5500 Chalmers Street
Detroit, MI 48213
- 4 beds
- 2 baths
- 1,904 sqft
- 6,098 sqft lot
- $65 per sqft
- 1951 build
- – on site
**AMAZING 12% Cap Rate**HIGH ROI**CORNER LOT OPPORTUNITY**TURNKEY INVESTOR GEM located in a prime Detroit location. This ranch-style duplex is a cash flow powerhouse, rented at $800 and $900 per unit, generating a total of $1,700/month. It is priced to sell and offers incredible potential for investors seeking high returns. Start making money from day one! Each unit features well-maintained interiors and reliable tenants in place. Situated on a corner lot, the property boasts excellent curb appeal and easy access to local amenities. Low maintenance and high-performing, this is an opportunity you don't want to miss. This turnkey property is professionally managed, allowing you to sit back and enjoy the passive income. Clean title, warranty deed, and title insurance provided. Tenant ledger available upon request.
Last checked:
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Checking…
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Last updated Jan 14, 2025
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MLS# 20240091996 —
The Building
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Year Built:1951
-
New Construction:false
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Construction Materials:Brick
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Architectural Style:Ranch
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Levels:One
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Entry Location:Ground Level w/Steps
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Basement:Unfinished
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Basement:true
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Foundation Details:Basement, Block
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Above Grade Finished Area:1904.0
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Below Grade Total Area:3808
Interior
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Fireplace:false
Room Dimensions
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Living Area:1904.0
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Living Area Source:PublicRecords
Location
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Directions:S of 94 fwy
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Cross Street:Chandler Park
The Property
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Parcel Number:W21I055433S
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Property Type:Residential
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Property Sub Type:SingleFamilyResidence
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Lot Size Acres:0.14
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Lot Size Area:0.14
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Lot Size Dimensions:40.00 x 150.00
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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) 644-0034
- Office phone:
- (313) 644-0034
Taxes
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Tax Legal Description:E CHALMERS 109 SEFTON PARK SUB L38 P86 PLATS, W C R 21/478 40 X 150
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Tax Assessed Value:21400
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Tax Annual Amount:2069.0
Beds
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Bedrooms Total:4
Baths
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Bathrooms Total:2
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Bathrooms Full:2
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:ForcedAir, 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:SEFTON PARK SUB
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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:false
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Attached Garage:false
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Parking Features:Detached, NoGarage
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
$125,000
| 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. |
$669
|
| Taxes | $172 |
| Insurance | $34 |
| Utilities | $163 See report |
| Total | $1,038/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 |
|---|---|---|---|---|
|
12/19/24
Dec 19, 2024
|
Listed / Active | REALCOMP | $125,000 | 315.3% (74.6% / YR) |
|
9/29/20
Sep 29, 2020
|
REALCOMP | $30,100 |
