750 Chene St Detroit, MI 48207
- Apartment buildings
- 148,835 SF
Current Use by Public Records
- Nichole's Beauty Studio / Hair Salon
- City Club Apartments Lafayette Park / Apartment Complex
- Serenity Recovery / Addiction Treatment Center
- Detroit City Rescue Mission / Church
- Pure Relaxation Day Spa / Hair Salon / Massage Therapist
Property Details for 750 Chene St
- Year built
- 1973
- Property size
- 148,835 SF
- Property type
- Apartment buildings
- Property subtype
- High-rise multifamily apartments
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0238
- Latitude
- 42.34
