AN INCREDIBLE INVESTMENT OPPORTUNITY IN THE HEART OF DETROIT! THIS 4-UNIT MULTIFAMILY HOME FEATURES 2 BEDROOMS AND 1 BATHROOM IN ONE UNIT AND 3 BEDROOMS AND 1 BATHROOM IN THE OTHER 3 UNITS. HOME IS CONVENIENTLY LOCATED NEAR I94 AND ONLY 10 MINUTES AWAY FROM DOWNTOWN. EXCELLENT OPPURTUNITY FOR PASSIVE INCOME WITH AN ESTIMATED $5,400 PER MONTH IN RENTS, TOTALING A WHOPPING $64,800 ANNUALLY. 3 OUT OF THE 4 UNIT ARE OCCUPIED. DREAM OF LIVING RENT FREE? NOW YOU CAN! LIVE IN ONE AND RENT THE OTHER THREE. ALL UNITS HAVE NEWER FURNACE, HOT WATER TANK, PLUMMING AND ELECTRICAL PANEL, ENSURING LONGEVITY. WHETHER YOU'RE A SEASONED INVESTOR OR LOOKING TO START YOUR REAL ESTATE JOURNEY, THIS PROPERTY IS A MUST-SEE. DO NOT APPROACH OR DISTURB TENANTS.
Sold for $340,000
$340,000
5907 Iroquois St, Detroit, MI 48213
11beds
4,680sqft
Multi Family
Built in 1923
-- sqft lot
$359,900 Zestimate®
$73/sqft
$1,411 Estimated rent
Home value
$359,900
$342,000 - $378,000
$1,411/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Olyur Miah 313-485-6858,
Prime Time Realty
Bought with:
Xhejms Shahinaj, 6501429768
Golden Key Realty Group LLC
Source: Realcomp II,MLS#: 20240003950
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Hot Water, Natural Gas
Appliances
- Laundry: None
Features
- Basement: Partial,Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 4,680 sqft
- Finished area above ground: 4,680
Property
Parking
- Parking features: Parking Lot, On Street
Features
- Levels: Three
- Stories: 3
- Pool features: None
- Fencing: Back Yard,Fenced
Lot
- Size: 6,534 Square Feet
- Dimensions: 60.00 x 110.00
Details
- Parcel number: W17I007335S
- Zoning description: Commercial, MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Quadruplex
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Block
- Roof: Asphalt,Other
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer, Sewer At Street
- Water: Public, Waterat Street
- Utilities for property: Above Ground Utilities
Community & HOA
Community
- Subdivision: STEPHENS ELM PK (PLATS)
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $73/sqft
- Tax assessed value: $83,500
- Annual tax amount: $6,812
- Date on market: 1/22/2024
- Cumulative days on market: 51 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/26/2024 | Sold | $340,000+6.3%$73/sqft |
Source:  Realcomp II #20240003950 Report a problem | ||
| 6/10/2022 | Sold | $320,000+611.1%$68/sqft |
Source: Public Record Report a problem | ||
| 4/5/2021 | Sold | $45,000+12943.5%$10/sqft |
Source: Public Record Report a problem | ||
| 7/25/2012 | Sold | $345-97.3% |
Source: Public Record Report a problem | ||
| 11/19/2007 | Sold | $12,900-82.8%$3/sqft |
Source: Public Record Report a problem | ||
| 6/18/2007 | Sold | $75,019-25%$16/sqft |
Source: Public Record Report a problem | ||
| 1/3/2007 | Sold | $100,000+300%$21/sqft |
Source: Public Record Report a problem | ||
| 10/18/2002 | Sold | $25,000$5/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $106,000 +26.9% |
| 2024 | -- | $83,500 +12.7% |
| 2023 | -- | $74,100 +22.9% |
| 2022 | -- | $60,300 -6.1% |
| 2021 | -- | $64,200 |
| 2020 | $341 -52.2% | $64,200 +22.8% |
| 2019 | $714 | $52,300 +25.7% |
| 2018 | $714 | $41,600 -10.7% |
| 2017 | -- | $46,600 +959.1% |
| 2016 | $844 | $4,400 |
| 2015 | $844 +64% | $4,400 -14.6% |
| 2013 | $515 -39% | $5,150 -31.8% |
| 2010 | $844 | $7,551 -12% |
| 2009 | -- | $8,581 -13.5% |
| 2008 | -- | $9,920 |
| 2007 | -- | $9,920 +5.5% |
| 2005 | $114 | $9,403 +3% |
| 2004 | -- | $9,129 +2% |
| 2001 | $745 +41.5% | $8,950 +1.7% |
| 2000 | $527 | $8,800 |
Find assessor info on the county website
Neighborhood: Gratiot Town/Ketterring
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Nearby schools
GreatSchools rating
- 4/10Garvey AcademyGrades: PK-8Distance: 1.9 mi
- 3/10Southeastern High SchoolGrades: 9-12Distance: 2 mi
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- Michigan
- Wayne County
- Detroit
- 48213
- Gratiot Town/Ketterring
- 5907 Iroquois St
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