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16917 Monica St, Detroit, MI, 48221

4beds
5baths
4,274sqft
$345,000
$81price/sqft
$3,125/moest. monthly cost
$125,000/yrincome needed

About This Home

***LOCATION LOCATION LOCATION PROPERTY LOCATED WITHIN WALKING DISTANCE FROM DETROIT MERCY UNIVERSITY **(1 bed, 1 bath , kitchen, Dining room and living Room *** Great Money Maker TOTAL RENOVATED AND 100% RENTED !!!New Roof, New Windows, New Gutters ,New Electrical System, New Plumbing, New Furnaces and New Hot water tanks , Beautiful Kitchen with new cabinets, stunning ceramic tile floors, totally renovated baths and new carpet on every bedroom. ***One of the members of the LLC holding title on the property has a Real Estate Broker License in the State of Michigan***.

Getting Around

67
WalkingSomewhat Walkable
50
TransitGood Transit
45
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1929

Materials

  • Foundation: Basement,Brick Mortar
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Finished area below ground: 1,200
  • Finished area above ground: 3,074

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 4,274 sqft

Property

Details

  • Parcel number: W16I021718S
  • Zoning description: MultiFamily
  • Special condition: Short Sale No,Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 4,791 sqft
  • Lot size dimensions: 44.00 x 112.00

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
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
Tornado
Tsunami

FEMA Declared Disasters in Wayne County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

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

MonthlyAnnual
Mortgage $1,744$20,928
Home Insurance *$493$5,916
Property Taxes $422$5,064
Electricity $466$5,594
Total$3,125$37,500
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$107,142/yr
40% on housing$93,750/yr
45% on housing$83,333/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

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.

Insurance Growth Rate5-year average: 9.0%
9.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$81This listing

vs Other Active Listings

Avg $/sqft

ZIP 48221$93
Wayne County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 48221$102
Wayne County$129

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

DateEventPrice
2026-05-12Price change$345,000
2026-02-26Listed for sale$365,000
2026-02-16Pending sale$365,000
2025-11-20Price change$365,000
2025-10-02Price change$389,000
2025-09-01Price change$395,000
2025-07-28Price change$400,000
2025-06-11Price change$425,000
2025-05-19Price change$435,000
2025-03-26Price change$495,000
2025-01-15Listed for sale$525,000
2021-08-27Listing removed--
2021-08-26Listed for sale$425,000
2021-08-10Listing removed--
2021-08-09Listing removed$425,000
2021-08-09Listed for sale$425,000
2021-07-16Listed for rent$750
2021-03-24Listing removed--
2020-10-26Sold$60,000
2013-12-01Sold$4,501
2013-08-10Listed for sale$7,500
2008-06-20Sold$5,000
2007-04-20Sold$125,297
2005-10-31Sold$135,000

For Sale by Agent

AgentGaston Munoz
BrokerageMunoz Realty Inc

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