4874 Haverhill Street
Detroit, MI 48224
- 4 beds
- 2 baths
- 2,024 sqft
- 4,792 sqft lot
- $67 per sqft
- 1929 build
- – on site
Historic Home Renovation with Triple Income Potential in Morningside Nestled in the coveted Morningside neighborhood, adjacent to Grosse Pointe and East English Village, this historic gem offers a rare opportunity to restore and personalize a classic property while unlocking significant rental income potential. Featuring stunning original architectural elements—including finely crafted Italian plaster columns, intricate ceiling medallions, a beautiful fireplace fresco, and soaring curved ceilings—this home provides an exceptional canvas for someone with vision and an appreciation for timeless craftsmanship. Much of the heavy lifting has already been done! The home boasts updated electrical and plumbing systems, with most of the necessary renovation supplies already on-site, allowing you to pick up right where the current work left off. Recent upgrades include a brand-new roof, gutters, lots of structural work and two new HVAC systems, ensuring the home’s durability and comfort for years to come. Designed to maximize income potential, the property includes two spacious 2-bedroom, 1-bath units, plus a potential basement studio. The upper unit, currently configured as a “penthouse,” includes a functioning kitchen and bathroom and has plans in place to finish the attic as a loft space—perfect for expanding rental income opportunities or creating a private retreat for a live-in owner. The units are bright, airy, and well-proportioned, with large bay windows flooding the space with natural light. Located near the iconic Alger Theater, local parks, dining, and shopping, this property offers the perfect blend of historical charm and modern-day convenience. With thoughtful renovations, this home can become a standout property in one of Detroit’s most desirable neighborhoods—an ideal investment for both investors and homeowners looking to build equity through rental income. Don’t miss the chance to breathe new life into this historic home and capitalize on its triple income potential!
Last checked:
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Last updated Apr 2, 2025
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MLS# 20240086872 —
The Building
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Year Built:1929
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New Construction:false
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Construction Materials:Brick
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Architectural Style:Bungalow
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Levels:Two
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Entry Location:Ground Level w/Steps
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Basement:Full, Unfinished
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Basement:true
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Foundation Details:Basement, Block
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Above Grade Finished Area:2024.0
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Below Grade Total Area:1100
Interior
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Fireplace:false
Room Dimensions
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Living Area:2024.0
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Living Area Source:Assessor
Location
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Directions:South of warren
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Cross Street:Outer Drive and Warren
The Property
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Parcel Number:W21I070036S
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Lot Size Acres:0.11
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Lot Size Area:0.11
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Lot Size Dimensions:40.00 x 114.00
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Lot Size Units:Acres
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Road Frontage Feet:40
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (313) 721-9956
- Office phone:
- (313) 230-0510
Taxes
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Tax Legal Description:Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 12/30/2024. E HAVERHILL 627 EAST DETROIT DEVELOPMENT COS SUB NO 1 L36 P19 PLATS, W C R 21/427 40 X 114
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Tax Assessed Value:6800
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Tax Annual Amount:587.0
Beds
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Total Bedrooms:4
Baths
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Total Baths:2
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Full Baths:2
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:HotWater, NaturalGas
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Heating:true
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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High School District:Detroit
The Community
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Subdivision Name:EAST DETROIT DEVELOPMENT COS NO 1 (PLATS)
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Senior Community:false
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Pool Features:None
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Waterfront:false
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Association:false
Parking
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Garage:true
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Garage Spaces:1.0
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Attached Garage:false
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Parking Features:OneCarGarage, Detached
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Monthly cost estimate
Asking price
$136,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$728
|
| Taxes | $48 |
| Insurance | $37 |
| Utilities | $201 See report |
| Total | $1,014/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/27/24
Nov 27, 2024
|
Listed / Active | REALCOMP | $136,000 |
