$899,000 for Sale
1541 elm, detroit, MI 48216
Property Description
Exceptional NEW CONSTRUCTION 4-Unit Multifamily investment opportunity in North Corktown with Certificate of Occupancy issued March 23, 2026. Located in the Heart of Downtown Detroit, This turnkey multi-family property features 4 identical units, each offering 2 bedrooms, 1 full bath, spacious living area, full kitchen with quartz countertops, gas, laundry hookups, central air conditioning, and private entry. With approximately 3,600 total sq ft, this newly built asset was designed for efficient, low-maintenance ownership. Each unit includes heavy-duty security doors, smart locks, and smart thermostats, while the property also offers 24-hour surveillance cameras and a rear parking lot with 8 spaces. Fast Growing Area for Developments with 7-unit apartment building being built right across the street. Tax Exemption in place until 2033. Projected gross monthly income of approximately $12,000. Rare opportunity for local and out-of-state investors seeking a newly constructed, easy-to-manag
General Information
Sale Price: $899,000
Price/SqFt: $250
Status: Active
MLS#: 028
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: mc keowns sub
Acres: 0.11
Lot Dim: 40X115
Bedrooms:0
Bathrooms:4 (4 full, 0 half)
Size: 3,600 sq.ft.
Acreage: 0.11 est.
Year Built: 2026
Style: 2 Story
Features & Room Sizes
Exterior: Porch
Basement: No
Cooling: Central A/C
Heating: Forced Air
Tax, Fees & Legal
Est. Summer Taxes: $38
Est. Winter Taxes: $0

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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Briyana Jordan of Keller Williams Paint Creek
This listing last updated: Wed, April 01, 2026 at 11:39:32 AM EDT
MIRealSource Listing Data Last Updated On Thursday, April 2 2026 at 2:17pm