1 month on rocket

881 Chalmers St, Detroit, MI, 48215

$350,000

Home List Price

$4,156*

Closing Credit

4 Full Baths
3,980 SqFt
$88/SqFt
Multi
Schools Nearby

Location

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881 Chalmers St, Detroit$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingGarages
Year Built1925
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240019399
Lot Size0.13 Acres
StatusActive

About 881 Chalmers St

Don't miss this opportunity to bring your vision to life! This substantial brick property holds not just a wealth of space but also a rich tapestry of history. Its convenient location straddles residential calm, historical charm, and commercial opportunity. Imagine, this once-bustling small hospital has the versatility to be transformed into a thriving group home, a serene funeral home, or even a state-of-the-art veterinary hospital. Envision the potential: expansive rooms across multiple levels, durable marble-like cement and tiled flooring, a welcoming fireplace, and adaptable attic and basement spaces. It's a canvas awaiting your unique vision to bring it to life. Whether repurposed as a group home, a dynamic business hub, or a grand family residence, the foundation for transformation is here. As is, the property beckons the discerning buyer ready to embrace its possibilities and sign off on a journey of rejuvenation. The motivation is clear, the seller is ready to engage with all reasonable offers, opening the doors wide to your dreams and plans. Remember to bring your vision and make an indelible mark on this property that's poised for a remarkable future.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1925
  • Stories: 3
  • Living Area: 3,980 SqFt

Listing Office:

  • Office Name: Virtual Real Estate Services LLC
  • Office Phone: (248) 518-0002
  • Listing Agent: Colette Hughes

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Fenced

Parking Information:

  • Parking: Garages

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: S. of Jefferson, W of Alter

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $88/SqFt

Tax Information:

  • Annual Amount: $1,806
  • 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

881 Chalmers St vs Detroit

30 DAYS ON ROCKET

-19 Days

$350,000

+$269.8K More

$88/SqFt

+$18 More

KEY TAKEAWAY

This property is $269.8K more than the Median Sold Price and $18/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: #20240019399

Listing Office:

  • Office Name: Virtual Real Estate Services LLC
  • Office Phone: (248) 518-0002
  • Listing Agent: Colette Hughes

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: 4/28/2024, 9:25:19 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

Jan 08, 2013Home Sold
$12,000
Jul 19, 2012Home Sold
$20,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,806$32,400
2020$1,499$27,300
2018$1,499$20,200
2017$1,492$20,700

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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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-2097930
5
/10
  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 0.85 miles

  • Public District Grades KG-5

school-card-donut-2097931
8
/10
  • Lewis Marie Elementary School

  • 740 Cadieux Rd

  • 1.81 miles

  • Public District Grades KG-5

school-card-donut-2097932
6
/10
  • Richard Elementary School

  • 176 Mckinley Ave

  • 2.56 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,214. The most common annual income of people living in Detroit, MI is between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket Homes›Michigan›Wayne County›Detroit›48215›881 Chalmers St

This home is located at 881 Chalmers St in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 3,980 square foot home, which was built in 1925, sits on a 0.13 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $350,000.

In March 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 224 sold below and more than 74 were sold right at the asked price. The inventory of homes for sale in Detroit, MI between February 2024 and March 2024 increased by 10.7%. In March 2024 median list price was $80,163 and the average listing age was 49 days.

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

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