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48201 Market info

$12,499,000

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  • 121 Units
  • 84,505 SqFt
  • MLS# 20250003563
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For Sale By Court Appointed Receiver. 121 Total Units between two multifamily properties. Sheridan Court – Four (4) story 66,600 +/- square foot midrise multifamily building that was built in 1919. The property is comprised of 16 studios, 70 -1BR/1BA and 4 -2BR/1BA, with three (3) commercial units and is zoned SD2-special development district. Upgrades include a new boiler, new fire exit doors, interior LED lighting and landscaping. 4417 2nd Ave, Detroit, MI 48201 The Wellesley – Three (3) story 17,905 +/- square foot midrise multifamily building that was built in 1930. The property is comprised of 14 studios and 14 – 1BR/1BA and is zoned R5- medium density residential district. Upgrades include a newer boiler, landscaping and a new roof. 651 W Hancock Street, Detroit, MI 48201 Close Proximity to the Lodge Freeway, Wayne State University, Detroit Institute of Ats, Detroit Historical Museum, Michigan Science Museum and several shops/restaurants. Property includes a NEZ tax abatement that will expire in December 2033 which can save $400k per year. All offers considered.

Property Information

Status
Active 
Address
4417 2nd Avenue 
City
Detroit 
Zip
48201 
Year Built
1919 
Style
Colonial 
Possession
At Close 
Architecture
4-10 Story 
Listing Date
01/16/2025 
List Price
$12,499,000
County
Wayne 
Above Grade SqFt
84,505 
Total No of Units
121 

School Information

School District
Detroit 

Taxes

Summer Taxes
$70,525 
Winter Taxes
$10,076 

Rooms and Land

Lot Dimensions
100 x 190 

Features

Style
Colonial 
Heating
Baseboard, Natural Gas 

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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20250003563 Mar 21 2025 5:36PM $12,499,000 $1 64
20250003563 Active Jan 16 2025 10:36AM $1 64
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

MIRC Logo

Listing Courtesy of James M Galbraith
(248) 865-0066
Office Address 31550 Northwestern Hwy Suite 200

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4417 2nd Avenue Detroit
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$12,499,000
For Sale • No. of Units: 121