15005 Steel St, Detroit, MI, 48227
About This Home
***CALLING ALL INVESTORS*** Prime investment opportunity on Detroit's West Side! This solid duplex features two 2-bedroom / 1-bath units, each currently rented for $1,200 per month, delivering immediate cashflow. Both units are tenant-occupied with leases through September 2026, and tenants have expressed interest in staying. Property offers separate furnaces and separate hot water tanks for each unit, with one hot water tank replaced in 2025. Well-maintained and ideally suited for investors seeking steady cash flow. Cap Rate:
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1929
Materials
- Foundation: Basement,Block
- Construction materials: Brick
Type & Style
- Home type: Townhouse
- Architectural style: Townhouse
- Property subType: Townhouse
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Finished area above ground: 1,880
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total interior livable area: 1,880 sqft
Property
Details
- Parcel number: W22I022942S
- Zoning description: MultiFamily
- Special condition: Short Sale No,Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Lot size: 3,920 sqft
- Lot size dimensions: 36.00 x 107.00
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
- 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 | $960 | $11,520 |
| Home Insurance * | $679 | $8,148 |
| Property Taxes | $232 | $2,784 |
| Electricity | $205 | $2,460 |
| Total | $2,076 | $24,912 |
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 |
|---|---|---|
| 2026-04-28 | Listed for sale | $189,900 |
| 2026-03-09 | Listing removed | $189,900 |
| 2026-01-06 | Listed for sale | $189,900 |
| 2025-05-06 | Listing removed | $1,287 |
| 2025-05-04 | Listed for rent | $1,287 |
| 2025-05-04 | Listing removed | $1,200 |
| 2025-04-15 | Listed for rent | $1,200 |
| 2025-04-14 | Listing removed | $1,200 |
| 2025-04-04 | Price change | $1,200 |
| 2025-03-19 | Sold | $125,000 |
| 2025-03-07 | Listed for rent | $1,287 |
| 2023-07-17 | Sold | $84,500 |
| 2023-05-31 | Pending sale | $84,500 |
| 2023-05-20 | Listed for sale | $84,500 |
For Sale by Agent
View on Zillow