Backup offers
$4,155 Closing Credit¹
#20240087709, Elijah Cook, Listing Office: KW Metro
$425,000 List price
5907 Iroquois St Detroit, MI 48213
$5,047
Closing credit¹
4 full, 1 partial
4,680 sqft
0.1 acres
$91 / sqft
Multi-Family
Property details
About 5907 Iroquois St
Discover a prime investment opportunity with this four-unit multifamily property located at 5907 Iroquois Street in Detroit. The building comprises three spacious three-bedroom units and one two-bedroom unit, offering a versatile portfolio for potential investors. Current Rental Income: • Unit 1: Three bedrooms, rented at $1,650/month • Unit 2: Three bedrooms, rented at $1,650/month • Unit 3: Two bedrooms, rented at $950/month • Unit 4: Three bedrooms, currently vacant With one unit available, there’s immediate potential to increase revenue by leasing the vacant space. Property Highlights: • Total of 11 bedrooms and 4 bathrooms across all units • Each unit features a comfortable layout suitable for various tenant needs • • Conveniently located near I-94, providing easy access to downtown Detroit, just a 10-minute drive away ? This property presents an excellent opportunity for both seasoned investors and those new to real estate investment. The combination of occupied units generating steady income and a vacant unit ready for occupancy makes this a compelling addition to any portfolio. Financial Overview: • Current monthly rental income: $4,250 • Potential monthly rental income (fully occupied): $5,900 • Annual gross income potential: $70,800 Don’t miss out on this chance to invest in a property with substantial income potential in a prime Detroit location. Contact us today to schedule a viewing or for more information.
Highlights
Home typeMulti Family
HeatingHot Water, Natural Gas
StatusActive
Size4,680 sqft
BasementYes
Lot size0.15 Acres
Year built1923
MLS #20240085916
Summary
- MLS Number: 20240085916
- MLS Name: Realcomp II Ltd
- Office Name: KW Metro
- Office Phone: (248) 288-3500
- Listing Agent: LaKisha M Dansby
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: 4/26/2025, 10:20:54 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
$425,000
5907 Iroquois St
$5,047
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 30, 2024 | Home Sold | $340,000 |
| Jun 10, 2022 | Home Sold | $320,000 |
| Apr 05, 2021 | Home Sold | $45,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $106,000 | $639 |
| 2023 | $83,500 | $639 |
| 2022 | $74,100 | $340 |
| 2021 | $60,300 | $340 |
| 2020 | $64,200 | $713 |
| 2018 | $41,600 | $713 |
| 2017 | $46,600 | $711 |
History based on county public records data.
Nearby schools
2
Oakland International Academy Elementary School
Public Charter 2-4
1.4 mi
•4001 Miller St
3
Bridge Academy East
Public Charter PK-5
1.9 mi
•9600 Buffalo St
3
Dickinson East Elementary School
Public District KG-6
2.1 mi
•3385 Norwalk 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 $25,704. The most common annual income of people living in Detroit, MI is less than $<35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
70%
<35k
28%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
60%
Single, No Kids
28%
Single, with Kids
8%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
10%
12-17 yrs old
21%
18-34 yrs old
42%
35-64 yrs old
12%
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
Ross Dress For Less
Where do the neighbors go to eat?
White Castle
Little Caesars
Jack In The Box
What do the neighbors drive?
Kia
Dodge
Nissan
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 5907 Iroquois St in Detroit, MI and zip code 48213 in the Lower East neighborhood. This 4,680 square foot home, which was built in 1923, sits on a 0.15 acre lot. Features: 5 bathrooms. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $425,000.
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. In March 2025 in Detroit, MI there were 14.9% more homes for sale than in February. In March 2025 median list price was $89,542 and the average listing age was 51 days.
From Rocket Homes Real Estate and based on county public records data.