563 Chalmers Street, Detroit, Michigan 48215

$150,000

Great Deal - This property is priced $49,350 below comparable homes in the area.

Property Details

MLS#: 20261024485
Bedrooms: 4
Bathrooms: 1.5
Square Feet: 2,658
Price per Sqft: $56
Lot Size: 0.13 acres
Year Built: 1917
Property Type: Residential
Status: Active
Days on Market: 5

Market Analysis

Estimated Value (CMA): $199,350
Area Avg Price/Sqft: $75
This Property: $56/sqft ($19 below area average)
Price Position: -25.0% vs comparable homes
Comparable Properties Analyzed: 1

Description

Investor opportunity in the highly sought-after Jefferson Chalmers neighborhood! This 4-bedroom, 1.5-bath Craftsman-style bungalow offers an exceptional value-add opportunity with a strong existing footprint, solid foundation, and timeless architectural character ready to be brought back to life. Featuring a spacious layout and classic design elements, this property is a prime candidate for a full renovation, allowing investors or end users to unlock significant upside potential. Located in one of Detroit’s most vibrant and revitalizing waterfront communities, the home is surrounded by ongoing development, increasing property values, and strong buyer demand. With the right vision and execution, this property can be transformed into a standout residence or high-performing resale. This home is next to two vacant lots that may be able to be purchased from Detroit Land Bank.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 563 Chalmers Street?

563 Chalmers Street is listed at $150,000, or $56 per square foot.

How many bedrooms does 563 Chalmers Street have?

This property has 4 bedrooms and 1.5 bathrooms, with 2,658 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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