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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1574 Cadillac Boulevard , Detroit, MI 48214
$200,000
Est. Payment: $444.44/mo
5 Bed
5 Bath
4066 Sqft
Status: Active | Days on site: 17
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House Description

Two side-by-side historic buildings in Detroit's East Village, offered together at $400,000 or individually at $200,000 each. The major structural work is behind you: new roofs, full demo, a rebuilt third floor, original fireplaces and woodwork preserved. Bring your architect and finish the story, two blocks from The Shepherd and Pewabic, on a tree-lined street where neighbors are restoring these old homes one by one.Two side-by-side historic buildings are waiting for someone with vision. Behind their brick facades, the bones of a grander era are still intact: original fireplaces, inlaid tile foyers, large pocket doors, hand-detailed paneling and wainscotting, all carefully preserved through a full interior demolition. Both buildings have a brand-new roof, both are gut-demoed and ready to build, and one has a fully rebuilt third floor. What's left is the best part: bringing them back to life.The buildings sit on original fieldstone foundations. The roof and the structural work up top are already handled, so your architect gets to focus on the vision. There is real structural work still ahead, including masonry repair, both porches to rebuild, and some second-floor framing to address, but it's defined, visible scope, not the hidden surprises that sink a rehab budget.At roughly 8,630 square feet across the two buildings, three full stories each, plus deep basements with the ceiling height to convert to additional living space, the possibilities are genuinely open. Restore them as a pair of grand single-family homes. Create a boutique collection of apartments. Live in one and lease the other. Out back, massive yards with alley access leave room for off-street parking and the kind of garden, patio, or gathering space that turns a building into a home. The stone base is proven and the structure is understood, so you're building on a known quantity, not guessing.

Highlights

Listed by Randall S Fogelman , 313-378-4270 O'Connor Realty Detroit, LLC , 313-963-9891.

Property Type

Residential

Lot/Acreage
0.14

Year Built

1925

County

Wayne

School District

Detroit

Listing ID

20261069947

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:5
  • Bathrooms:5
  • Full Bathrooms:5
Water:Public

Exterior Features

Sewer:Public
Principal Interest
$444
Taxes
$561

Home Price

$200,000

Loan Details

30 yrs
%

Down Payment

20%
$40,000
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Monthly Price:
$444.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $444.44 $560.83 $0.00 $1,005.28
Yearly $5,333.33 $6,730.00 $0.00 $12,063.33
Total $160,000.00 $201,900.00 $0.00 $361,900.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.