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3026 Mount Elliott St, Detroit, MI, 48207

1beds
1baths
1,000sqft
$59,500
$60price/sqft
$614/moest. monthly cost
$24,560/yrincome needed

About This Home

BACK ON MARKET REDUCED PRICE - SELLERS WANT TO MAKE A DEAL !! This duplex offers an exceptional opportunity for investors and developers seeking a long-term project in one of Detroit’s most strategically located neighborhoods. Situated just 10 minutes from Downtown Detroit, residents can easily access the city’s major sports arenas, entertainment venues, and cultural attractions. The property is also conveniently located 10 minutes from Belle Isle Park, 5 minutes from the historic Eastern Market, and just steps away from the world-famous Heidelberg Project, a landmark outdoor art installation. With its generous dimensions and flexible layout, the home presents multiple development possibilities. The structure can be reimagined into up to four apartment units, two per floor, with additional potential for an extra unit on the third floor. The property has already completed the demolition phase, providing a clean slate for the next owner to design and build according to their specific vision. This flexibility makes it ideal for Airbnb conversions, long-term rentals, or custom residential development. The livable square footage is roughly 1,000sq ft. However, the total square footage of the home is 2,565 allowing for a wide variety of potential changes to the floor plan as most of the house is unfinished. Currently, the property includes a small apartment on the first floor, suitable for one or two occupants, which can be used as temporary housing or an initial rental unit during the renovation process. Combining a prime location, versatile structure, and unlimited design potential.

Getting Around

53
WalkingSomewhat Walkable
51
TransitGood Transit
64
BikeBikeable

Schools

4/10
3/10
Southeastern High SchoolGrades 9-122.4 mi

Construction

Condition

  • Year built: 1912

Materials

  • Foundation: Basement,Poured
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area above ground: 1,000

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 1,000 sqft

Primary Bathroom

  • Level: Entry
  • Area: 50
  • Dimensions: 10 X 5

Primary Bedroom

  • Level: Entry
  • Area: 144
  • Dimensions: 12 X 12

Property

Details

  • Parcel number: W15I013974S
  • Special condition: Short Sale No,Standard

Features

  • Levels: Three
  • Stories: 3
  • Entry location: GroundLevelwSteps
  • Pool features: None

Lot

  • Lot size: 4,791 sqft
  • Lot size dimensions: 30 x 160

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
    Cold WaveModerate
  • 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 $300$3,600
Home Insurance *$97$1,164
Property Taxes $29$348
Electricity $188$2,259
Total$614$7,368
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$21,051/yr
40% on housing$18,420/yr
45% on housing$16,373/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

$60This listing

vs Other Active Listings

Avg $/sqft

ZIP 48207$120
Wayne County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 48207$87
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)

No zestimate history available

Price History

DateEventPrice
2026-04-09Listed for sale$78,500
2026-03-05Listing removed$80,000
2026-02-04Price change$80,000
2025-12-19Price change$85,000
2025-12-04Price change$95,000
2025-11-11Listed for sale$100,000
2019-11-15Listing removed$1,000
2019-11-12Listed for sale$1,000
2006-02-24Sold$27,000

For Sale by Agent

AgentBashar G Nijem
BrokerageRealtyflo Inc

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