29 days on rocket

16516 Cheyenne St, Detroit, MI, 48235

$105,000

Home List Price

$1,247*

Closing Credit

2 Full Baths
1,645 SqFt
$64/SqFt
Multi
Schools Nearby

Location

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16516 Cheyenne St, Detroit$105,000

Buyer Closing Credits

$1,247*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1929
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240019610
Lot Size0.09 Acres
StatusActive

About 16516 Cheyenne St

Presenting an exceptional investment opportunity in Harmony Village! This freshly updated duplex, renovated in 2018, features two units, each with two bedrooms and one bath. With separate metered electrical, it's hassle-free for any potential buyer. Just minutes from University of Detroit Mercy and major freeways, its prime location ensures high demand. Ideal for investors seeking steady rental income and long-term appreciation. Don't miss out – schedule your showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial, Upper/Lower Apartment
  • Year Built: 1929
  • Stories: 2
  • Living Area: 1,645 SqFt

Listing Office:

  • Office Name: Keller Williams Paint Creek
  • Office Phone: (248) 609-8000
  • Listing Agent: Michael J Allen

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Laundry Facility

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Head W on Puritan Ave from Meyers Road. Head N on Cheyenne Street. Property will be on Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $105,000
  • Price Per SqFt: $64/SqFt

Tax Information:

  • Annual Amount: $959
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

16516 Cheyenne St vs Detroit

29 DAYS ON ROCKET

-16 Days

$105,000

+$23.9K More

$64/SqFt

-$7 Less

KEY TAKEAWAY

This property is $23.9K more than the Median Sold Price and $7/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240019610

Listing Office:

  • Office Name: Keller Williams Paint Creek
  • Office Phone: (248) 609-8000
  • Listing Agent: Michael J Allen

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: 5/4/2024, 2:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 15, 2019Home Sold
$60,000
Oct 23, 2013Home Sold
$61,500
Apr 29, 2008Home Sold
$28,000

Tax History

YEARPROP. TAXASSESSMENT
2021$959$21,400
2020$1,611$19,900
2018$1,611$14,700
2017$1,013$14,500

History based on county public records data.

Payment Calculator

$592

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$381

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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-5982716
5
/10

  • Rutherford Winans Academy

  • 16411 Curtis St

  • 1.90 miles

  • Public Charter Grades PK-5

school-card-donut-5982717
2
/10

  • Einstein Elementary School

  • 14001 Northend Ave

  • 2.79 miles

  • Public District Grades PK-6

school-card-donut-5982718
3
/10

  • Key Elementary School

  • 23400 Jerome St

  • 3.46 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,442. Typical income of Detroit, MI residents is between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48235›16516 Cheyenne St

This home is located at 16516 Cheyenne St in Detroit, MI and zip code 48235 in the Harmony VIllage neighborhood. This 1,645 square foot home, which was built in 1929, sits on a 0.09 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since April 05, 2024 and is currently priced at $105,000.

Detroit, MI housing market in April 2024 saw over 94 listings sold above listed price, more than 89 sold at listed price and over 243 sold below. The number of listings in Detroit, MI increased by 12.7% between March 2024 and April 2024. The median list price of listings available in April 2024 was $81,036, while the average time on the real estate market was 45 days.

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

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