231 Chandler St, Detroit, MI, 48202
About This Home
Investment opportunity in Detroit! This multifamily home features two units and includes the side lot at 221 Chandler. The upper unit has been updated and offers 1 bedroom and 1 bathroom with hardwood flooring throughout. The lower unit needs some work but provides 2 bedrooms and 1 bathroom, making it a great value-add opportunity. Located close to downtown Detroit, this property is in a prime location for future growth and rental potential.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1914
Materials
- Foundation: Basement,Block
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Finished area above ground: 1,749
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total interior livable area: 1,749 sqft
Property
Details
- Parcel number: W01I002277S
- Zoning description: MultiFamily
- Special condition: Short Sale No,Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Lot size: 6,098 sqft
- Lot size dimensions: 50 x 125
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Wayne County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,390 | $16,680 |
| Home Insurance * | $589 | $7,068 |
| Property Taxes | $336 | $4,032 |
| Electricity | $190 | $2,289 |
| Total | $2,505 | $30,060 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-10 | Listed for sale | $300,000 |
| 2022-06-23 | Sold | $16,000 |
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