$196,550
SOLD AUG 20, 2024 RENTED MAY 1, 2025

1615 24th St Detroit, MI 48216

Mexicantown Neighborhood
4 Beds
2 Baths
2,224 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$88 Per Sq Ft

9% Above List Price

5 Days on Market

Highlights

  • A-Frame Home
  • Forced Air Heating System
  • 2 Car Garage
  • Cass Technical High School Rated 10

About This Home

As of August 2024

Come check out this 2 unit multifamily located in the heart of Mexican Town. Each unit features 2 bedroom, 1 bath, a spacious dining and living area with a cozy fireplace in each unit. It also includes newer electrical, hot water tanks and central air. This home has been a family jewel over the past 30 years still holding on to its original hardwood finishing. There are so many amazing opportunities with this beauty, you could either make one of the units your own while generating cash flow from the other unit or lease out both units for an even more cash flow. Not to mention this is also a great property for Airbnb because of its great location near lots of good food, shopping and easy access to freeways for easy commute. Whatever you choose to do with this property will be a win win.


There will be an OPEN HOUSE HELD ON Saturday 7/20/2024 from 11am-2pm. This Property Wil Not Last Long So Don't Miss Out!!!!!!!!!!!!!!!

Last Agent to Sell the Property

LaCenya Cobb

C-RED Realty Group, LLC License #6506047263

Last Buyer's Agent

Edgar Butler

@properties Christie's Int'l R.E. Birmingham License #6501424939

@properties Christie's Int'l R.E. Birmingham

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1909

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 30.00 x 161.00

Parking

  • 2 Car Garage

Home Design

  • A-Frame Home
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,224 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W12I009046S

Community Details

Overview

  • 2 Units
  • Perrins H M Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,075

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: A-Frame
  • Architecture Level: 2 Story
  • Assessment: 340.00
  • Year Built: 1909
  • State Equalized Value: 45000.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2224
  • Total Sq Ft: 2224
  • Sq Ft Total Bsmt: 600

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

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

Fee Information

  • Operating Expense: 5000.00

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 30.00 x 161.00
  • Parcel Number: W12I009046S
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Tax Info

  • Tax Amount Summer: 986.0000
  • Tax Amount Winter: 89.0000
  • Total Tax: 1075.0000
  • Taxable Value: 9450.0000

Multi Family

  • Gross Scheduled Income: 24000.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2024
Closed on
Aug 14, 2024
Sold by
Avila Jose and Avila Gregoria
Bought by
1244 25Th St Llc
Seller's Agent
LaCenya Cobb
C-RED Realty Group, LLC
Buyer's Agent
Edgar Butler
@properties Christie's Int'l R.E. Birmingham
List Price
$180,000
Sold Price
$196,550
Premium/Discount to List
$16,550
9.19%
Total Days on Market
5
Views
31
Current Estimated Value
$201,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,335
Avg. Annual Appreciation
3.54%
Original Mortgage
$218,990
Outstanding Balance
$24,883
Interest Rate
6.77%
Mortgage Type
Credit Line Revolving
Estimated Equity
$177,002

Purchase Details

Closed on
Jul 15, 2015
Sold by
Avila Gregoria
Bought by
Avila Gregoria and Avila Jose

Map

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $196,550 None Listed On Document
Quit Claim Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $218,990 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 Rented $1,750 0.0% --
04/21/2025 04/21/25 Under Contract -- -- --
03/28/2025 03/28/25 For Rent $1,750 0.0% --
08/20/2024 08/20/24 Sold $196,550 +9.2% $88 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
07/05/2024 07/05/24 For Sale $180,000 -- $81 / Sq Ft
Source: Realcomp

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 $764 $57,900 $0 $0
2023 $986 $45,000 $0 $0
2022 $1,049 $31,000 $0 $0
2021 $1,026 $23,200 $0 $0
2020 $1,022 $21,900 $0 $0
2019 $1,010 $16,500 $0 $0
2018 $899 $13,000 $0 $0
2017 $153 $11,700 $0 $0
2016 $979 $26,900 $0 $0
2015 $797 $9,000 $0 $0
2013 $773 $9,973 $0 $0
2010 -- $14,289 $328 $13,961
Source: Public Records

Source: Realcomp

MLS Number: 20240046201

Realcomp

APN: 12-009046

Michigan Wayne County Detroit 48216 Mexicantown

1615 24th St, Detroit, MI

Homes for Sale in Detroit, MI

This home is located at 1615 24th St, Detroit, MI 48216 and is currently priced at $196,550, approximately $88 per square foot. This property was built in 1909. 1615 24th St is a home located in Wayne County with nearby schools including Charles L. Spain Elementary-Middle School, Edward 'Duke' Ellington Conservatory of Music and Art, and Western International High School.

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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