$387,000

2987 Franklin St Unit 2Ab Detroit, MI 48207

$4,596
Closing credit¹
2 beds
2 full
1,044 sqft
$371 / sqft
Condo

Property details

About 2987 Franklin St Unit 2Ab

True loft living inside a converted manufacturing warehouse from 1905, this beautiful two-bedroom corner loft designed by award-winning Concetti firm has large warehouse windows and original features, including exposed brick walls; polished concrete floors; tall ceilings with exposed original wood beams; and reclaimed steel firehouse doors. Housed in East Rivertown's historic Dongan Building, which was originally built to manufacture military parts during World War II, the condo has been updated to reflect modern conveniences like the Lutron smart system. Designed by Euroamerica Design, the gorgeous kitchen is finished with sleek Italian Berloni cabinets, built-in Miele appliances, white granite countertops, custom light fixture from the Chicago Light Company, and a dramatic tile backsplash all the way to the ceiling. The generously sized primary suite comes with west-facing natural light, an open layout; a herringbone accent wall; hanging bedside pendant lights; separate soaking tub; marble walk-in shower; an industrial chic dual vanity handcrafted from Workshop Detroit and a large walk-in closet with laundry. The second bathroom is finished with a bold Pewabic tile shower, a bespoke vanity, and hidden mud room behind a reclaimed industrial sliding door. The building features a common rooftop area, keyless entry, security cameras, additional resident storage, and HOA allows for short-term rentals. There are two gated parking spaces included; and NEZ-approved tax breaks until 2035.

Highlights

Home typeCondominium
HeatingElectric, ENERGY STAR Qualified Equipment
StatusActive
Size1,044 sqft
Year built1943
ParkingAssigned 2 Spaces, Parking Lot, No Garage
MLS #20250020891

Summary

  • MLS Number: 20250020891
  • MLS Name: Realcomp II Ltd
  • Office Name: OConnor Realty Detroit, LLC
  • Office Phone: (313) 963-9891
  • Listing Agent: James Tumey

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: 4/17/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of building exterior

$387,000

2987 Franklin St Unit 2Ab

$4,596

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

1

Detroit Academy of Arts and Sciences

Public Charter KG-5

0.1 mi

2985 E Jefferson Ave

8

Chrysler Elementary School

Public District KG-5

0.8 mi

1445 E Lafayette St

3

University Preparatory Science and Math Elementary School

Public Charter KG-5

0.9 mi

2251 Antietam 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 $45,510. Typical income of Detroit, MI residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

38%
<35k
47%
35k-100k
12%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

79%
Single, No Kids
8%
Single, with Kids
11%
Married, No Kids
2%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

7%
<11 yrs old
3%
12-17 yrs old
31%
18-34 yrs old
48%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Music ConcertsMusic Concerts
  • Men's TennisMen's Tennis

Where do the neighbors shop?

  • Banana RepublicBanana Republic
  • H&MH&M
  • Nordstrom RackNordstrom Rack

Where do the neighbors go to eat?

  • Jack In The BoxJack In The Box
  • ChipotleChipotle
  • The Cheesecake FactoryThe Cheesecake Factory

What do the neighbors drive?

  • ToyotaToyota
  • VolkswagenVolkswagen
  • VolvoVolvo

What do the neighbors listen to?

  • JazzJazz
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • NewsNews
All data provided by Home Junction and Claritas

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Frequently asked questions

About 2987 Franklin St Unit 2Ab

This home is located at 2987 Franklin St Unit 2Ab in Detroit, MI and zip code 48207 in the Rivertown neighborhood. This 1,044 square foot home was built in 1943. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 28, 2025 and is currently priced at $387,000.

Over 91 listings were sold over their listed price in March 2025 in Detroit, MI. In the same period over 203 listings were sold below the listed price and 81 listings were sold for the listed price. Between February and March 2025, Detroit, MI real estate market has seen increase in the number of listings by 14.9%. 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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