14440 Frankfort Street
Detroit, Michigan 48224
44
Bed
32
Bath
32,934Sqft
0.75Acre(Lot)
32-unit apartment building with strong value-add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
Property Details
Map
Map
Features
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Bathroom Information
Total Baths: 32 Full Baths: 32 -
Interior Features
220 Volts,Circuit Breakers Roof: Asphalt Basement Description: Unfinished -
Heating & Cooling
Heating: Hot Water Heating Fuel: Natural GasWater Heater
Natural Gas
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Building Information
Year Built: 1958 Building Stories: 3 Story Total Units: 32 Roof: Asphalt Foundation/Basement: Basement Architecture: Common Entry Building -
Exterior Features
Fenced Construction: Brick -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal) Water Heat: Natural Gas
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Lot Information
Lot Size: 0.75 Lot Dimensions: 230X143 Frontage Feet: 230 -
Property Information
SQ ft: 32934 Subdivision: Jefferson Park Land Co Ltd 1 Financing: Cash,Contract,FHA,VA
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Listing Price Information
Original List Price: $800,000 -
Listing Information
Possession: At Close Legal Description: S FRANKFORT DR 1000 THRU 1004 JEFFERSON PARK LAND COMPANY LIMITED SUB NO 1 L50 P78 PLATS, W C R 21/755 229.61 X 143
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Tax Information
Annual Tax: $58,087 Parcel Number: W21I003112SPossession
At CloseLegal Information
Legal Description: Section: S FRANKFORT DR 1000 THRU 1004 JEFFERSON PARK LAND COMPANY LIMITED SUB NO 1 L50 P78 PLATS, W C R 21/755 229.61 X 143
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Unit 1 Information
# of Bedrooms: 20 -
Unit 2 Information
# of Bedrooms: 12
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School Information
School District: Detroit -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4869 Haverhill Street , Detroit, MI, 48224 | $167,500 | 4 | 2 | 2,254 | 2,254 SqFt |
| 12604 E Outer Drive , Detroit, MI, 48224 | $285,000 | 5 | 3.5 | 3,286 | 3,286 SqFt |
| 4617 University Place , Detroit, MI, 48224 | $70,000 | 5 | 2 | 1,274 | 1,274 SqFt |
| 17215 AND 17219 Sioux S.., Detroit, MI, 48224 | $199,900 | 5 | 2 | 1,964 | 1,964 SqFt |
| 4830 Grayton , Detroit, MI, 48224 | $319,900 | 5 | 5 | 2,922 | 2,922 SqFt |
| 3460 Bedford Street , Detroit, MI, 48224 | $225,000 | 6 | 3.5 | 2,529 | 2,529 SqFt |
| 4826 Yorkshire Road , Detroit, MI, 48224 | $254,999 | 5 | 2 | 2,309 | 2,309 SqFt |
| 3919 Devonshire Road , Detroit, MI, 48224 | $194,900 | 4 | 2.5 | 2,140 | 2,140 SqFt |
| 4205 Haverhill Street , Detroit, MI, 48224 | $230,000 | 4 | 2 | 2,087 | 2,087 SqFt |
| 4326 Haverhill Street , Detroit, MI, 48224 | $65,000 | 4 | 2 | 1,898 | 1,898 SqFt |
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ByOwner last updated this listing 06/23/2026 @ 16:33
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