$75,000
$5K PRICE DROP

Estimated payment $572/month

Total Views 735
3 Beds
1 Bath
1,241 Sq Ft
$60 Price per Sq Ft

About This Home

Excellent investment opportunity at 2989 Clairmount St in Detroit, MI! This tenant-occupied property is generating $1,020 per month in steady rental income, making it a strong cash-flowing asset from day one. With a paying tenant already in place, this is a perfect turnkey addition for any investor looking to grow their portfolio with minimal upfront effort. The property offers solid rental demand and long-term appreciation potential. To respect the privacy of the tenant, no showings until an accepted offer.

Listing Agent

Joe Hammel

Keller Williams Somerset License #6501422602 Listed on: 04/08/2026

Keller Williams Somerset

Co-Listing Agent

Michael Helfant

Keller Williams Somerset License #6501430389

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1921

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 35x100

Home Design

  • 1,241 Sq Ft Home
  • Brick Exterior Construction
  • Block Foundation

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement

Community Details

  • The MC Erlane Joy Road Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W12I002588S

Home Details

Home Type

Single Family

Year Built

Built in 1921

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1921
  • State Equalized Value: 24400.00
  • Entry Location: GroundLevelwSteps
  • Property Sub Type: SingleFamilyResidence
  • Co List Office Mls Id: 409720
  • Co List Office Phone: 2486497200
  • Co List Office Mls Id: 409720
  • Above Grade Finished Sq Ft: 1241.00
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Block
  • Construction Materials: Brick
  • Road Frontage Type: Paved
  • Disclosures: ExclusionsDoNotExist, TaxesNotHomesteadExempt
  • Exclusions: Exclusion(s) Do Not Exist
  • Home Warranty: No

Garage/Parking

  • Garage: No

Utilities

  • Heating: ForcedAir, NaturalGas
  • Sewer: PublicSewer
  • Water Source: Public

Schools

  • Junior High Dist: Detroit

Lot Info

  • Lot Dimensions: 35X100
  • Parcel Number: W12I002588S
  • Land Lease Expiration Date: 2026-10-01

Tax Info

  • Tax Amount Summer: 2058.00
  • Tax Amount Winter: 1212.00
  • Tax Annual Amount: 3270.00

Multi Family

  • Above Grade Finished Area Units: SquareFeet

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
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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
2025 $2,058 $24,400 $0 $0
2024 $1,012 $20,100 $0 $0
2023 $982 $16,300 $0 $0
2022 $1,042 $13,400 $0 $0
2021 $1,016 $10,300 $0 $0
2020 $1,016 $12,300 $0 $0
2019 $845 $9,600 $0 $0
2018 $734 $8,400 $0 $0
2017 $161 $8,500 $0 $0
2016 $962 $26,000 $0 $0
2015 $1,070 $10,700 $0 $0
2013 $1,488 $14,881 $0 $0
2010 -- $21,322 $734 $20,588
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2026 05/07/26 Price Changed $75,000 -6.3% $60 / Sq Ft
04/08/2026 04/08/26 For Sale $80,000 0.0% $64 / Sq Ft
08/31/2025 08/31/25 Rented $1,200 +7.1% --
08/04/2025 08/04/25 Under Contract -- -- --
06/12/2025 06/12/25 For Rent $1,120 -- --
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Warranty Deed $520,000 Speedy Title & Escrow Services
Quit Claim Deed -- None Listed On Document
Warranty Deed $150,000 None Listed On Document
Warranty Deed $150,000 None Listed On Document
Warranty Deed $80,000 None Listed On Document
Warranty Deed $80,000 None Listed On Document
Quit Claim Deed $9,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed $500 None Available
Quit Claim Deed $3,000 None Available
Quit Claim Deed $500 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Deed $1,000 Greco
Quit Claim Deed -- None Available
Sheriffs Deed $62,500 None Available
Warranty Deed $60,000 Acceptance Title Agency
Sheriffs Deed $74,577 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,500 New Conventional
Previous Owner $133,750 Construction
Source: Public Records

Source: Realcomp

MLS Number: 20261021427

Realcomp

APN: 12-002588

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