4625 Chalmers St, Detroit, MI, 48215
About This Home
This renovated 5-bedroom, 2-bath bungalow is currently tenant occupied with a lease generating $1,500 per month ($18,000 annually), providing immediate rental income from day one. The property was acquired in 2023 and extensively renovated prior to tenant occupancy, offering a low-maintenance investment with strong long-term appreciation potential. Featuring approximately 1,500 square feet of living space, a functional floor plan, and established rental history, this property is an excellent addition to any investor's portfolio. Photos taken prior to tenant occupancy are available upon verification of proof of funds. Tenant occupied—please do not approach or disturb the tenant. Showings are reserved for parties with an accepted offer only. This property is one of 20 investment properties offered individually or as part of a portfolio acquisition. Sellers are willing to complete the portfolio transaction through an entity sale, providing a streamlined acquisition process and potential tax and operational advantages. Buyers are encouraged to consult with their legal and tax advisors regarding the benefits of an entity acquisition. Buyer and Buyer's Agent to verify all information.
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1950
Materials
- Foundation: Basement,Brick Mortar
- Roof: Asphalt
- Construction materials: Aluminum Siding,Vinyl Siding
Notable Dates
- Major remodel year: 2023
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
Bedroom
- Level: Second
- Area: 90
- Dimensions: 10 X 9
Bedroom
- Level: Second
- Area: 143
- Dimensions: 13 X 11
Bedroom
- Level: Entry
- Area: 132
- Dimensions: 12 X 11
Bedroom
- Level: Second
- Area: 90
- Dimensions: 10 X 9
Bedroom
- Level: Second
- Area: 121
- Dimensions: 11 X 11
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Finished area above ground: 1,500
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total interior livable area: 1,500 sqft
Other
- Level: Second
Other
- Level: Entry
Property
Details
- Parcel number: W21I056005S
- Special condition: Short Sale No,Standard
Features
- Levels: One And One Half
- Stories: 1
- Entry location: GroundLevelwSteps
- Pool features: None
- Patio & porch: Covered,Porch
Lot
- Lot size: 4,356 sqft
- Lot size dimensions: 35 x 120
Parking
- Parking features: No Garage
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
- Strong Wind
- Tornado
- 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 | $632 | $7,584 |
| Home Insurance * | $169 | $2,028 |
| Property Taxes | $153 | $1,836 |
| Electricity | $188 | $2,259 |
| Total | $1,142 | $13,704 |
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 |
|---|---|---|
| 2026-07-27 | Listed for sale | $125,000 |
| 2026-04-21 | Listing removed | $1,250 |
| 2025-12-01 | Price change | $1,250 |
| 2025-11-17 | Price change | $1,350 |
| 2025-08-18 | Price change | $1,500 |
| 2025-06-09 | Price change | $1,550 |
| 2025-04-28 | Price change | $1,600 |
| 2025-04-25 | Listed for rent | $1,650 |
| 2024-02-10 | Listing removed | -- |
| 2023-12-06 | Listed for rent | $1,500 |
| 2023-11-15 | Sold | $30,000 |
| 2022-09-08 | Listing removed | -- |
| 2022-07-29 | Price change | $67,000 |
| 2022-06-24 | Price change | $77,990 |
| 2022-05-06 | Listed for sale | $84,999 |
| 2020-03-06 | Listing removed | $1,100 |
| 2020-01-27 | Listed for rent | $1,100 |
| 2019-07-30 | Listing removed | $1,100 |
| 2019-07-27 | Price change | $1,100 |
| 2019-06-26 | Price change | $1,150 |
| 2019-06-06 | Listed for rent | $1,300 |
| 2019-02-14 | Sold | $19,700 |
| 2018-12-20 | Sold | $5,000 |
| 2018-04-19 | Listed for sale | $16,000 |
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