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Hot
Street View
$899,000
Monthly Est:$4,475
-- Bed
4 Baths4 full baths
3,980sqft
1541 Elm St, Detroit, MI 48216
$899,000
$4,475/moEst:
Get Pre-Approved
Multi Family
Built in 2026
$-- HOA
0.11 acre lot
$226/sq.ft
Description
*** LAND CONTRACT TERMS AVAILABLE WITH 0% INTEREST!!! *** Exceptional NEW CONSTRUCTION. 4 BEDROOM 2 Bathrooms UNITS, 2-Unit Multifamily with Option to Convert to 4-Unit Multifamily EASILY! Investment Opportunity in North Corktown! Located in the Heart of Downtown Detroit, This turnkey multi-family property features 2 identical units, each offering 4 Bedrooms, 4 Full Baths, spacious living area, full kitchen with quartz countertops, gas, laundry hookups, central air conditioning, and private entry. With approximately 3,980 total sq ft, this newly built asset was designed for efficient, low-maintenance ownership. Each unit includes heavy-duty security doors, smart locks, and smart thermostats, while the property also offers 24-hour surveillance cameras and a rear parking lot with 8 spaces. Fast Growing Area for Developments with 7-unit apartment building being built right across the street. Tax Exemption in place until 2033. Projected gross monthly income of approximately $8,000. Rare opportunity for local and out-of-state investors seeking a newly constructed, easy-to-manage asset in one of Detroit’s fastest-growing neighborhoods.
- Houzeo last checked: 2 hours ago
- Listing updated: October 9, 2026 at 1:02 pm
- Listing Provided by: Briyana Jordan (616) 469-7164 | Keller Williams Paint Creek (248) 609-8000
- Source: Realcomp MLS-MI | MLS#: 20261016823
- Originating MLS: Realcomp II Ltd
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
2026
HOA Fees
-
Finished Area
3,980 sqft
Lot Size
0.11 acre lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
20261016823
MLS Status
Active
Days on Market
226
Cumulative Days on Market
49
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathrooms: 4
Interior
Interior Features
Dual Flush Toilets, Energystar Qualified Doors, Energystar Qualified Light Fixtures, High Speed Internet, Programmable Thermostat
Heating
Forced Air, Natural Gas
Cooling
Central Air
Sewer
Public Sewer
Window Features
Energy Star Qualified Windows
Construction
Year Built
Year Built: 2026
Home type
Multi Family
Architectural Style
Other
Foundation Details
Crawl Space
Roof
Asphalt
Construction Materials
Aluminum Siding, Vinyl Siding
Utilities & Energy
Laundry Features
In Unit
Parking Features
Parking Lot
Water Source
Public
Pool Features
None
Utilities
Above Ground Utilities, Cable Available
Other Features
Patio And Porch Features
Covered, Porch
Disclosures
Projected Income, Taxes Not Homestead Exempt
Subdivision Name
Mc Keowns Sub
Price History
| Date | Event | Price |
|---|---|---|
10/09/2026 Source: | Off Market | $899,000 $226/sqft |
10/09/2026 Source: | Listed for Sale | $899,000 $226/sqft |
09/04/2026 Source: | Contingent (Active Under Contract) | $899,000 $226/sqft |
09/04/2026 Source: | Pending | $899,000 $226/sqft |
03/24/2026 Source: | Price Decreased | $899,000 -10.10% $226/sqft |
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Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Oct 29, 2026, 02:15PM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. © 2024 Realcomp II Ltd. MLS. All Rights Reserved.
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