**Prime Investment Opportunity!** Seize the chance to own this income-generating property located at 15240 Promenade, Detroit, MI 48224. Currently yielding $1,000 per month rental income. **Potential for Appreciation:** Located in an area with ongoing development and revitalization projects that can boost property value. - **Easy Access:** Proximity to major highways and public transit options ensures easy commutes. Don’t miss out on this exceptional investment property that blends steady income with potential growth in a prime Detroit location. All information provided are estimates.
Sold for $50,000
$50,000
15240 Promenade St, Detroit, MI 48224
3beds
1,522sqft
Single Family Residence
Built in 1941
3,920 Square Feet Lot
$50,100 Zestimate®
$33/sqft
$1,469 Estimated rent
Home value
$50,100
$37,000 - $67,000
$1,469/mo
Zestimate® history
Owner options
List your home for rent
$1,469/mo
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$1,469/mo
Rent Zestimate®
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$288/mo
Est. payment
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$288/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Ali Karkaba 313-277-7777,
RE/MAX Leading Edge
Bought with:
Amanda Rechsteiner, 6501440547
KW Realty Livingston
Source: Realcomp II,MLS#: 20240052140
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air, Natural Gas
Features
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,522 sqft
- Finished area above ground: 1,522
Property
Parking
- Total spaces: 1
- Parking features: One Car Garage, Detached
- Garage spaces: 1
Features
- Levels: One and One Half
- Stories: 1.5
- Entry location: GroundLevel
- Pool features: None
Lot
- Size: 3,920 Square Feet
- Dimensions: 35.00 x 111.00
Details
- Parcel number: W21I008717S
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Basement, Block
Condition
- New construction: No
- Year built: 1941
Utilities & green energy
- Sewer: Public Sewer, Sewer At Street
- Water: Public, Waterat Street
Community & HOA
Community
- Subdivision: PARK MANOR DEVELOPMENT COS PARK DRIVE SUB (PLATS)
HOA
- Has HOA: No
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $33/sqft
- Tax assessed value: $9,972
- Annual tax amount: $1,102
- Date on market: 7/19/2024
- Cumulative days on market: 17 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
- Exclusions: Exclusion(s) Do Not Exist
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2025 | Listing removed | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/6/2025 | Listed for rent | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/29/2025 | Listing removed | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/29/2025 | Price change | $1,250+8.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/23/2024 | Sold | $50,000-9.1%$33/sqft |
Source:  Realcomp II #20240052140 Report a problem | ||
| 8/21/2024 | Pending sale | $55,000$36/sqft |
Source: Realcomp II #20240052140 Report a problem | ||
| 7/19/2024 | Listed for sale | $55,000-8.2%$36/sqft |
Source: Realcomp II #20240052140 Report a problem | ||
| 12/13/2023 | Listing removed | -- |
Source: Realcomp II #20230041616 Report a problem | ||
| 12/11/2023 | Listed for sale | $59,900$39/sqft |
Source: Realcomp II #20230041616 Report a problem | ||
| 7/11/2023 | Listing removed | -- |
Source: Realcomp II #20230041616 Report a problem | ||
| 5/26/2023 | Listed for sale | $59,900+13%$39/sqft |
Source: Realcomp II #20230041616 Report a problem | ||
| 3/14/2023 | Listing removed | -- |
Source: Realcomp II #20221041522 Report a problem | ||
| 11/30/2022 | Listed for rent | $1,150$1/sqft |
Source: Zillow Rental Network_1 Report a problem | ||
| 11/19/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 11/15/2022 | Listed for sale | $52,999$35/sqft |
Source: Realcomp II #20221041522 Report a problem | ||
| 10/11/2022 | Listing removed | -- |
Source: Realcomp II #20221041522 Report a problem | ||
| 9/13/2022 | Listed for sale | $52,999-13.1%$35/sqft |
Source: Realcomp II #20221041522 Report a problem | ||
| 9/7/2022 | Listing removed | -- |
Source: Realcomp II #2220034319 Report a problem | ||
| 8/31/2022 | Listed for rent | $1,150$1/sqft |
Source: Zillow Rental Network_1 Report a problem | ||
| 7/28/2022 | Price change | $61,000-12.9%$40/sqft |
Source: Realcomp II #2220034319 Report a problem | ||
| 5/11/2022 | Listed for sale | $70,000+1020%$46/sqft |
Source: Realcomp II #2220034319 Report a problem | ||
| 11/20/2014 | Listing removed | $6,250$4/sqft |
Source: Keller Williams Plymouth #214012638 Report a problem | ||
| 2/13/2014 | Listed for sale | $6,250+52.4%$4/sqft |
Source: Keller Williams Rlty-Plym Market Center #214012638 Report a problem | ||
| 6/23/2009 | Sold | $4,100-95.3%$3/sqft |
Source: Public Record Report a problem | ||
| 6/6/2008 | Sold | $87,247+9.1%$57/sqft |
Source: Public Record Report a problem | ||
| 2/1/2005 | Sold | $80,000+128.6%$53/sqft |
Source: Public Record Report a problem | ||
| 3/31/2004 | Sold | $35,000-33.2%$23/sqft |
Source: Public Record Report a problem | ||
| 5/7/2003 | Sold | $52,409$34/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $18,500 +27.6% |
| 2024 | -- | $14,500 +7.4% |
| 2023 | -- | $13,500 +22.7% |
| 2022 | -- | $11,000 +8.9% |
| 2021 | -- | $10,100 |
| 2020 | $1,521 +91.7% | $10,100 +13.5% |
| 2019 | $793 | $8,900 +9.9% |
| 2018 | $793 | $8,100 -8% |
| 2017 | -- | $8,800 -13.7% |
| 2016 | $1,310 | $10,200 |
| 2015 | $1,310 -7.9% | $10,200 -28.3% |
| 2013 | $1,422 +8.6% | $14,217 -31.8% |
| 2010 | $1,310 | $20,843 -12% |
| 2009 | -- | $23,685 -13.5% |
| 2008 | -- | $27,381 |
| 2007 | -- | $27,381 +5.5% |
| 2005 | $317 | $25,954 +3% |
| 2004 | -- | $25,198 +152.4% |
| 2001 | $831 +10.1% | $9,982 +3.2% |
| 2000 | $755 | $9,673 |
Find assessor info on the county website
Neighborhood: Outer Drive-Hayes
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Nearby schools
GreatSchools rating
- 3/10Wayne Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Edward 'Duke' Ellington @ BeckhamGrades: PK-8Distance: 0.9 mi
- 4/10Denby High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$50,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$50,100
- Michigan
- Wayne County
- Detroit
- 48224
- Outer Drive-Hayes
- 15240 Promenade St
Nearby cities
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