$3,563 Closing Credit¹
Jennifer Lasco, Justin Hardy, Listing Office: Lasco Real Estate Group
$6,947
closing credit¹
503 Alger St Detroit, MI 48202
$585,000 List price
$6,947
Closing credit¹
9 full
11,588 sqft
0.2 acres
$50 / sqft
Multi-Family
Property details
About 503 Alger St
If you're searching for an investment property with a value-add opportunity, look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units & a large studio basement apartment. There are hardwood floors throughout, updated electrical, which is separate for each unit, and updated hot water tank. Annual income is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity.
Highlights
Home typeMulti Family
HeatingNatural Gas, Radiant
StatusAccepting Backup Offers
Size11,588 sqft
BasementYes
Lot size0.18 Acres
Year built1918
ParkingTwoCarGarage
MLS #20240007747
Garage2 spaces
Summary
- MLS Number: 20240007747
- MLS Name: Realcomp II Ltd
- Office Name: EXP Realty LLC
- Office Phone: (888) 501-7085
- Listing Agent: Adrena Holman, Tiffanie Turrentine
Disclaimer: 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: 1/30/2025, 8:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$585,000
503 Alger St
$6,947
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $267,100 | $2,445 |
| 2023 | $225,200 | $2,445 |
| 2022 | $197,600 | $3,275 |
| 2021 | $131,000 | $3,275 |
| 2020 | $105,400 | $1,736 |
| 2018 | $29,500 | $1,736 |
| 2017 | $25,400 | $1,726 |
History based on county public records data.
Nearby schools
2
University Preparatory Art Design Elementary School
Public Charter KG-5
1.0 mi
•10225 3rd St
2
University Preparatory Academy Psad Elementary School
Public Charter KG-5
1.1 mi
•435 Amsterdam St
2
Dickinson West Elementary School
Public District KG-6
1.3 mi
•2333 Burger St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,902. Typical income of Detroit, MI residents is less than $<35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
61%
<35k
36%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
59%
Single, No Kids
20%
Single, with Kids
15%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
39%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Where do the neighbors shop?
Burlington
H&M
Where do the neighbors go to eat?
White Castle
Boston Market
What do the neighbors drive?
Kia
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 503 Alger St in Detroit, MI and zip code 48202 in the Midtown neighborhood. This 11,588 square foot home, which was built in 1918, sits on a 0.18 acre lot. Features: 9 bathrooms. It has been listed on Rocket Homes since February 9, 2024 and is currently priced at $585,000.
Detroit, MI housing market in December 2024 saw over 91 listings sold above listed price, more than 68 sold at listed price and over 231 sold below. The inventory of homes for sale in Detroit, MI between November and December 2024 increased by 0.2%. Listings spent 46 days on the market in December 2024, and had a median list price of $85,917 during the same period.
From Rocket Homes Real Estate and based on county public records data.