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For sale
    • $229,500

    242 E Palmer St APT 4, Detroit, MI 48202

    2beds
    944sqft
    : 
    $2,355/mo
    Get pre-qualified
    Condominium
    Built in 1920
    -- sqft lot
    $225,300 Zestimate®
    $243/sqft
    $350/mo HOA

    What's special

    Located in Detroit’s historic Art Center neighborhood, this residence offers the kind of character and walkability that continue to make this area one of Midtown’s most desirable pockets. Just steps from the Detroit Institute of Arts, College for Creative Studies, Wayne State University, the Detroit Medical Center, cafes, restaurants, and the QLINE, the location places some of the city’s best cultural and everyday destinations within easy reach. Set within a classic brick building surrounded by historic architecture, the unit blends original detail with practical modern updates. Rich wood trim, built-in millwork, hardwood floors, and a striking coffered ceiling give the main living space warmth and personality rarely found in newer construction. Large bay windows bring in great natural light and overlook the neighborhood’s tree-lined streets and historic homes. The single-level layout offers comfortable, well-connected living spaces. The living room feels open yet inviting, while the kitchen features stone countertops, farmhouse style sink, tile flooring, generous cabinet space, and direct access to a private outdoor deck—an uncommon feature in Midtown condo living and a great extension of the space during warmer months. Additional features include in-unit laundry, dedicated storage, and one detached garage parking space included with the unit. Art Center is known for its mix of historic buildings, cultural institutions, and residential streets that feel connected to the energy of Midtown without being directly in the middle of it. A rare opportunity to own a residence with authentic architectural character in one of Detroit’s most established neighborhoods.
    21 days
    305
    27

    Zillow last checked:

    Listing updated:

    Listed by:

    Jerome Huez 313-693-3741,

    Berkshire Hathaway HomeServices The Loft Warehouse 313-658-6400

    Source: Realcomp II,MLS#: 20261062453MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Primary bedroom
      • Level: Entry
      • Area: 143
      • Dimensions: 11 X 13
      Bedroom
      • Level: Entry
      • Area: 132
      • Dimensions: 11 X 12
      Other
      • Level: Entry
      Kitchen
      • Level: Entry
      • Area: 104
      • Dimensions: 8 X 13
      Living room
      • Level: Entry
      • Area: 195
      • Dimensions: 15 X 13
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Built In Electric Oven, Dishwasher, Disposal, Free Standing Electric Range, Free Standing Refrigerator, Stainless Steel Appliances, Washer Dryer Stacked
      Features
      • High Speed Internet
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total interior livable area: 944 sqft
      • Finished area above ground: 944

      Property

      Parking
      • Total spaces: 1
      • Parking features: One Car Garage, Detached
      • Garage spaces: 1
      Features
      • Levels: One
      • Stories: 1
      • Entry location: MidLevelwSteps
      • Patio & porch: Covered, Porch
      • Exterior features: Balcony, Lighting
      • Pool features: None
      • Fencing: Fenced
      Details
      • Parcel number: W01I001534S004
      • Special conditions: Short Sale No,Standard

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Historic
      • Property subtype: Condominium
      Materials
      • Brick
      • Foundation: Brick Mortar, Slab
      • Roof: Other
      Condition
      • New construction: No
      • Year built: 1920

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available

      Community & HOA

      Community
      • Features: Sidewalks
      • Subdivision: WAYNE COUNTY CONDO PLAN NO 888 (LANCASTER LOFTS)
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds, Maintenance Structure, Snow Removal, Trash, Water
      • HOA fee: $350 monthly
      Location
      • Region: Detroit

      Financial & listing details

      • Price per square foot: $243/sqft
      • Tax assessed value: $54,149
      • Annual tax amount: $286
      • Date on market: 8/10/2026
      • Cumulative days on market: 22 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,FHA,Warranty Deed
      • Exclusions: Exclusion(s) Do Not Exist

        Estimated market value

        $225,300

        $214,000 - $237,000

        $1,973/mo

        Price history

        DateEventPrice
        8/10/2026Price change$229,500+5.5%$243/sqft
        Source: Realcomp II #20261062453 Report a problem
        3/11/2023Listing removed--
        Source: Zillow Rentals Report a problem
        2/11/2023Listed for rent$1,550$2/sqft
        Source: Zillow Rentals Report a problem
        2/10/2023Listing removed--
        Source: Zillow Rentals Report a problem
        1/13/2023Price change$1,550-3.1%$2/sqft
        Source: Zillow Rentals Report a problem
        10/4/2022Listed for rent$1,600+6.7%$2/sqft
        Source: Zillow Rental Network Premium #20221048560 Report a problem
        7/30/2022Price change$217,500-4.4%$230/sqft
        Source: Realcomp II #2220041942 Report a problem
        6/1/2022Listed for sale$227,500+42.2%$241/sqft
        Source: Realcomp II #2220041942 Report a problem
        5/15/2021Listing removed--
        Source: Berkshire Hathaway HomeServices Report a problem
        3/5/2021Price change$1,500-3.2%$2/sqft
        Source: Berkshire Hathaway HomeServices #2200081688 Report a problem
        1/12/2021Listed for rent$1,550+29.2%$2/sqft
        Source: Berkshire Hathaway HomeServices #2200081688 Report a problem
        9/1/2015Listing removed$1,200$1/sqft
        Source: Postlets Report a problem
        8/26/2015Listed for rent$1,200$1/sqft
        Source: Postlets Report a problem
        12/9/2014Sold$160,000-3%$169/sqft
        Source: MiRealSource #31209121 Report a problem
        8/26/2014Listed for sale$165,000$175/sqft
        Source: RE/MAX Showcase Homes #214088088 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $8,700
        2024-- $8,700
        2023-- $8,700
        2022-- $8,700
        2021-- $8,700
        2020$262 +9%$8,700 +29.9%
        2019$240 $6,700
        2018$240 $6,700
        2017-- $6,700 -91.8%
        2016$208 $81,900 +2933.3%
        2015$208 -22.3%$2,700 +0.6%
        2013$268 +28.7%$2,683
        2010$208 $2,683
        2009-- $2,683 -94.6%
        2008-- $49,789 -1.5%
        2007-- $50,532
        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.
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        Climate risks

        Neighborhood: Art Center

        Getting around

        86 / 100
        Very Walkable
        56 / 100
        Good Transit
        88 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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