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Franklin Park Multifamily Home for Sale

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    $119,000

    • Studio
    • 2 Baths
    • 1,884 Sq Ft

    18918 W Chicago St, Detroit, MI 48228

    Attention investors - excellent opportunity to purchase renovated 2 unit apartment building on Detroit's west side. Solid brick building with 2 bedrooms/1 bath per unit. 18918 unit completely renovated in spring 2025. Updates include new flooring, new drywall, fresh paint, new kitchen, updated plumbing. 18920 unit renovated in 2024. Unit swept clean after tenant vacated. Both units vacant.

    Kimberly Young Golden Eagle Real Estate LLC

    18918 W Chicago St, Detroit, MI 48228

Why Live in Franklin Park

Franklin Park, located on the west side of Detroit, is a neighborhood marked by vibrant murals and a strong sense of community. The area is experiencing significant growth, with Rouge Park being a major draw due to its extensive recreational facilities, including playgrounds, splash pads, nature trails, sports courts, and an 18-hole golf course. The park also features the upcoming Brennan Recreation Center, set to open in 2024. Franklin Park's streets are lined with mature trees and a mix of cozy bungalows, colonial-style homes, and Tudor Revival houses with brick exteriors and large bay windows. Proximity to major highways like the Southfield Freeway and I-96 ensures a manageable commute to other parts of metro Detroit. The neighborhood is home to schools such as the Edward “Duke” Ellington Conservatory of Music and Art and the Communications & Media Arts High School, which is ranked among the top in Wayne County. Local amenities include the Edison Branch of the Detroit Public Library, Meijer grocery store, D-Town Farm, and Sugar Market. Dining options feature local favorites like Starter’s Bar & Grill and Olympia Coney Island. Franklin Park offers a variety of things to do, from shopping at nearby centers to enjoying the seasonal farmers' market on Joy Road. The neighborhood's tree-lined streets and diverse home styles contribute to its appeal for families and individuals alike.

Home Trends in Franklin Park, MI

Housing Trends

Median Sale Price
$75,000
Median Single Family Sale Price
$82,000
Median 2 Bedroom Sale Price
$72,900
Median 1 Bedroom Sale Price
$38,500
Average Price Per Sq Ft
$85
Number of Homes for Sale
102
Last 12 months Home Sales
240
Months of Supply
5.10
Median List Price
$85,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
7%
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