16940 Log Cabin Street $870,000

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    16940 Log Cabin Street Highland Park, MI 48203

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 24031172
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    Views: 16 Days On Site: 148

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    Property Details

    Major price improvement. Value add 13 unit apartment building with gated private parking, a spacious lot, and a certificate of compliance. This building has been updated and most capital improvements have been completed. Centrally located this building offers 10-minute access to Downtown, close proximity to major grocers and public transportation. Strategically situated for investment opportunity, with the flurry of investment in the City of Detroit. This building has some separate utility meters allowing room for low operating expenses. Rents are below market.

    • General Features
      • Year Built 1923
      • Property Sub Type 5+ Units
      • County Or Parish Wayne
      • New Construction Y/N false
      • Tax Annual Amount 10300.05
    • Building Features
      • Construction Materials Brick
      • Heating Forced Air, Radiant
      • Heating Y/N true
      • Number Of Units Total 13
      • Bathrooms 0
      • Parking Total 13.0
    • Property Features
      • Number Of Buildings 1
      • Lot Size Area 0.14
      • Lot Size Acres 0.14
      • Utilities Natural Gas Connected
      • Waterfront Y/N false
    • Schools
      • High School District Highland Park

    Neighborhood

    48203 (Highland Park) Demographics

    40 Median Age
    2,856 Population Density (per sq. mile)
    25% College Educated
    $26,744 Estimated Median Income
    4,251 Estimated Total Home Owners
    5,798 Estimated Total Renters
    42% / 58% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    22,901 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $131,000 Median Sales Price
    9 Homes Sold
    25 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $870,000
        8/30/2024 4:14:28 PM Price Reduced Source: Multiple Listing Service New Value: $870,000 -2.14%
        8/14/2024 9:44:31 AM Price Reduced Source: Multiple Listing Service New Value: $889,000 -0.45%
        7/17/2024 12:44:18 PM Price Reduced Source: Multiple Listing Service New Value: $893,000 -0.28%
        6/19/2024 12:14:00 PM New in Database Source: Multiple Listing Service New Value: $895,500

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        Information Deemed Reliable But Not Guaranteed. The firm operating this website does not display the entire MLS (or MichRIC) Broker Reciprocity database on this web site. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Updated on 11/14/2024 7:45:05 PM PST. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.