487 Philip St Detroit, MI 48215
Jefferson Chalmers NeighborhoodEstimated payment $1,507/month
Highlights
- Colonial Architecture
- Cass Technical High School Rated 10
- Heating system powered by renewable energy
About This Home
GREAT INCOME PROPERTY. LOCATED IN A HIGHLY UPCOMING DESIREABLE AREA. PROPERTY HAS BEEN REHAB FROM TOP TO BOTTOM. (AS YOU CAN SEE IN THE PHOTO'S) IMPECCABLY PUT TOGETHER. IT WAS RECENTLY USED AS AN AIRBNB. BOTH UNITS ARE TOTALLY FINISHED AND ALL FURNITURE AND APPLIANCES WILL REMAIN. WALK RIGHT INTO A GREAT INVESTMENT. TURNKEY READY
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1919
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 35.00 x 146.00
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2 Full Bathrooms
- 1,952 Sq Ft Home
- 3-Story Property
- Unfinished Basement
Utilities
- Heating system powered by renewable energy
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
- 3 Units
- Lakewood Park Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number W21I060810S
Map
Home Values in the Area
Average Home Value in this Area
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 | $575 | $11,000 | $0 | $0 |
| 2024 | $575 | $7,600 | $0 | $0 |
| 2023 | $802 | $6,000 | $0 | $0 |
| 2022 | $620 | $3,600 | $0 | $0 |
| 2021 | $611 | $3,100 | $0 | $0 |
| 2019 | $145 | $3,240 | $0 | $0 |
| 2018 | $463 | $1,600 | $0 | $0 |
| 2017 | $340 | $0 | $0 | $0 |
| 2016 | $340 | $6,300 | $0 | $0 |
| 2015 | $630 | $6,300 | $0 | $0 |
| 2013 | $660 | $6,599 | $0 | $0 |
| 2010 | -- | $9,674 | $597 | $9,077 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | Rented | $1,375 | +1.9% | -- |
| 07/11/2025 07/11/25 | Under Contract | -- | -- | -- |
| 05/14/2025 05/14/25 | For Rent | $1,350 | 0.0% | -- |
| 01/03/2025 01/03/25 | Pending | -- | -- | -- |
| 12/10/2024 12/10/24 | Price Changed | $274,900 | -8.3% | $141 / Sq Ft |
| 09/24/2024 09/24/24 | For Sale | $299,900 | -- | $154 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $260,000 | Regions Title | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $25,100 | Amrock Inc | |
| Quit Claim Deed | $1,800 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $3,575 | None Available | |
| Quit Claim Deed | $500 | None Available | |
| Quit Claim Deed | $750 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Sheriffs Deed | $69,684 | None Available | |
| Warranty Deed | $80,000 | Commonwealth Land Title | |
| Corporate Deed | $24,500 | Attorneys Title Agency Llc | |
| Quit Claim Deed | -- | Attorneys Title Agency Llc | |
| Sheriffs Deed | $81,544 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $260,000 | New Conventional | |
| Previous Owner | $159,250 | New Conventional | |
| Previous Owner | $72,000 | Unknown |
Source: Realcomp
MLS Number: 20240072122
APN: 21-060810
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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