$306,000
SOLD APR 23, 2025
8 Beds
4 Baths
4,144 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$74 Per Sq Ft

13% Below List Price

44 Days on Market

About This Home

As of April 2025

WELCOME TO 2945 W GRAND ST, LOCATED NEAR THE VIBRANT NEIGHBORHOODS OF BOSTON EDISON, HIGHLAND PARK, AND NEW CENTER. THIS FULLY UPDATED FOUR-UNIT PROPERTY IS PERFECT FOR INVESTORS OR HOUSE HACKERS LOOKING TO MAXIMIZE RETURNS. EACH UNIT FEATURES 2 BEDROOMS AND 1 BATHROOM, OFFERING COMFORTABLE AND AFFORDABLE LIVING SPACES THAT ATTRACT RELIABLE TENANTS. THE PROPERTY HAS UNDERGONE EXTENSIVE RENOVATIONS, INCLUDING A BRAND-NEW ROOF, UPDATED PLUMBING AND ELECTRICAL SYSTEMS, NEW FURNACES, AND HOT WATER TANKS. KITCHENS HAVE BEEN MODERNIZED WITH NEW CABINETS, COUNTERTOPS, AND VINYL FLOORING, WHILE FRESH CARPET AND FINISHES COMPLETE THE INTERIOR UPGRADES. ADDITIONALLY, A NEW 6-INCH MAIN DRAIN CLEANOUT HAS BEEN INSTALLED IN THE BACKYARD, ENSURING PEACE OF MIND FOR YEARS TO COME. THIS PROPERTY IS ALREADY INCOME-PRODUCING, WITH FOUR UNITS CURRENTLY RENTED THROUGH SECTION 8 BRINGING IN 4201 PER MONTH . THIS IS A FANTASTIC OPPORTUNITY TO GROW YOUR PORTFOLIO IN DETROIT’S THRIVING RENTAL MARKET.

Last Agent to Sell the Property

Marta Kopania

Downtown Realty License #6501424283 Listed on: 02/12/2025

Last Buyer's Agent

Marta Kopania

Downtown Realty License #6501424283 Listed on: 02/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924 | Remodeled in 2025

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 53.00 x 119.00

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 4,144 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W12I004613S

Community Details

Overview

  • 4 Units
  • Robt Oakmans Ford Highway And Linwood Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,138

Year Built

Built in 1924 | Remodeled in 2025

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Assessment: 250.00
  • Year Built: 1924
  • State Equalized Value: 48200.0000
  • Year Renovated: 2025
  • Pets Allowed: Call
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 4144
  • Total Sq Ft: 4144
  • Sq Ft Total Bsmt: 2072

Exterior Features

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

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Wall Furnace
  • Sewer: Sewer at Street
  • Water Source: Water at Street

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.15
  • Lot Dimensions: 53.00 x 119.00
  • Parcel Number: W12I004613S
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 4201

Tax Info

  • Tax Amount Summer: 3881.0000
  • Tax Amount Winter: 257.0000
  • Total Tax: 4138.0000
  • Taxable Value: 48200.0000

Multi Family

  • Gross Scheduled Income: 50412.00
  • Number Of Units Total: 4
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2025
Closed on
Apr 23, 2025
Sold by
Bburns Property Llc and Bburns Property
Bought by
Horride Derek
Seller's Agent
Marta Kopania
Downtown Realty
Buyer's Agent
Marta Kopania
Downtown Realty
List Price
$350,000
Sold Price
$306,000
Premium/Discount to List
-$44,000
-12.57%
Views
80

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-59.36%
Original Mortgage
$229,500
Outstanding Balance
$229,299
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$19,462

Purchase Details

Listed on
Aug 27, 2024
Closed on
Sep 24, 2024
Sold by
Sikui Housing Group 2 Llc
Bought by
Bbums Property
Seller's Agent
J’Donovan Smith
Golden Key Realty Group LLC
Buyer's Agent
J’Donovan Smith
Golden Key Realty Group LLC
List Price
$114,900
Sold Price
$100,000
Premium/Discount to List
-$14,900
-12.97%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
587.78%

Purchase Details

Closed on
Oct 3, 2023
Sold by
Sikui Housing Group 2 Llc
Bought by
Milling Shamel

Purchase Details

Closed on
Mar 8, 2019
Sold by
Detroit Housing Fund
Bought by
Sikui Housing Group 2 Llc

Purchase Details

Closed on
Nov 9, 2018
Sold by
Harvey Terry
Bought by
American Strategic Investments Llc

Purchase Details

Closed on
Aug 6, 2009
Sold by
Donovan Shaun
Bought by
Harvey Terry

Purchase Details

Closed on
Jan 28, 2008
Sold by
Citimortgage Inc
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Jul 26, 2007
Sold by
Burris Eric W and Burris Cerise J
Bought by
Citimortgage Inc
Source: Public Records

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Range of Values:

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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 $306,000 Old Woodward Title
Warranty Deed $100,000 Speedy Title & Escrow Services
Warranty Deed $100,000 Speedy Title & Escrow Services
Quit Claim Deed $3,500 None Listed On Document
Warranty Deed $100,000 None Available
Warranty Deed $62,500 None Available
Warranty Deed $72,500 None Available
Deed $3,150 None Available
Warranty Deed -- None Available
Sheriffs Deed $49,747 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $229,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Sold $306,000 +3.7% $74 / Sq Ft
03/28/2025 03/28/25 Pending -- -- --
03/25/2025 03/25/25 Price Changed $295,000 -1.7% $71 / Sq Ft
03/11/2025 03/11/25 Price Changed $299,995 -7.7% $72 / Sq Ft
03/02/2025 03/02/25 Price Changed $325,000 -5.8% $78 / Sq Ft
02/21/2025 02/21/25 Price Changed $345,000 -1.4% $83 / Sq Ft
02/12/2025 02/12/25 For Sale $350,000 +250.0% $84 / Sq Ft
09/24/2024 09/24/24 Sold $100,000 -13.0% $24 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $114,900 -- $28 / 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
2024 $3,881 $48,200 $0 $0
2023 $2,344 $38,100 $0 $0
2022 $2,515 $29,900 $0 $0
2021 $2,540 $25,200 $0 $0
2020 $2,762 $28,500 $0 $0
2019 $1,653 $26,600 $0 $0
2018 $1,371 $23,500 $0 $0
2017 $249 $22,000 $0 $0
2016 $1,497 $68,200 $0 $0
2015 $1,370 $13,700 $0 $0
2013 $1,736 $19,051 $0 $0
2010 -- $27,297 $1,467 $25,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20250009652

Realcomp

APN: 12-004613