Charming 2-Unit Multi-Family Property in Detroit – Great Investment or Conversion Opportunity. This well-maintained 2-unit multi-family home is an ideal investment opportunity or can easily be converted into a spacious single-family residence. Located in an up-and-coming area of Detroit, this property offers convenience and potential for growth. Both units have 2 bedrooms, full bathroom, kitchen and living room. Entry level's inviting living room offers a beautiful fireplace, perfect for cozy evenings. Functional layout offering ample living space in both units. 2 Car detached garage. Shared basement with laundry facility. The home is in a prime location with easy access to major expressways, making commuting to Downtown Detroit, The Points, or St. Clair Shores a breeze. Whether you're looking to capitalize on the rental market or transform it into your dream home, this property offers flexibility and fantastic value in a rapidly growing neighborhood. Don't miss out on this fantastic opportunity to own a property in a high-demand area with so much potential!
Sold for $81,000
$81,000
5541-5543 Balfour Rd, Detroit, MI 48224
4beds
1,944sqft
Multi Family
Built in 1941
-- sqft lot
$85,300 Zestimate®
$42/sqft
$1,093 Estimated rent
Home value
$85,300
$76,000 - $96,000
$1,093/mo
Zestimate® history
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$1,093/mo
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$466/mo
Est. payment
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$466/mo
Est. payment
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List your homeWhat's special
Beautiful fireplaceAmple living spaceFunctional layout
Zillow last checked:
Listing updated:
Listed by:
Melanie Lovati 586-263-8220,
Innovation Real Estate Specialists Inc.
Bought with:
Kera Grubb, 6501430247
Innovation Real Estate Specialists Inc.
Source: MiRealSource,MLS#: 50161997
Originating MLS: MiRealSource
Originating MLS: MiRealSourceFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bedroom 1
- Features: No
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Appliances
- Included: Range/Oven, Refrigerator
Features
- Basement: Block
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total structure area: 1,944
- Total interior livable area: 1,944 sqft
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces, Garage, Detached
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Exterior features: Sidewalks
- Frontage length: 40
Lot
- Size: 5,662 Square Feet
- Dimensions: 40 x 146
- Features: Sidewalks
Details
- Parcel number: 21068743
- Zoning description: Residential
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement
Condition
- Year built: 1941
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & HOA
Community
- Subdivision: N/A
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $42/sqft
- Annual tax amount: $3,631
- Date on market: 11/26/2024
- Cumulative days on market: 94 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA 203K
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2025 | Sold | $81,000$42/sqft |
Source:  MiRealSource #50161997 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Morningside
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Nearby schools
GreatSchools rating
- 2/10Brown Ronald AcademyGrades: PK-8Distance: 0.1 mi
- 3/10East English Village Preparatory AcademyGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- District: Detroit City School District
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$85,300
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
$85,300
- Michigan
- Wayne County
- Detroit
- 48224
- Morningside
- 5541-5543 Balfour Rd
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