3 hours on Rocket
$1,174 Closing Credit¹
#81025024143, Stephen Hagerman, Listing Office: Stephen Hagerman
$114,000 List price
5500 Chalmers St Detroit, MI 48213
$1,354
Closing credit¹
4 beds
2 full
1,904 sqft
0.1 acres
$60 / sqft
House
Property details
About 5500 Chalmers St
**AMAZING 12% Cap Rate**HIGH ROI**CORNER LOT OPPORTUNITY**TURNKEY INVESTOR GEM located in a prime Detroit location. This ranch-style duplex is a cash flow powerhouse, rented at $800 and $900 per unit, generating a total of $1,700/month. It is priced to sell and offers incredible potential for investors seeking high returns. Start making money from day one! Each unit features well-maintained interiors and reliable tenants in place. Situated on a corner lot, the property boasts excellent curb appeal and easy access to local amenities. Low maintenance and high-performing, this is an opportunity you don't want to miss. This turnkey property is professionally managed, allowing you to sit back and enjoy the passive income. Clean title, warranty deed, and title insurance provided. Tenant ledger available upon request.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
Size1,904 sqft
BasementYes
Lot size0.14 Acres
Year built1951
ParkingDetached, No Garage
MLS #20240091996
Summary
- Full Bathrooms: 2
- Basement: Yes
- Total Bedroom Count: 4
- Attached Garage: No
- Parking: Detached, No Garage
- Architectural Style: Ranch
- Heating: Forced Air, Natural Gas
- List Price: $114,000
- Price/SqFt: $59
- Annual Tax Amount: $1,250
- Tax Year: 2024
- Directions: S of 94 fwy
- Year Built: 1951
- Living Area: 1,904 SqFt
- Lot Size: 0.14 Acres
- MLS Number: 20240091996
- MLS Name: Realcomp II Ltd
- Office Name: U.S. Investor Group
- Office Phone: (313) 644-0034
- Listing Agent: Hasson Hammoud, Zena Berri
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: 5/25/2025, 2:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$114,000
5500 Chalmers St
$1,354
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 28, 2020 | Home Sold | $30,100 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $21,400 | $1,250 |
| 2023 | $17,400 | $1,250 |
| 2022 | $16,900 | $674 |
| 2021 | $10,500 | $674 |
| 2020 | $11,200 | $1,152 |
| 2018 | $9,400 | $1,152 |
| 2017 | $9,400 | $1,164 |
History based on county public records data.
Nearby schools
1
Wayne Elementary School
Public District PK-5
1.2 mi
•10633 Courville St
1
Marvin L Winans Academy Elementary School
Public Charter KG-5
1.2 mi
•9740 McKinney St
6
George Defer Elementary School
Public District KG-5
1.6 mi
•15425 Kercheval Ave
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 $22,302. The majority of Detroit, MI residents have income less than $<35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
73%
<35k
24%
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?
56%
Single, No Kids
26%
Single, with Kids
9%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
40%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
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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Frequently asked questions
About 5500 Chalmers St
The listing price of 5500 Chalmers St property is $114,000.
The property 5500 Chalmers St is a house located in Detroit, Michigan, 48213.
Active Listing: 5500 Chalmers St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5500 Chalmers St are: Wayne Elementary School (GreatSchools Rating 1/10), Marvin L Winans Academy Elementary School (GreatSchools Rating 1/10), George Defer Elementary School (GreatSchools Rating 6/10), Ronald Brown Academy (GreatSchools Rating 1/10), J E Clark Preparatory Academy (GreatSchools Rating 1/10), Duke Ellington Conservatory of Music & Art (GreatSchools Rating 1/10), Capstone Academy Charter Schoolmayfield (GreatSchools Rating 1/10), East English Village Preparatory Academy at Finney (GreatSchools Rating 1/10), Denby High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $1,250 (source: MLS/based on county public records data).
The last sale was on October 28, 2020 for $30,100 (source: MLS/tax record).
The property at 5500 Chalmers St has 4 bedrooms and 2 bathrooms.
The property 5500 Chalmers St is 1,904 SqFt (source: MLS/tax record).
The year of construction for 5500 Chalmers St is 1951.
This home is located at 5500 Chalmers St in Detroit, MI and zip code 48224 in the Chandler Park neighborhood. This 1,904 square foot home, which was built in 1951, sits on a 0.14 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $114,000.
Detroit, MI housing market in April 2025 saw over 93 listings sold above listed price, more than 85 sold at listed price and over 216 sold below. The inventory of homes for sale in Detroit, MI between March and April 2025 increased by 13.4%. The median list price of listings available in April 2025 was $90,000, while the average time on the real estate market was 47 days.
From Rocket Homes Real Estate and based on county public records data.