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12850 Chicago, Detroit, MI 48228

58 Bed, 63 Bath Multi-Family Home For Sale

12850 Chicago, Detroit, MI 48228 House For Sale
$2,000,000
58
63
Multi-Family
5+ Family
58
This listing is courtesy of Social Realty LLC.

Property Description for 12850 Chicago, Detroit, MI 48228

Clean well running buildings of this size are rare in the market. Majority of units have been renovated in the last 2 years. Roof was updated a year ago, hot water tanks installed in last 6 months. Onsite manager has been with the building for over 20 years! Previous owners converted several 1 bedrooms, into very large 2 and 3 bedroom units. The opportunity exists to return the building to more units, and increase the overall gross rent. Onsite laundry, gated secure parking lot! Please do not approach the building without an accepted offer, tenants are not aware of sale. Opportunity to employee current managers post sale at below market rate!

Interior Details

45,312 sq. ft.
$44.14/sq. ft.
Public Sewer
Municipal Water
Laundry Facility

Exterior Details

0.93 acres
40,511 sq. ft.
Paved
Basement

Other Details

219020730
1969
IDX provided courtesy of Realcomp II Ltd., via Vision Realty and Realcomp II Ltd, ©2016 Realcomp II Ltd. Shareholders. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Units Description

Unit #1
Bedrooms: 46     

Unit #2
Bedrooms: 10     

Unit #3
Bedrooms: 2     

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Monthly Mortgage Payments

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$12,653

Town Description

In the 1870s, Polish immigrants began settling on the west side of Detroit. As the population grew, several Polish Catholic parishes were established, including St. Casimir (in 1882), St. Francis of...

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