15478 Northlawn Street Detroit MI 48238 MLS #20251045013

15478 Northlawn Street
Detroit, MI, 48238
$279,000
Beds
2 Baths
1,580 SqFt
0.07 Acres
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MLS #20251045013 image #0
ATTENTION!! Home owners and Investors! An exceptional cash-flow opportunity awaits with this fully remodeled multi-family property, complete with a SEPARATE 1-bedroom, 1-bathroom BONUS home — ideal for short-term rentals or additional passive income. Strategically located near Downtown Detroit, Wayne State University, and the University of Detroit Mercy, this property offers strong rental demand and multiple income streams in one impressive package. The main residence features two updated units with modern finishes and high-quality renovations throughout. The lower unit is currently occupied by a tenant on a month-to-month lease who’s eager to stay long term, providing immediate and stable cash flow for investors. The upper unit is turnkey and ready for lease or owner-occupancy. The separate rear home is a standout ASSET — a fully functional 1-bedroom, 1-bathroom house with a spacious living room, full kitchen and bath. This detached dwelling opens the door for Airbnb, VRBO, corporate leasing, or traditional rentals, giving investors the flexibility to maximize returns through diversified income options. Situated on a large fenced parcel with an additional adjacent lot, this property offers expanded outdoor space for tenants, potential value-add enhancements, or future development possibilities. This is a RARE opportunity to acquire a high-performing, low-maintenance asset in one of Detroit’s most desirable investment corridors. Perfect for both experienced investors seeking reliable returns, new investors looking for a solid entry into the market, or that saavy home owner looking for the perfect house hacking scenario! Schedule your showing today and make this the perfect acquisition to cap off the year! Please do not disturb the occupant. Showings will be for the upstairs unit and rear property ONLY. Access to the occupied unit will be granted during time of inspection after an accepted offer. Thank you for your consideration. Photos taken prior to tenant.

Property Details

Price:
$279,000
MLS #:
20251045013
Status:
Active
Beds:
0
Baths:
2
Type:
Single Family
Subtype:
Multi Family
Subdivision:
GRACELAND
Neighborhood:
05042det6tiregrnfldlivernois
Listed Date:
Oct 13, 2025
Finished Sq Ft:
1,580
Year Built:
1929
Short Sale05042 – Det 6-tire – Grnfld – Livernois05042det6tiregrnfldlivernoisGracelandDetroitPets Allowed

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Schools

School District:
Detroit

Interior

Bathrooms
2 Full Bathrooms
Heating
Forced Air, Natural Gas

Exterior

Architectural Style
Colonial, UpperLowerApartment
Construction Materials
Brick

Financial

Net Operating Income
$27,338
Taxes
$9,142

Map

Community

Market Summary

Current real estate data for Single Family in Detroit as of Oct 20, 2025
3,453
Single Family Listed
109
Avg DOM
83
Avg $ / SqFt
$150,607
Avg List Price

Property Summary

    Located in the GRACELAND subdivision, 15478 Northlawn Street Detroit MI is a Single Family for sale in Detroit, MI, 48238. It is listed for $279,000 and features 0 beds, 2 baths, and has approximately 1,580 square feet of living space, and was originally constructed in 1929. The current price per square foot is $177. The average price per square foot for Single Family listings in Detroit is $83. The average listing price for Single Family in Detroit is $150,607. To schedule a showing of MLS#20251045013 at 15478 Northlawn Street in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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