56
See all 56 photos
$570,000
Est. payment /mo
4 Baths
4,356 Sqft Lot
New
1583 Cadillac Boulevard Detroit, MI 48214
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251029321
HOA Y/N true
Year Built 1914
Annual Tax Amount $1,493
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 35X125
Source Realcomp
Property Description
Incredible Investment Opportunity – Perfect for Elder Care or Student Housing! Welcome to your next high-return investment in the heart of Downtown Detroit! This beautifully renovated three-story historic home offers a unique opportunity to generate significant rental income, whether you're seeking to establish an elder care facility or take advantage of demand for off-campus housing near Wayne State University. Boasting Approximately 3,600 sq ft of meticulously restored living space, this residence features custom finishes throughout, from extended, built-in cabinetry to original early-1900s Detroit tilework in the bathrooms. Each spacious bedroom offers the potential to generate $2,000–$3,000 per month in rent, creating a projected gross income of over $10,000/month when fully occupied. The property's layout is ideal for shared living, with multiple bathrooms, generous common areas, and a third-floor suite perfect for staff quarters or a premium rental unit. The home also includes a full basement that can be divided into individual storage units for each resident, adding valuable utility and convenience. With two kitchen areas, residents can enjoy greater flexibility and comfort in meal preparation. Stairs can be easily outfitted with stairlifts, making the property more accessible for elderly residents. Additionally, a privacy fence can be installed around the perimeter to create a safe and enclosed environment for all occupants. The exterior is just as impressive, with period-accurate paint from the 1901 East Village catalogue adding charm and curb appeal. Located in a high-demand area with walkable access to restaurants, entertainment, and major institutions, this property is a rare chance to capitalize on Detroit's growing need for elder care housing or student accommodations. Don't miss this opportunity to turn a piece of Detroit's architectural legacy into a thriving income generating business!
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction Jefferson Ave x Cadillac BLVD x Cadillac BLVD to house.
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Vinyl Siding
Schools
School District Detroit
Others
Tax ID W19I005469S
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
Listed by NATOD Management
GET MORE INFORMATION
Chris Buckely
IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311
QUICK SEARCH
- Real Estate For Sale in Park Ridge, IL
- Real Estate For Sale in Niles, IL
- Real Estate For Sale in Des Plaines, IL
- Real Estate For Sale in Hinsdale, IL
- Real Estate For Sale in Addison, Illinois
- Real Estate For Sale in Arlington Heights, Illinois
- Roosevelt Elementary Park Ridge
- Washington Elementary Park Ridge
- What's My Home Worth?
- Hot Homes in Park Ridge IL HOT
- New Construction For Sale
- Home for Sale in Dyer, IN
- Newer Construction Homes For Sale In Dyer, IN
- Homes For Sale in Schererville, IN
- Newer Construction in Schereville, IN
- Single Family Homes For Sale in Westmont, IL
- Single Family Homes For Sale in Naperville, IL
- Westmont, IL Rentals
- Naperville, IL Rentals
- Park Ridge IL 3D Tours
- Elmhurst, IL 3D Tours
- Niles IL 3D Tours
- Des Plaines, IL 3D Tours
- WALK THROUGH THESE HOMES IN 3D!
- Homes For Sale in Munster, IN
- Des Plaines IL Rentals
- How to search using CBy3D.com
- Map of Open Houses Coming Up
- Recent Sales