5541 & 5543 Balfour Street
Detroit, MI 48224
- 4 beds
- 2 baths
- 1,944 sqft
- 5,663 sqft lot
- $41 per sqft
- 1941 build
- – on site
More homes
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!
Last checked:
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Last updated Apr 2, 2025
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MLS# 58050161997 —
The Building
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Year Built:1941
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Construction Materials:Brick
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Architectural Style:Colonial
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Levels:Two
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Basement:Block
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Basement:true
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Foundation Details:Basement, Block, BrickMortar
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Building Features:Sidewalks
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Patio And Porch Features:Porch
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Building Area Source:Estimated
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Above Grade Finished Area:1944.0
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Above Grade Finished Area Source:Estimated
Interior
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Fireplace:true
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Fireplace Features:LivingRoom
Room Dimensions
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Living Area:1944.0
The Property
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Parcel Number:21068743
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:0.13
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Lot Size Dimensions:40 x 146
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Zoning Description:Residential
Listing Agent
- Contact info:
- Agent phone:
- (586) 263-8220
- Office phone:
- (586) 263-8220
Taxes
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Tax Legal Description:W BALFOUR 1603 E DETROIT DEVELOPMENT COS SUB NO 3 L38 P32 PLATS, WCR 21/468 40 X 145.5A,NEZH CERT.#NH2007-0527,RELATED PARCEL#27070527.
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Tax Annual Amount:3631.37
Beds
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Total Bedrooms:4
Baths
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Total Baths:2
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Full Baths:2
Heating & Cooling
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Heating:ForcedAir, NaturalGas, SeparateMeters
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Heating:true
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Cooling:CeilingFans
Utilities
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Sewer:PublicSewer
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Water Source:Public
Appliances
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Appliances:Oven, Refrigerator, Range
Schools
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High School District:Detroit
The Community
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Subdivision Name:N/A
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Community Features:Sidewalks
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Waterfront:false
Parking
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Garage Spaces:2.0
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Parking Features:TwoCarGarage, Assigned2Spaces, Detached, Garage
IDX provided courtesy of Realcomp II Ltd., via Estately and MiRealSource, © 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.
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/20/25
Mar 20, 2025
|
Sold | REALCOMP | $81,000 | -9.9% |
|
2/28/25
Feb 28, 2025
|
Pending | REALCOMP | $89,900 | |
|
2/11/25
Feb 11, 2025
|
Listed / Active | REALCOMP | $89,900 |
