1055 PHILIP ST Detroit MI 48215 MLS #20240088848

1055 PHILIP ST
Detroit, MI, 48215
$925,000
Beds
20 Baths
11,949 SqFt
0.15 Acres
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MLS #20240088848 image #0
1055 Philip St is a 20-unit multifamily investment opportunity located between Grosse Pointe Park and Jefferson Chalmers. The property features a newer front roof, individually metered units for tenant-paid utilities, wall furnaces in each unit, and an existing radiator system that provides an alternative heating option if desired. Tenants also have access to a shared downstairs storage area that could be rented out for additional revenue. Public transportation is easily accessible, with a bus station just steps away on E Jefferson Ave, making for a quick 12-minute commute to Downtown Detroit. This property is strategically positioned near major development, including the $45 million Schaap Center for the Performing Arts expansion in Grosse Pointe Park. Whether you’re a seasoned investor or entering the multifamily space, 1055 Philip offers strong cash flow, upside potential, and a prime location within Detroit’s east-side resurgence.

Property Details

Price:
$925,000
MLS #:
20240088848
Status:
Active
Beds:
0
Baths:
20
Type:
Single Family
Subtype:
Multi Family
Subdivision:
POINTE VIEW JOSEPH S VISGER & EDGAR J HITCHINGS
Neighborhood:
05066detmcclellaneastmacktoshore
Listed Date:
Nov 26, 2024
Finished Sq Ft:
11,949
Lot Size:
6,534 sqft / 0.15 acres (approx)
Year Built:
1928
Short Sale05066 – Det: Mcclellan East/mack To Shore05066detmcclellaneastmacktoshorePointe View Joseph S Visger & Edgar J HitchingsDetroitCall

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Schools

School District:
Detroit

Interior

Bathrooms
20 Full Bathrooms
Heating
Forced Air, Natural Gas

Exterior

Architectural Style
Other
Construction Materials
Brick

Financial

Taxes
$2,975

Map

Community

Market Summary

Current real estate data for Single Family in Detroit as of Oct 16, 2025
3,413
Single Family Listed
110
Avg DOM
83
Avg $ / SqFt
$151,590
Avg List Price

Property Summary

    Located in the POINTE VIEW JOSEPH S VISGER & EDGAR J HITCHINGS subdivision, 1055 PHILIP ST Detroit MI is a Single Family for sale in Detroit, MI, 48215. It is listed for $925,000 and features 0 beds, 20 baths, and has approximately 11,949 square feet of living space, and was originally constructed in 1928. The current price per square foot is $77. The average price per square foot for Single Family listings in Detroit is $83. The average listing price for Single Family in Detroit is $151,590. To schedule a showing of MLS#20240088848 at 1055 PHILIP ST in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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disclosure
Courtesy of REALTEAM Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of Move in Michigan. Detailed information about real estate listings held by brokerage firms other than LoChirco Realty, LLC include the name of the listing broker. Neither the listing company nor LoChirco Realty, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. . All rights reserved.
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1055 PHILIP ST
Detroit, MI