 48207, offers a compelling value-add investment opportunity. Built in 1973 and extensively renovated in 2021, the property boasts 148,835 square feet of living space and 172 parking spaces. Residents enjoy resort-class amenities, including a 24/7 concierge, gated parking, and a range of social programming. The apartments feature brand-new, luxurious interiors with stainless steel and white finishes, custom designer touches, green-certified technology, balconies, and oversized windows offering panoramic views of the Detroit and Windsor skylines, Belle Isle, Grosse Pointe, and Lake St. Clair. Its prime location, just a mile north of Downtown Detroit, provides easy access to the riverfront, parks, Eastern Market, Midtown, The Aretha, medical centers, and cultural attractions. The property's high-rise design and upscale amenities cater to a desirable demographic, presenting a strong potential for rental income and appreciation. The fee-simple ownership structure provides complete control and flexibility for the investor. This is a rare opportunity to acquire a well-positioned, high-quality multifamily asset in a thriving urban market. The property's APN is 23031900.46N.

    Property Features for 750 Chene St

    General Information

    Property type
    Multifamily properties
    Square Feet
    148,835 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1973/2021
    Stories
    12
    Units
    202

    HighLights

    • Prime location: Walkable to Riverfront, parks, Downtown, Eastern Market, Midtown, The Aretha, medical centers, and cultural attractions.
    • Stunning city views: Panoramic views of the Detroit & Windsor skylines, Belle Isle, Grosse Pointe, and Lake St. Clair.
    • Luxury at an attainable price: Brand‑new apartments and penthouses with resort‑style amenities and smart technology.
    • Unparalleled security: 24/7 concierge, private gated parking, and convenient services.
    • Upscale interiors: Penthouse units and apartments feature stainless steel and white finishes, designer touches, green technology, balconies, and oversized windows.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nichole's Beauty Studio Hair Salon City Club Apartments ... Apartment Complex Serenity Recovery Addiction Treatment Center Detroit City Rescue ... Church Pure Relaxation Day ... Day Spa

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.023798897048
    Latitude
    42.340023996892

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    FAQs

    What type of property is this?
    Multifamily property - 202 Units, Stunning City Views, Value-Add Opportunity
    Where is this multifamily property located?
    The property is located at 750 Chene St Detroit, MI.
    What are key features of this property?
    This property features: Prime location: Walkable to Riverfront, parks, Downtown, Eastern Market, Midtown, The Aretha, medical centers, and cultural attractions.; Stunning city views: Panoramic views of the Detroit & Windsor skylines, Belle Isle, Grosse Pointe, and Lake St. Clair.; Luxury at an attainable price: Brand-new apartments and penthouses with resort-style amenities and smart technology.
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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
    750 Chene St Detroit, MI 48207
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