2 months on rocket

Sale Pending

16159 Log Cabin St, Highland Park, MI, 48203

$174,900

Home List Price

$2,077*

Closing Credit

20 Full Baths
10,784 SqFt
$16/SqFt
Multi
Schools Nearby

Location

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16159 Log Cabin St, Highland Park$174,900

Buyer Closing Credits

$2,077*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1926
HeatingNatural Gas, Radiant
BasementYes
MLS #20240009212
Lot Size0.21 Acres
StatusSale Pending
(Pending)

About 16159 Log Cabin St

**OPPORTUNITY** Investors, come claim one of the last few un-rehabbed large multifamily properties left in the Martin Park/University District/Palmer Park/Palmer Woods area! The property features 20 spacious one-bedroom units, which breaks down as 8 units per floor plus4 garden-level units. There is also plenty of space in the basement for additional amenities for the tenants. Each unit is roughly 675 sq ft and features a living room, kitchen, bathroom, and bedroom. The property features a newer roof with 3D architectural shingles (2020), a repaired/updated PVC sewer line (2020), and a new copper incoming water service line (2020). The property requires a full rehab, but does have hardwood floors throughout the 1st and 2nd floors, which can be repaired and restored! The property is in Detroit but has a Highland Park mailing address. CASH OR HARD MONEY ONLY, NO LAND CONTRACTS OR OTHER SELLER FINANCING.

Property Details

Property Features

Property Information:

  • Architectural Style: Common Entry Building
  • Year Built: 1926
  • Stories: 2
  • Living Area: 10,784 SqFt

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (734) 404-8800
  • Listing Agent: Ryan E Kain

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Cable Available

Bedroom and Bathroom Information:

  • Full Bathrooms: 20

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Radiant

Other

Directions Information:

  • Directions: From McNichols turn South on Log Cabin

Price Information

Listing Price Info

Price Summary:

  • List Price: $174,900
  • Price Per SqFt: $16/SqFt

Tax Information:

  • Annual Amount: $1,366
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Highland Park, MI.

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Highland Park, MI

City

Med. Sold Price

$46K

Med. Price/SqFt

$30

Avg. Days On Market

53

# of Sold Homes

4

16159 Log Cabin St vs Highland Park

72 DAYS ON ROCKET

+19 Days

$174,900

+$128.9K More

$16/SqFt

-$15 Less

KEY TAKEAWAY

This property is $128.9K more than the Median Sold Price and $15/SqFt less than other homes in Highland Park, MI.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240009212

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (734) 404-8800
  • Listing Agent: Ryan E Kain

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 6:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,366$3,800
2020$1,062$1,900
2018$1,062$11,800
2017$1,056$11,000

History based on county public records data.

Payment Calculator

$940

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$591

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1489495
5
/10

  • Henry Ford Academy:School For Creative Studies-Ele

  • 10225 3rd St

  • 2.26 miles

  • Public Charter Grades KG-5

school-card-donut-1489496
3
/10

  • Dickinson West Elementary School

  • 2333 Burger St

  • 2.97 miles

  • Public District Grades KG-6

school-card-donut-1489497
3
/10

  • United Oaks Elementary School

  • 1001 E Harry Ave

  • 3.44 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,065. The majority of Highland Park, MI residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Highland Park›48203›16159 Log Cabin St

This home is located at 16159 Log Cabin St in Highland Park, MI and zip code 48203 in the McNichols neighborhood. This 10,784 square foot home, which was built in 1926, sits on a 0.21 acre lot. Features: 20 bathrooms. It has been listed on Rocket Homes since February 15, 2024 and is currently priced at $174,900.

In March 2024 more than 0 listings in Highland Park, MI were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 3 were sold below. The inventory of homes for sale in Highland Park, MI between February 2024 and March 2024 increased by 6.5%. In March 2024 median list price was $46,000 and the average listing age was 53 days.

From Rocket Homes Real Estate and based on county public records data.

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