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2223 Gray St, Detroit, MI, 48215

6beds
2baths
1,924sqft
$24,999
$13price/sqft
$398/moest. monthly cost
$15,920/yrincome needed

About This Home

ARE YOU LOOKING FOR A GREAT INVESTMENT OPPORTUNITY IN THE FOX CREEK NEIGHBORHOOD? This is it! Located a few blocks off Mack Avenue, minutes away from Grosse Pointe. This duplex with 2 units with 3 beds/1 bath is ready for its next owner with construction experience. This property would be for an investor looking for a value-add opportunity to flip or rent out, or for an owner-occupant looking to make it their own. For investors interested in flipping: after repair value (ARV) of $200K+! So much potential for a visionary to turn this diamond in the rough into a cash cow or your new primary residence. PRIME LOCATION seconds away from Grosse Pointe on a few blockss off Mack Ave & FCA Mack and Jefferson north assembly plant, w/ tons of restaurants, shopping, and a hospital nearby + easy access to Belle Isle/Detroit River & close to I-94. Great for a quick commute anywhere. This property is being sold AS-IS. Schedule your private showing today! No Seller Financing

Getting Around

35
WalkingCar-Dependent
46
TransitSome Transit
71
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1924

Materials

  • Foundation: Basement,Brick Mortar
  • Roof: Asphalt
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom

  • Level: Second
  • Area: 100
  • Dimensions: 10 X 10

Bedroom

  • Level: Second
  • Area: 100
  • Dimensions: 10 X 10

Bedroom

  • Level: Entry
  • Area: 100
  • Dimensions: 10 X 10

Bedroom

  • Level: Entry
  • Area: 100
  • Dimensions: 10 X 10

Bedroom

  • Level: Entry
  • Area: 100
  • Dimensions: 10 X 10

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Finished area above ground: 1,924

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 1,924 sqft

Other

  • Level: Entry
  • Area: 28
  • Dimensions: 7 X 4

Primary Bathroom

  • Level: Second
  • Area: 28
  • Dimensions: 7 X 4

Primary Bedroom

  • Level: Second
  • Area: 100
  • Dimensions: 10 X 10

Property

Details

  • Parcel number: W21I048772S
  • Special condition: Short Sale No,Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: GroundLevelwSteps
  • Pool features: None

Lot

  • Lot size: 4,356 sqft
  • Lot size dimensions: 35 x 122

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
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
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 $126$1,512
Home Insurance *$33$396
Property Taxes $30$360
Electricity $209$2,518
Total$398$4,776
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$13,645/yr
40% on housing$11,940/yr
45% on housing$10,613/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

$13This listing

vs Other Active Listings

Avg $/sqft

ZIP 48215$83
Wayne County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 48215$121
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
2025-10-06Price change$39,000
2025-09-20Listed for sale$49,000
2025-03-04Sold$20,000
2025-02-24Pending sale$28,000
2025-02-20Price change$28,000
2025-02-10Listed for sale$38,000
2025-01-21Pending sale$38,000
2024-06-19Listed for sale$38,000
2024-04-25Listing removed$55,000
2024-04-23Price change$55,000
2023-12-19Listed for sale$65,000

For Sale by Agent

AgentNazareth Sanchez
BrokerageRE/MAX Leading Edge

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