12850 Chicago
Detroit, MI 48228

Description

Clean well running buildings of this size are rare in the market. Majority of units have been renovated in the last 2 years. Roof was updated a year ago, hot water tanks installed in last 6 months. Onsite manager has been with the building for over 20 years! Previous owners converted several 1 bedrooms, into very large 2 and 3 bedroom units. The opportunity exists to return the building to more units, and increase the overall gross rent. Onsite laundry, gated secure parking lot! Please do not approach the building without an accepted offer, tenants are not aware of sale.

Details

MLS#219020730
Sub-TypeResale
StatusActive
Year1969
Days On Site42

Features

SQ Feet45,312
Units4
Building(s)1

Market Activity 48228

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48228
AreaDet 6-Tire - Grnfld - Livernois
Listing VS Median (in 48228)
Price:
$2,300,000
low | high
Med:
$39,900
100% of Average
SqFt:
45,312
low | high
Med:
1,053
100% of Average
$ / SqFt:
$51
low | high
Med:
$41
70.012937016236% of Average
On Site:
42
low | high
Med:
7
100% of Average
Listing Updated: 04/22/2019
MLS Number: 219020730
Listing Provided By:
William Kaupas  of  Social Realty LLC
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