#20250015293, Connae Pisani, Listing office: NREMG Realty
$120,000 List price
5500 Chalmers St Detroit, MI 48213
2 full
1,951 sqft
0.1 acres
$62 / sqft
Multi-Family
Property details
About 5500 Chalmers St
Turnkey Investor Gem in Prime Detroit Location! This ranch-style duplex is a cash-flow powerhouse—one unit is currently rented at $900/month, with the second unit ready to lease for the same, bringing total potential income to $1,800/month. Priced to sell, this low-maintenance property offers strong returns from day one. Both units feature updated interiors, with one already occupied by a reliable tenant. Located on a corner lot, the property has great curb appeal and convenient access to local amenities. Professionally managed for truly passive income. Tenant ledger available upon request. Don’t miss this high-performing investment opportunity!
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
Size1,951 sqft
BasementYes
Lot size0.14 Acres
Year built1951
MLS #20251019871
Summary
- Full Bathrooms: 2
- Basement: Yes
- Attached Garage: No
- Architectural Style: Duplex
- Heating: Forced Air, Natural Gas
- List Price: $120,000
- Price/SqFt: $61
- Annual Tax Amount: $1,250
- Tax Year: 2024
- Directions: North of Chandler Park / East of Chalmers
- Year Built: 1951
- Living Area: 1,951 SqFt
- Lot Size: 0.14 Acres
- MLS Number: 20251019871
- MLS Name: Realcomp II Ltd
- Office Name: EXP Realty Main
- Office Phone: (888) 501-7085
- Listing Agent: Damian Hickman
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: 7/23/2025, 10:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. The most common level of education of people living 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 $120,000.
The property 5500 Chalmers St is a multi 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 5500 Chalmers St is 1,951 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 1,951 square foot home, which was built in 1951, sits on a 0.14 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since July 23, 2025 and is currently priced at $120,000.
In June 2025, from all listings sold in Detroit, MI there were more than 79 sold above asking price, over 144 sold below and more than 74 were sold right at the asked price. Between May and June 2025, Detroit, MI real estate market has seen increase in the number of listings by 16.7%. In June 2025 median list price was $92,746 and the average listing age was 45 days.
From Rocket Homes Real Estate and based on county public records data.