$275,000
SOLD JAN 6, 2025

2405 Field St Detroit, MI 48214

Islandview Neighborhood
7 Beds
3.5 Baths
4,646 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$59 Per Sq Ft

8% Below List Price

41 Days on Market

Highlights

  • Victorian Architecture
  • Cass Technical High School Rated 10
  • 3 Car Garage

About This Home

As of January 2025

Welcome to 2405 Field – A Unique Income-Generating Triplex in Detroit's Thriving Islandview Neighborhood!

Discover an extraordinary investment opportunity with this distinctive triplex, boasting four units across three levels in the sought-after Islandview area, right next to the historic Indian Village. This property is designed to attract long-term tenants, making it an ideal addition to any real estate portfolio.

Property features:

One spacious 2-bedroom, 1-bathroom unit
Two 1-bedroom units with a shared "boarding school" style bathroom, maximizing functionality
One 3-bedroom, 1-bathroom unit for additional rental potential
Recent improvements ensure peace of mind for future ownership, including a new roof installed in August 2023 and a 7-year-old boiler and hot water tank. Located in an area experiencing growth and revitalization, 2405 Field offers a promising investment in a burgeoning community with increasing demand.

Don’t miss your chance to secure a high-potential asset in an exciting Detroit neighborhood. BATVAI

Last Agent to Sell the Property

James Byrd

Berkshire Hathaway HomeServices The Loft Warehouse License #6501446364 Listed on: 11/04/2024

Berkshire Hathaway HomeServices The Loft Warehouse

Last Buyer's Agent

Justin Cain

@properties Christie's Int'l R.E. Detroit License #6501395189

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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $340

Year Built

  • Built in 1914

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 45.00 x 150.00

Parking

  • 3 Car Garage

Home Design

  • Victorian Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 4,646 Sq Ft Home
  • 3-Story Property
  • Partially Finished Basement

Utilities

  • Radiant Heating System
  • Shared Water Meter
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W15I007440S

Community Details

Overview

  • 4 Units
  • Frontenac Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$340

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Victorian
  • Architecture Level: 3 Story
  • Assessment: 340.00
  • Year Built: 1914
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished
  • Sq Ft Combined: 4646
  • Total Sq Ft: 4646
  • Sq Ft Total Bsmt: 1720

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 31
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 3

Utilities

  • Heating: Radiant
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Heater Fuel: Common
  • Water Source: Public (Municipal), Water at Street

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.16
  • Lot Dimensions: 45.00 x 150.00
  • Parcel Number: W15I007440S
  • Zoning: Residential
  • Percent Homestead Exempt: Yes

Rental Info

  • Rent Includes: Heat, Electric, Water/Sewer, Trash Collection (Garbage Pickup), Water
  • Monthly Rental Income: 1800

Tax Info

  • Tax Amount Summer: 340.0000
  • Total Tax: 340.0000

Multi Family

  • Gross Scheduled Income: 21600.00
  • Number Of Units Total: 4
  • Number of One Bedroom Units: 2
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2024
Closed on
Jan 6, 2025
Sold by
Smith-Maxwell Patricia
Bought by
Rollins Frenisha
Seller's Agent
James Byrd
Berkshire Hathaway HomeServices The Loft Warehouse
Buyer's Agent
Justin Cain
@properties Christie's Int'l R.E. Detroit
List Price
$299,999
Sold Price
$275,000
Premium/Discount to List
-$24,999
-8.33%
Views
58
Current Estimated Value
$280,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,913
Avg. Annual Appreciation
-5.69%

Purchase Details

Closed on
May 31, 2006
Sold by
Reed Harry R and Reed Colleen Kay
Bought by
Smith Maxwell Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
9.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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 $275,000 None Listed On Document
Warranty Deed $275,000 None Listed On Document
Warranty Deed $130,000 Home Title Connect Llc
Warranty Deed $130,000 Home Title Connect Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $110,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2025 01/06/25 Sold $275,000 +1.9% $59 / Sq Ft
12/15/2024 12/15/24 Pending -- -- --
11/25/2024 11/25/24 Price Changed $270,000 -10.0% $58 / Sq Ft
11/04/2024 11/04/24 For Sale $299,999 -- $65 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

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
2025 $50 $109,000 $0 $0
2024 $50 $0 $0 $0
2023 $170 $0 $0 $0
2022 $340 $0 $0 $0
2021 $220 $0 $0 $0
2020 $1,283 $32,200 $0 $0
2019 $1,511 $24,700 $0 $0
2018 $1,096 $22,700 $0 $0
2017 $239 $23,300 $0 $0
2016 $1,223 $34,200 $0 $0
2015 $1,244 $29,600 $0 $0
2013 $1,205 $34,585 $0 $0
2010 -- $50,708 $1,811 $48,897
Source: Public Records

Agents Affiliated with this Home

  • James Byrd

    Seller's Agent in 2025

    James Byrd

    Berkshire Hathaway HomeServices The Loft Warehouse

    (313) 693-6538

    2 in this area

    45 Total Sales

    James Byrd
    Section Image
  • Justin Cain

    Buyer's Agent in 2025

    Justin Cain

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

    (248) 839-1778

    1 in this area

    152 Total Sales

    Justin Cain
    Section Image
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Map

Source: Realcomp

MLS Number: 20240083101

Realcomp

APN: 15-007440

Michigan Wayne County Detroit 48214 Islandview

2405 Field St, Detroit, MI

This home is located at 2405 Field St, Detroit, MI 48214 and is currently priced at $275,000, approximately $59 per square foot. This property was built in 1914. 2405 Field St is a home located in Wayne County with nearby schools including Ralph J.Bunche Preparatory Academy, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
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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