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Sold for $81,000
  • $81,000

    5541-5543 Balfour Rd, Detroit, MI 48224

    4beds
    1,944sqft
    Multi Family
    Built in 1941
    -- sqft lot
    $85,100 Zestimate®
    $42/sqft
    $1,412 Estimated rent

    Home value

    $85,100

    $77,000 - $94,000

    $1,412/mo

    Zestimate® history
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    $1,412/mo

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    $1,412/mo

    Rent Zestimate®

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    $466/mo

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    $466/mo

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    What's special

    Charming 2-Unit Multi-Family Property in Detroit – Great Investment or Conversion Opportunity. This well-maintained 2-unit multi-family home is an ideal investment opportunity or can easily be converted into a spacious single-family residence. Located in an up-and-coming area of Detroit, this property offers convenience and potential for growth. Both units have 2 bedrooms, full bathroom, kitchen and living room. Entry level's inviting living room offers a beautiful fireplace, perfect for cozy evenings. Functional layout offering ample living space in both units. 2 Car detached garage. Shared basement with laundry facility. The home is in a prime location with easy access to major expressways, making commuting to Downtown Detroit, The Points, or St. Clair Shores a breeze. Whether you're looking to capitalize on the rental market or transform it into your dream home, this property offers flexibility and fantastic value in a rapidly growing neighborhood. Don't miss out on this fantastic opportunity to own a property in a high-demand area with so much potential!

    Zillow last checked: 8 hours ago

    Listing updated: March 20, 2025 at 12:35pm

    Listed by:

    Melanie Lovati 586-263-8220,

    Innovation Real Estate Specialists Inc.

    Bought with:

    Kera Grubb, 6501430247

    Innovation Real Estate Specialists Inc.

    Source: MiRealSource,MLS#: 50161997MLS LogoOriginating MLS: MiRealSource

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Bedroom 1
    • Features: No
    Heating
    • Forced Air
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Included: Range/Oven, Refrigerator
    Features
    • Basement: Block
    • Number of fireplaces: 1
    • Fireplace features: Living Room
    Interior area
    • Total structure area: 1,944
    • Total interior livable area: 1,944 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: 3 or More Spaces, Garage, Detached
    • Garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Porch
    • Exterior features: Sidewalks
    • Frontage length: 40
    Lot
    • Size: 5,662 sqft
    • Dimensions: 40 x 146
    • Features: Sidewalks
    Details
    • Parcel number: 21068743
    • Zoning description: Residential
    • Special conditions: Real Estate Owned

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Basement
    Condition
    • Year built: 1941

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Public Sanitary
    • Water: Public

    Community & neighborhood

    Location
    • Region: Detroit
    • Subdivision: N/A

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA 203K

    Price history

    DateEventPrice
    3/20/2025Sold$81,000$42/sqft
    Source: MiRealSource #50161997 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Morningside

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Detroit City School District

    Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value

    $85,100