1 year on rocket

30 E Philadelphia St, Detroit, MI, 48202

$3,375,000

44 Full Baths
6,620 SqFt
$510/SqFt
Multi
Schools Nearby

Location

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Property Highlights

Home TypeMulti Family
Year Built1923
HeatingNatural Gas, Forced Air
BasementYes
MLS #20221050867
Lot Size0.24 Acres
StatusActive

About 30 E Philadelphia St

This full brick apartment building has 44 units, with 19 parking spots included in the sale. Right in the heart of new center area, right off of Woodward Ave. Lots of infrastructure upgrades including new roof, plumbing, electrical, HVAC units, drywalling, Insulation to name a few have been done. Details of what is left can be provided with current contracts in place. This project is ready for the finishing episode. 19 Parking places available. Mostly all the contracts are in place, will need a new GC. Opportunity zone. 25-30% OWNER FINANCING AVAILABLE.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1923
  • Stories: 4
  • Living Area: 6,620 SqFt

Listing Office:

  • Office Name: Motown Property Management Inc
  • Office Phone: (734) 341-5900
  • Listing Agent: Fahad Sultan

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 44

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Woodward and Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,375,000
  • Price Per SqFt: $510/SqFt

Tax Information:

  • Annual Amount: $1,251
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$80.1K

Med. Price/SqFt

$69

Avg. Days On Market

49

# of Sold Homes

392

30 E Philadelphia St vs Detroit

567 DAYS ON ROCKET

+518 Days

$3,375,000

+$3.2M More

$510/SqFt

+$440 More

KEY TAKEAWAY

This property is $3.2M more than the Median Sold Price and $440/SqFt more 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: #20221050867

Listing Office:

  • Office Name: Motown Property Management Inc
  • Office Phone: (734) 341-5900
  • Listing Agent: Fahad Sultan

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: 5/1/2024, 6:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 01, 2017Home Sold
$190,000
May 08, 2015Home Sold
$80,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,251$173,800
2020$2,132$135,700
2018$2,132$23,500
2017$4,235$20,300

History based on county public records data.

Payment Calculator

$16.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.1K

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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-4078498
4
/10
  • University Preparatory Academy (Psad) Elementary School

  • 435 Amsterdam St

  • 0.89 miles

  • Public Charter Grades KG-5

school-card-donut-4078499
5
/10
  • Henry Ford Academy:School For Creative Studies-Ele

  • 10225 3rd St

  • 0.96 miles

  • Public Charter Grades KG-5

school-card-donut-4078500
3
/10
  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.13 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,000. Typical income of Detroit, MI residents is less than $35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket Homes›Michigan›Wayne County›Detroit›48202›30 E Philadelphia St

This home is located at 30 E Philadelphia St in Detroit, MI and zip code 48202 in the Midtown neighborhood. This 6,620 square foot home, which was built in 1923, sits on a 0.24 acre lot. Features: 44 bathrooms. It has been listed on Rocket Homes since October 11, 2022 and is currently priced at $3,375,000.

In March 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 74 listings were sold at asking price, while more than 224 were sold below. The number of listings in Detroit, MI increased by 10.7% between February 2024 and March 2024. The median list price of listings available in March 2024 was $80,163, while the average time on the real estate market was 49 days.

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

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