$110,000
UNDER CONTRACT

137 Elmhurst St Highland Park, MI 48203

Estimated payment $835/month

Total Views 22,436
12 Beds
4 Baths
4,262 Sq Ft
$26 Price per Sq Ft

About This Home

This brick 4-unit property is a prime investment opportunity with significant value-add potential. While it requires some cosmetic updates and repairs, it offers promising rental income possibilities. Located just blocks from Woodward, it provides convenient access to transportation, shopping, dining, and entertainment. Each unit features 3 spacious bedrooms, one bathroom, a generous living room, and a kitchen that flows into a dedicated dining area, making it ideal for meals and gatherings. With the right updates, this property can be transformed to maximize its long-term value. Whether you're a seasoned investor or just starting out, this is an opportunity you don’t want to miss. Information is deemed reliable but not guaranteed, and all dimensions are estimated. Buyers and their agents should verify all information.

Listing Agent

Shane Parker

S&P Realty License #6501397534 Listed on: 03/04/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50.00 x 128.00

Parking

  • 2 Parking Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 4,262 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Tuxedo Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 43017020124000

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 3 Story
  • Year Built: 1913
  • State Equalized Value: 37000.0000
  • Pets Allowed: No
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 4262
  • Total Sq Ft: 4262
  • Sq Ft Total Bsmt: 2136

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 50
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Highland Park

Lot Info

  • Lot Size Area: 0.15
  • Lot Dimensions: 50.00 x 128.00
  • Parcel Number: 43017020124000
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 5000

Tax Info

  • Tax Amount Summer: 2719.0000
  • Tax Amount Winter: 185.0000
  • Total Tax: 2904.0000
  • Taxable Value: 37000.0000

Multi Family

  • Gross Scheduled Income: 60000.00
  • Number Of Units Total: 4
  • Number of Three Bedroom Units: 4

MLS Schools

  • School District: Highland Park

Map

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,719 $37,000 $0 $0
2023 $1,052 $32,200 $0 $0
2022 $1,202 $23,100 $0 $0
2021 $1,178 $16,200 $0 $0
2019 $1,233 $14,000 $0 $0
2018 $1,044 $12,400 $0 $0
2017 $386 $12,300 $0 $0
2016 $2,092 $19,200 $0 $0
2015 $2,370 $23,700 $0 $0
2013 $2,176 $33,700 $0 $0
2012 $1,479 $36,600 $5,200 $31,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $85,000 -39.3% $20 / Sq Ft
12/23/2023 12/23/23 Pending -- -- --
12/04/2023 12/04/23 For Sale $140,000 -- $33 / Sq Ft
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Warranty Deed $80,000 Reputation First Title
Quit Claim Deed $10,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed $700 None Available
Source: Public Records

Source: Realcomp

MLS Number: 20250014332

Realcomp

APN: 43-017-02-0124-000