$120,000
PENDING

5500 Chalmers St Detroit, MI 48213

Chandler Park Neighborhood

Estimated payment $754/month

Total Views 2,305
4 Beds
2 Baths
1,951 Sq Ft
$62 Price per Sq Ft

Highlights

  • 1-Story Property
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

Turnkey Investor Gem in Prime Detroit Location!
This ranch-style duplex is a cash-flow powerhouse—one unit is currently rented at $900/month, with the second unit ready to lease for the same, bringing total potential income to $1,800/month. Priced to sell, this low-maintenance property offers strong returns from day one.

Both units feature updated interiors, with one already occupied by a reliable tenant. Located on a corner lot, the property has great curb appeal and convenient access to local amenities. Professionally managed for truly passive income.

Tenant ledger available upon request. Don’t miss this high-performing investment opportunity!

Listing Agent

Damian Hickman

EXP Realty Main License #6501363263 Listed on: 07/23/2025

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951 | Remodeled in 2025

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 40x150
  • Back Yard Fenced

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,951 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number W21I055433S

Community Details

Overview

  • 2 Units
  • Sefton Park Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1951 | Remodeled in 2025

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 1 Story
  • Year Built: 1951
  • State Equalized Value: 21400.0000
  • Year Renovated: 2025
  • Pets Allowed: Call
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1951
  • Total Sq Ft: 1951
  • Sq Ft Total Bsmt: 1904

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Block, Brick
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Frontage Feet: 40
  • Road Frontage Type: Paved
  • Fencing: Back Yard, Fenced

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer (Sewer-Sanitary), Separate Meters
  • Water Source: Separate Meters

Fee Information

  • Operating Expense: 1800.00

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.14
  • Lot Dimensions: 40X150
  • Parcel Number: W21I055433S
  • Zoning: Residential

Rental Info

  • Rent Includes: Water
  • Monthly Rental Income: 900

Tax Info

  • Tax Amount Summer: 1712.0000
  • Tax Amount Winter: 2346.0000
  • Total Tax: 4058.0000
  • Taxable Value: 21400.0000

Multi Family

  • Gross Scheduled Income: 10800.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 1

MLS Schools

  • School District: Detroit

Map

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 Pending -- -- --
07/23/2025 07/23/25 For Sale $120,000 +298.7% $62 / Sq Ft
09/29/2020 09/29/20 Sold $30,100 +102.0% $16 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $14,900 -- $8 / Sq Ft
Source: Realcomp

Source: Realcomp

MLS Number: 20251019871

Realcomp

APN: 21-055433.

Michigan Wayne County Detroit 48213 Chandler Park

5500 Chalmers St, Detroit, MI

This home is located at 5500 Chalmers St, Detroit, MI 48213 and is currently priced at $120,000, approximately $61 per square foot. This property was built in 1951. 5500 Chalmers St is a home located in Wayne County with nearby schools including Edward 'Duke' Ellington Conservatory of Music and Art, Carstens Academy of Aquatic Science, and Charles L. Spain Elementary-Middle School.

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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Damian Hickman
Listing Agent
Damian Hickman
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EXP Realty Main
(248) 924-1377