5500 Chalmers Street

Off Market

5500 Chalmers Street

Detroit MI 48213

1951 sq. ft.

0.14 ac.

Multi-Family

Last sold for $113,000

Damian Hickman, last sold this property on 30 September 2025 after 48 days on market.

Overview

Turnkey Investor Gem in Prime Detroit Location! This ranch-style duplex is a cash-flow powerhouse - one unit is currently rented at $900/month, with the second unit ready to lease for the same, bringing total potential income to $1,800/month. Priced to sell, this low-maintenance property offers strong returns from day one. Both units feature updated interiors, with one already occupied by a reliable tenant. Located on a corner lot, the property has great curb appeal and convenient access to local amenities. Professionally managed for truly passive income. Tenant ledger available upon request. Don't miss this high-performing investment opportunity!

Features

2 bathrooms

1951 sq. ft. floor area

0.14 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Detroit over the last 12 months, the estimated median property value of 5500 Chalmers Street is $90k.

Median value

$90k

Estimated value range

$22.5k - $360k

Median days on market

Estimated value trend

50%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Detroit. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5500 Chalmers Street

2025

Sold

$113,000

30 Sep 2025 by Damian Hickman

2020

Sold

$30,100

29 Sep 2020 by Erick Monzo, of Keller Williams Realty-Great Lakes

Happy sellers in Detroit

We have insufficient information to provide an overview of customer satisfaction for Detroit. Viewing the agent profiles, reviews and sales for Detroit can provide insights for this location.

Local market activity for multi families in Detroit

In the last 12 months, 23 multi families similar to 5500 Chalmers Street, have been sold.

This represents a 13% increase in multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Detroit for a market analysis.

Arianna Lee

at National Realty Centers

(116 reviews)

Get a market analysis

Brandon Makila

at Keller Williams Professionals

(45 reviews)

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Lashanta Singleton

at eXp Realty

(8 reviews)

Get a market analysis

Willie Graham

at Expert Realty Solutions

(5 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Detroit

Arianna Lee

Sellers who recommend Arianna Lee have praised them for being local expert, clear communication, responsive, patient, supportive, pleasant, and dedicated