Home For Sale In Detroit, Michigan

house for sale

Listed: 06/17/24

2245-2247 W Grand St, Detroit, Michigan, 48238

9 Bed:

3 Bath:

2,000 Sq Ft Living Area:

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Price

$ 159,900

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About This House

Multi-family Duplex with Bonus House and Adjoining Lot in Prime Detroit Location! Discover this exceptional investment opportunity in a desirable Detroit neighborhood. This property features a well-maintained duplex offering spacious units, perfect for rental income. Additionally, there's a separate house in the back, providing extra rental potential or a private owners residence. Included is an adjoining lot, ideal for future development or expansion. Situated in a thriving area with strong demand, this is a rare chance to secure a high-yield asset. Invest now for reliable cash flow and long-term appreciation. Dont miss out!

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Houses for sale in Detroit

Original listing

Detroit Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
May 2024	$116,903 (+46.8%)
Apr 2024	$79,613 (0%)
Mar 2024	$79,613 (0%)
Feb 2024	$79,613 (0%)
Jan 2024	$79,613 (+0.2%)
Dec 2023	$79,486 (-31.7%)

In May 2024, the asking price for 2 bed houses for sale in/near Detroit, United States averaged $116,903, an increase of 46.8% from the previous month.

Median price trends for properties for sale in Detroit, United States as of May 2024.

Household Income

Median household income: $31,283

Number of households: 266,333

The average household income in Detroit, MI grew from $30,344 to $31,283 in the past year. This data is an estimate based upon 266,333 households in Detroit, MI.
The chart below presents how household income is distributed in Detroit, MI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Detroit, MI compared to median property taxes around the country. The prevalent amount of property taxes in Detroit, MI equals $800-$1,500 , which is less than the national average.

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