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Larry Else

larry@dtrdetroit.com +1(313) 315-3215

$ 279,000

Est. payment -/mo

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15478 Northlawn Street Detroit, MI 48238

2 Beds

2 Baths

1,580 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Colonial,Upper/Lower Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 1,580 sqft

Price per Sqft $176

Subdivision Graceland

MLS Listing ID 20251045013

Style Colonial,Upper/Lower Apartment

Bedrooms 2

Full Baths 2

Year Built 1929

Annual Tax Amount $9,142

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 30X108

Property Sub-Type Colonial,Upper/Lower Apartment

Source Realcomp II Ltd

Property Description

ATTENTION!! Home owners and Investors! An exceptional cash-flow opportunity awaits with this fully remodeled multi-family property, complete with a SEPARATE 1-bedroom, 1-bathroom BONUS home — ideal for short-term rentals or additional passive income. Strategically located near Downtown Detroit, Wayne State University, and the University of Detroit Mercy, this property offers strong rental demand and multiple income streams in one impressive package. The main residence features two updated units with modern finishes and high-quality renovations throughout. The lower unit is currently occupied by a tenant on a month-to-month lease who's eager to stay long term, providing immediate and stable cash flow for investors. The upper unit is turnkey and ready for lease or owner-occupancy. The separate rear home is a standout ASSET — a fully functional 1-bedroom, 1-bathroom house with a spacious living room, full kitchen and bath. This detached dwelling opens the door for Airbnb, VRBO, corporate leasing, or traditional rentals, giving investors the flexibility to maximize returns through diversified income options. Situated on a large fenced parcel with an additional adjacent lot, this property offers expanded outdoor space for tenants, potential value-add enhancements, or future development possibilities. This is a RARE opportunity to acquire a high-performing, low-maintenance asset in one of Detroit's most desirable investment corridors. Perfect for both experienced investors seeking reliable returns, new investors looking for a solid entry into the market, or that saavy home owner looking for the perfect house hacking scenario! Schedule your showing today and make this the perfect acquisition to cap off the year! Please do not disturb the occupant. Showings will be for the upstairs unit and rear property ONLY. Access to the occupied unit will be granted during time of inspection after an accepted offer. Thank you for your consideration. Photos taken prior to tenant.

Location

State MI

County Wayne

Area Det 6-Tire - Grnfld - Livernois

Zoning Multi-Family

Direction M-10 to Wyoming

Rooms

Basement Unfinished

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Road Frontage Paved

Garage no

Private Pool No

Building

Foundation Basement

Sewer Sewer (Sewer-Sanitary)

Water Water at Street

Architectural Style Colonial, Upper/Lower Apartment

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W16I031798S

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Listed by Clayton Neal of KW Metro

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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