$1,615 Closing Credit¹
#20240086872, Andrew Dow, Listing Office: @properties Christies Intl R.E. Detroit
$1,413
closing credit¹
5500 Chalmers St Detroit, MI 48213
$119,000 List price
$1,413
Closing credit¹
4 beds
2 full
1,904 sqft
0.1 acres
$63 / 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
- 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: 2/11/2025, 11:20:56 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
$119,000
5500 Chalmers St
$1,413
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. Typical income of Detroit, MI residents is less than $<35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
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
Similar homes for sale
Backup offers
$1,722 Closing Credit¹
#20250000057, Nusrat Moghul, Listing Office: Arterra Luxe Collection LLC
$1,781 Closing Credit¹
#50162556, Paula Draper, Listing Office: Higbie Maxon Agney Inc
$1,413 Closing Credit¹
#81024019500, Kingsley Ifezue, Listing Office: Detroit Metro Realty
$1,544 Closing Credit¹
#20250004963, Damian Hickman, Listing Office: EXP Realty Main
Backup offers
$1,661 Closing Credit¹
#20240070914, Tiroca Battle, Listing Office: REALTEAM Real Estate
$1,305 Closing Credit¹
#20240085841, Dennis Rutowski, Daniel Nanney, Listing Office: Imagine Home Realty
New - 12 hours on Rocket
$1,069 Closing Credit¹
#81025005040, Kristian Freiwald, Listing Office: Kristian Freiwald
$1,069 Closing Credit¹
#25001071, Sotero Lopez, Listing Office: eXp Realty, LLC
$1,781 Closing Credit¹
#20240073274, Kenneth Daniels, Listing Office: Daniels Realty Group LLC
Frequently asked questions
About 5500 Chalmers St
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 $119,000.
In January 2025, from all listings sold in Detroit, MI there were more than 76 sold above asking price, over 192 sold below and more than 63 were sold right at the asked price. The inventory of homes for sale in Detroit, MI between December and January 2025 increased by 8.7%. While the average time on the market in January 2025 was 58 days, the median list price was $87,445.
From Rocket Homes Real Estate and based on county public records data.