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Pending
    • $899,000

    1541 Elm St, Detroit, MI 48216

    8beds
    3,980sqft
    : 
    $8,165/mo
    Get pre-qualified
    Multi Family
    Built in 2026
    -- sqft lot
    $853,800 Zestimate®
    $226/sqft
    $-- HOA

    What's special

    *** LAND CONTRACT TERMS AVAILABLE WITH 0% INTEREST!!! *** Exceptional NEW CONSTRUCTION. 2 BEDROOM 1Bathroom UNITS, 4-Unit Multifamily investment opportunity in North Corktown! Located in the Heart of Downtown Detroit, This turnkey multi-family property features 4 identical units, each offering 2 Bedrooms, 1 Full Bath, spacious living area, full kitchen with quartz countertops, gas, laundry hookups, central air conditioning, and private entry. With approximately 3,600 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.
    73 days
    48
    1

    Zillow last checked:

    Listing updated:

    Listed by:

    Briyana Jordan 616-469-7164,

    Keller Williams Paint Creek 248-609-8000

    Source: Realcomp II,MLS#: 20261016823MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Laundry: In Unit
      Features
      • Dual Flush Toilets, ENERGYSTAR Qualified Doors, ENERGYSTAR Qualified Light Fixtures, High Speed Internet, Programmable Thermostat
      • Windows: Energy Star Qualified Windows
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total interior livable area: 3,980 sqft
      • Finished area above ground: 3,980

      Property

      Parking
      • Total spaces: 8
      • Parking features: Parking Lot
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Porch
      • Pool features: None
      Lot
      • Size: 4,791 Square Feet
      • Dimensions: 40 x 115
      Details
      • Parcel number: W08I000759S
      • Zoning description: MultiFamily, Residential
      • Special conditions: Short Sale No,Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Aluminum Siding, Vinyl Siding
      • Foundation: Crawl Space
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 2026

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Above Ground Utilities, Cable Available

      Community & HOA

      Community
      • Subdivision: MC KEOWNS SUB
      Location
      • Region: Detroit

      Financial & listing details

      • Price per square foot: $226/sqft
      • Tax assessed value: $515
      • Annual tax amount: $38
      • Date on market: 3/23/2026
      • Cumulative days on market: 73 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Contract,Conventional,FHA

        Estimated market value

        $853,800

        $811,000 - $896,000

        $2,475/mo

        Price history

        DateEventPrice
        9/4/2026Pending sale$899,000$226/sqft
        Source: Realcomp II #20261019971 Report a problem
        9/4/2026Contingent$899,000$226/sqft
        Source: Realcomp II #20261019971 Report a problem
        8/30/2026Pending sale$899,000$226/sqft
        Source: Realcomp II #20261016823 Report a problem
        8/30/2026Listed for sale$899,000$226/sqft
        Source: Realcomp II #20261016823 Report a problem
        8/30/2026Pending sale$899,000$226/sqft
        Source: Realcomp II #20261019971 Report a problem
        7/30/2026Listed for sale$899,000$226/sqft
        Source: Realcomp II #20261019971 Report a problem
        5/12/2026Listing removed$899,000$226/sqft
        Source: Realcomp II #20261016823 Report a problem
        3/24/2026Listed for sale$899,000$226/sqft
        Source: Realcomp II #20261016823 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $500
        2024-- --
        2023-- --
        2022-- --
        2021-- --
        2020-- --
        2019-- --
        2018-- $400 -20%
        2017-- $500 -77.3%
        2016$26 $2,200 +1000%
        2015$26 -22.4%$200 -41.3%
        2013$34 +28.9%$341 -12.1%
        2010$26 $388
        2009-- $388
        2008-- $388
        2007-- $388 +5.4%
        2005$4 $368 +3.1%
        2004-- $357
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Briggs

        Getting around

        76 / 100
        Very Walkable
        59 / 100
        Good Transit
        89 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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