$45,000

1550 Cherboneau Pl Unit 127 Detroit, MI 48207

$534
Closing credit¹
2 beds
1 full
900 sqft
$50 / sqft
Condo

Property details

About 1550 Cherboneau Pl Unit 127

Amazing Opportunity-Historic Lafayette Park Co-op! This first floor, 2 bedroom unit is in need of some TLC and is priced accordingly. Make this home your own with fresh paint, new flooring, and appliances. Lots of storage space. You cannot beat the location, walkable to all of the best that Downtown has to offer: Dequindre Cut, Eastern Market, the Riverwalk, sports venues, dining, entertainment galore! Cherboneau Place offers residents a great community feel and many amenities included gated parking, beautiful grounds, a community room, library, on-site laundry, exercise room, workshop, and secure, private storage. There is also an elevator for added convenience. Included in the monthly HOA: property taxes, water, heat, building maintenance, a/c maintenance, trash. Co-op approval required for purchase. CASH terms, owner-occupied only. Pets are not permitted. Sale subject to probate court approval-Estate Sale.

Highlights

Home typeStock Cooperative
HeatingBaseboard, Natural Gas
StatusActive
CoolingWall Unit(s)
Size900 sqft
BasementYes
Year built1963
ParkingParking Lot, No Garage
MLS #20250027069

Virtual tour

Summary

  • MLS Number: 20250027069
  • MLS Name: Realcomp II Ltd
  • Office Name: Keller Williams Home
  • Office Phone: (248) 626-2100
  • Listing Agent: Adrienne Stewart

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/19/2025, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$45,000

1550 Cherboneau Pl Unit 127

$534

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

8

Chrysler Elementary School

Public District KG-5

0.2 mi

1445 E Lafayette St

3

University Preparatory Science and Math Elementary School

Public Charter KG-5

0.5 mi

2251 Antietam Ave

1

Detroit Academy of Arts and Sciences

Public Charter KG-5

0.8 mi

2985 E Jefferson Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $29,688. Residents of Detroit, MI typically earn less than $<35k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

55%
<35k
36%
35k-100k
5%
100k-200k
4%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

87%
Single, No Kids
4%
Single, with Kids
8%
Married, No Kids
1%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

4%
<11 yrs old
1%
12-17 yrs old
30%
18-34 yrs old
43%
35-64 yrs old
22%
65+ yrs old

What do the neighbors do for fun?

  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Music ConcertsMusic Concerts
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Banana RepublicBanana Republic
  • H&MH&M
  • IKEAIKEA

Where do the neighbors go to eat?

  • Jack In The BoxJack In The Box
  • ChipotleChipotle
  • QuiznosQuiznos

What do the neighbors drive?

  • ToyotaToyota
  • VolkswagenVolkswagen
  • LexusLexus

What do the neighbors listen to?

  • JazzJazz
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Soft Adult ContemporarySoft Adult Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

About 1550 Cherboneau Pl Unit 127

This home is located at 1550 Cherboneau Pl Unit 127 in Detroit, MI and zip code 48207 in the Downtown neighborhood. This 900 square foot home was built in 1963. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 17, 2025 and is currently priced at $45,000.

Detroit, MI housing market in March 2025 saw over 91 listings sold above listed price, more than 81 sold at listed price and over 203 sold below. In March 2025 in Detroit, MI there were 14.9% more homes for sale than in February. In March 2025, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $89,542.

From Rocket Homes Real Estate and based on county public records data.

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