343 Elmhurst St, Highland Park, MI, 48203
About This Home
This extensively renovated 5-bedroom, 2-bath Colonial is currently tenant occupied with a lease generating $2,100 per month ($25,200 annually), providing immediate rental income from day one. Acquired in 2023 and fully renovated prior to tenant occupancy, the property features updated flooring, fresh paint, a modernized kitchen, renovated bathrooms, newer windows, updated electrical and plumbing, a newer roof, and numerous additional improvements throughout. Offering approximately 2,442 square feet of living space, spacious room sizes, and a versatile floor plan, this property presents an outstanding opportunity for investors seeking a quality, low-maintenance asset with strong long-term appreciation potential. 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
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1916
Materials
- Foundation: Basement,Brick Mortar
- Roof: Asphalt
- Construction materials: Brick
Notable Dates
- Major remodel year: 2023
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
Bedroom
- Level: Entry
- Area: 100
- Dimensions: 10 X 10
Bedroom
- Level: Entry
- Area: 120
- Dimensions: 10 X 12
Bedroom
- Level: Second
- Area: 132
- Dimensions: 12 X 11
Bedroom
- Level: Second
- Area: 110
- Dimensions: 11 X 10
Bedroom
- Level: Entry
- Area: 110
- Dimensions: 11 X 10
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Finished area above ground: 2,442
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total interior livable area: 2,442 sqft
Other
- Level: Second
Other
- Level: Entry
Property
Details
- Parcel number: 43018100070000
- Special condition: Short Sale No,Standard
Features
- Levels: Two
- Stories: 2
- Entry location: GroundLevelwSteps
- Pool features: None
- Patio & porch: Covered,Porch
Lot
- Lot size: 4,791 sqft
- Lot size dimensions: 35 x 132.83
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 | $1,188 | $14,256 |
| Home Insurance * | $871 | $10,452 |
| Property Taxes | $287 | $3,444 |
| Electricity | $266 | $3,196 |
| Total | $2,612 | $31,344 |
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 | $235,000 |
| 2026-02-24 | Listing removed | $1,650 |
| 2026-02-19 | Listing removed | $249,000 |
| 2026-02-06 | Listed for sale | $249,000 |
| 2026-01-13 | Listed for rent | $1,650 |
| 2025-03-11 | Listing removed | $1,650 |
| 2025-02-04 | Listed for rent | $1,650 |
| 2024-08-14 | Sold | $31,000 |
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